By Nathan Allen

Eni SpA (ENI.MI) said Monday that it has found light oil at the Agidigbo exploration prospect offshore Angola, its fifth discovery on the Block 15/06 license this year.

Analysis of drilling results suggests Agidigbo could hold between 300 million and 400 million barrels of light oil, the Italian oil major said.

The positive drilling results follow discoveries at the Kalimba, Afoxe, Agogo and Ndungu prospects, which together are estimated to hold up to 1.8 billion barrels of light oil, Eni said.

Eni is the operator of the block with a nearly 37% holding. Angola's national oil company Sonangol holds nearly 37% and SSI Fifteen Limited holds just over 26%

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 03, 2019 06:36 ET (10:36 GMT)

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