Luanda, Angola — 18 March 2013 – ENI Angola “’ a subsidiary of Italian integrated energy company ENI “’ has found more oil in block 15/6 in the deep waters off the coast of Angola, the company said in a joint statement issued with Angolan oil company Sonangol.

According to the joint statement issued here and reported by Macauhub News Agency, this is the eighth oil discovery in the block. The Vandumbu-1ST well was drilled to a depth of 3,480 metres.

Initial indications are that the well has a potential production rate of over 5,000 barrels of oil per day.

ENI Angola is the operator of Block 15/06 with a stake of 60%, and its partners are Sonangol P&P and Total, each with 15%, and Falcon Oil Holdings Angola and Statoil Angola Block 15/06, each with 5%.

Source: Macauhub News Agency. For more information, click here.