ExxonMobil and its partners have discovered oil at Block 15 offshore Angola by drilling an exploration well in the Kizomba B development area.
The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil, in partnership with Azule Energy, Equinor, and Sonangol.
Drilled between the months of February and April 2024, the well is located at a water depth of 1,200 meters, having crossed reservoirs of Miocene age and reaching a final depth of 3,013 meters within the perimeter of the Kizomba B development area.
The Likembe-01 exploration well is the first well drilled within the scope of the preliminary agreements of the incremental production project, which aims to provide incentives to investors to produce additional volumes in concessions currently in production as a fundamental strategy for the sustainable development of the Angolan oil sector, according to the country’s National Oil, Gas, and Biofuels Agency (ANPG).
Under the supervision of the Ministry of Mineral Resources, Oil, and Gas (MIREMPET), ANPG has been working towards obtaining approval by the executive of the incremental production project in line with development objectives for sustainability and improvement of operational efficiency in the petroleum sector.
On May 13, ANPG and ExxonMobil signed a letter of agreement to boost research in Block 15, which aims to encourage investors to drill more exploration wells, safeguarding cost recovery within the scope of the incremental production project.
The incremental production project aims to maximize hydrocarbon recovery in Angola’s offshore oil concessions. This strategy involves adding new oil and enhancing the economic appeal of new projects in mature fields and undeveloped areas.
