By Giulia Petroni

Eni SpA said Tuesday that it has made a new light oil discovery with a size estimated at between 200 and 250 million barrels of oil in Block 15/06 offshore Angola.

The Italian oil-and-gas major said the well has been drilled on the Cuica exploration prospect in the Cabaça development area. Data indicates it could lead to a production capacity of around 10,000 barrels of oil a day.

"The well-head location, intentionally placed close to East Hub's subsea network, will allow a fast-track tie-in of the exploration well and relevant production," Eni said. Production is expected to start within six months after discovery.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

April 06, 2021 08:45 ET (12:45 GMT)

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