With an aim to achieve a potential gross production uplift of around 9,000 barrels of oil per day, Afentra has secured contracts to advance its accelerated two-well drilling programme on Block 3/05 offshore Angola. 

The primary objective will help define the material upside potential in the Pacassa SW area (up to 70 mmbo recoverable) and the Impala field (up to 50 mmbo recoverable). 

The Block 3/05 Joint Venture partners have signed a commercial agreement with Sonangol to use the Borr Grid jackup rig for the well programme. It will begin with the drilling of Pacassa SW, which will determine the next well eligible for drilling, be it the Pacassa SW injection well or the Impala-2 development well.

The Pacassa field which is anticipated to hold up to 210 mmbbls of oil will be drilled from the Pacassa F4 platform. If the drilling is a success, the well will be put to completion before connecting it to the existing production infrastructure. 

The Impala field, on the other hand, can potentially play a significant role in defining the upside potential of the field that can contain up to 200mmbo of oil in place. Impala-2 will be drilled from the Impala wellhead platform into the Impala field around 1000m from the existing Impala-1 production well. Upon completion the well will be connected to the existing production infrastructure. The outcome will also assist in defining the optimum Impala field development which has up to 50mmbo of incremental recoverable resources.

"The ability to accelerate our drilling programme is a pivotal moment for Afentra, marking a clear transition to the execution phase of our organic growth strategy. This opportunity is a direct result of the strong, collaborative partnership we have with Sonangol and the Joint Venture. The funding structure agreed with Sonangol allows us to fast-track the unlocking of significant potential value from both the Pacassa SW area and the Impala field without impacting our 2026 cash capex. This programme is designed to efficiently convert resources into production, growing volumes through our existing infrastructure and delivering tangible value for our shareholders. Crucially, it will also provide invaluable data to de-risk and define future prospectivity across the wider Block 3/05 area, optimising our long-term development plan," said Paul McDade, Chief Executive Officer of Afentra.