Eni has confirmed a significant offshore oil discovery in Angola’s Block 15/06, with preliminary estimates pointing to around 500 million barrels of oil in place, strengthening the country’s upstream outlook and underscoring the value of infrastructure-led exploration. The discovery was made in the Algaita-01 exploration well, located roughly 18 kilometers from the Olombendo FPSO. Drilled in 667 meters of water by the Saipem 12000 drillship, the well encountered oil-bearing sandstones across multiple Uppe ...