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Luanda, 8 December 2014 - Eni has started production of first oil from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo.
The field is currently producing 45,000 barrels of oil per day (bopd) through the N’Goma FPSO, with production ramp-up expected to reach a daily production of up to 100,000 bopd in the coming months. The start-up of the East Hub Development, expected in 2017, will raise overall production from Block 15/06 to 200,000 bpd.
The development project started with a very successful exploration campaign. Having won the international bid round in 2006, in Block 15/06 Eni drilled 24 exploration and appraisal wells, discovering over 3 billion barrels of oil in place and 850 million barrels of reserves. The discoveries were then developed quickly and efficiently, achieving an industry-leading time to market of only 44 months from the Declaration of Commercial Discovery thanks to the application of a new modular development model. Indeed, the West Hub Development entails the sequential start-up of the Sangos, Cinguvu, Mpungi, Mpungi North Area, Vandumbu e Ochigufu fields.
Eni will also continue its exploration programme in Block 15/06: potential discoveries tied in quickly and cost efficiently. A recent example is the Ochigufu discovery, which added 300 million barrels of oil in place and which will be tied in to the N’Goma FPSO within the next two years.
Eni CEO Claudio Descalzi commented: “The start-up of the West Hub in Angola is a milestone in Eni’s upstream activities. Starting from an extraordinary exploration success we have achieved an industry-leading time to market of only 4 years from the declaration of commercial discovery. This result reflects a new, modular, development model which adds value to our strategy of organic growth. The start up of the West Hub is also significant in terms of Eni’s presence in Angola, where are again Operator of a major producing project‘.
This significant achievement is celebrated today in Luanda at a ceremony attended by the Angolan Minister of Petroleum, José Maria Botelho De Vasconcelos, Eni’s Ceo, Claudio Desclazi, President of Sonangol, Francisco de Lemos José Maria, Angolan Oil & Gas industry representatives, and members of Eni’s management.
Eni is operator of the Block 15/06 with a 35% stake and Sonangol EP is the Concessionaire. The other partners of the joint venture are Sonangol Pesquisa e Produção (35%), SSI Fifteen Limited (25%) and Falcon Oil Holding Angola SA (5%).
Angola is a key country in the strategy of organic growth of Eni, which has been present in the Country since 1980 with a daily production in 2013 of 87,000 barrels of oil equivalent.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
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