ENI FIND OIL

Eni SPA has made an oil discovery with the Oglan-2 exploration well on Ecuador's Block 10, 260 km southeast of Quito.

As with its discovery offshore Angola reported on Sept. 17, the company estimates the Oglan discovery may hold 300 million bbl of oil in place.

Drilled to a total depth of 6,450 ft, the well encountered a 236-ft net crude oil column of 16° gravity, and flowed 1,100 b/d of oil during a production test constrained by surface facilities. Data acquired in the well indicate up to 2,000 b/d of oil in production capacity per well.

Eni says commercial studies on the discovery will commence immediately. Processing facilities serving Villano field, also inside Block 10, lie 7 km from Oglan and produce 12,500 b/d.

The Oglan discovery is part of Eni's exploration campaign to develop Block 10 under a service contract signed with the Ecuadorian government in 2010. Eni has operated Block 10 since February 2000 through affiliate Agip Oil Ecuador.

ogj.com