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Inside Investor

ANGOLA: 9th Offshore Oil Discovery Increases Resource Base

ANGOLA: 9th Offshore Oil Discovery Increases Resource Base

Bottom Line: Italy’s Eni SpA has made its 9th offshore discovery in Angola, setting up the West African country to become a regional energy hub.

Analysis: Last week, Eni announced another new discovery in its Block 15/06 at its Vandumbu-1 well offshore Angola. The well was drilled at a water depth of 976 meters, reaching a total depth of 4,107 meters. Eni found a net oil pay of 114…

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