{"id":139390,"title":"Afentra Makes Significant Pacassa SW Oil Discovery in Angola","publisher":"Share Talk","author":"sharetalk","published":"2026-08-11T08:40:52+00:00","modified":"2026-08-11T08:40:52+00:00","canonical_url":"https://www.share-talk.com/afentra-makes-significant-pacassa-sw-oil-discovery-in-angola/","markdown_url":"https://www.share-talk.com/afentra-makes-significant-pacassa-sw-oil-discovery-in-angola.md","json_url":"https://www.share-talk.com/afentra-makes-significant-pacassa-sw-oil-discovery-in-angola.json","category":"Energy","categories":["Energy"],"tags":["AET","Afentra","Afentra plc","Africa","Block 23","Block 3/05","crude oil","gas","Kwanza","Licenses","oil","onshore","Paul McDade","sales","upstream"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/HPbT_1LW0AACYAL.jpg?fit=1200%2C603&ssl=1","format":"news","language":"en-GB","content":"[Afentra plc (AIM: AET)](https://www.investegate.co.uk/announcement/rns/afentra--aet/operational-update-/9714326)has announced a significant oil discovery at **Pacassa SW offshore Angola**, alongside the successful restart of the Impala-1 well and further progress across its Angolan portfolio.\n\nThe Pacassa SW well encountered **136 metres of net oil pay** within a 217-metre hydrocarbon-bearing interval, with reservoir quality supporting the pre-drill production estimate of around **5,000 barrels of oil per day gross**.\n\nInitial results also support Afentra’s estimate that the wider Pacassa SW structure could contain **up to 70 million barrels of gross recoverable resources**, equivalent to around 23 million barrels net to Afentra, subject to further evaluation.\n\nThe well is now being completed for production and connected to existing Pacassa infrastructure, with **first oil expected during Q3 2026**.\n\n**Highlights**\n\n*Pacassa SW – Successful oil discovery, net pay 136 metres, reservoir quality supports pre-drill estimate of 5000 bopd (gross)*\n\n*Impala-1 – Production re-established around ~ 3000 bopd (gross) following light well intervention*\n\n*Impala- 2 – Rig expected to move to Impala-2 post Pacassa SW, results expected end Q4*\n\n*Block 3/24 – Innovative operating approach reduces survey cost by around 90%*\n\nElsewhere, **Impala-1 has successfully returned to production after being shut since 2017**. The well tested at up to 4,700 bopd and is currently producing around **3,000 bopd gross**.\n\nThe next Impala development well, **Impala-2**, is expected to target initial production of approximately 4,000 bopd, with results anticipated by the end of Q4.\n\nAfentra also completed its first operated offshore campaign on **Block 3/24** for approximately **$60,000**, compared with conventional industry costs of $500,000-$1 million.\n\nChief Executive **Paul McDade** described Pacassa SW as a major milestone and said the discovery provided “clear proof of concept” for Afentra’s organic growth strategy in Angola."}