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San Donato Milanese (Milan), 29 April 2015 - Eni started production two weeks ahead of schedule at the Cinguvu oil field, 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 start-up follows the achievement of West Hub’s first oil through Sangos field start-up, during last November 2014.
The West Hub Development Project encompasses the development of Sangos, Cinguvu, Mpungi, Mpungi North and Vandumbu fields in a water depth ranging from 1,000 to 1,500 meters. The wells are arranged in clusters and connected to the FPSO (Floating Production Storage and Offloading Unit) N’Goma, which has a treatment capacity of 100,000 barrels of oil per day.
The two fields on stream, Sangos and Cinguvu, are currently producing about 60,000 barrels of oil per day (18,000 bopd Eni’s equity) through the N’Goma FPSO. Production is envisaged to ramp up to 100,000 barrels of oil per day in the last quarter of 2015 with the start-up of the third field, Mpungi, which will also be connected to N’Goma FPSO.
The development project started with a very successful exploration campaign. Eni discovered over 3 billion barrels of oil in place in the Block 15/06 . 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.
"This is indeed another important step within the innovative hub-building strategy at the base of our success in Block 15-06 in Angola. A second field, Cinguvu, came on stream on time and on budget, after Sangos in November 2014, confirming our excellent track record in terms of efficiency, technology and innovation", CEO Claudio Descalzi commented.
Eni is also continuing its exploration programme in Block 15/06: new discoveries are expected to be tied to the existing production infrastructures quickly and cost efficiently.
Eni is operator of 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, where the company has been present since 1980. Eni’s daily production in Angola currently amounts to 105,000 barrels of oil equivalent per day.
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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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