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San Donato Milanese (Milan), 8 February 2017 - Eni has started production of the East Hub Development Project, in Block 15/06 of the Angolan deep offshore, ahead of development plan estimates and with a time-to-market among the best in the sector.
Production is taking place through the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel, which can generate up to 80,000 barrels of oil per day and compress up to 3.4 million cubic meters of gas per day. With 9 wells and 4 manifolds at a water depth of 450 meters, the FPSO Olombendo will put into production the Cabaça South East field, 350 kilometers northwest of Luanda and 130 kilometers west of Soyo.
Production from the East Hub Project will add to production from the existing West Hub Project in the Sangos, Cinguvu and Mpungi fields, where another vessel, the FPSO N’Goma, is operating. In total, Block 15/06 will reach a peak of 150,000 barrels of oil per day this year.
“We are proud of what we have achieved in Block 15/06,” said Eni CEO Claudio Descalzi. “Leveraging our extensive experience in exploration, we have been able to discover a total of 3 billion barrels of oil in place through 10 commercial discoveries. Moreover, thanks to strong field development and project management, we are beginning production of the East Hub with a time-to-market of only 3 years, and 5 months ahead of schedule. Cabaça South East brings our number of fields in production to 5, with 2 more expected to start before the end of 2018. This is yet another example of Eni’s Angolan and worldwide capability to deliver state-of-the-art projects, and was made possible by Eni’s new operational model, where we play an increasingly active role in the integrated development of our projects.”
Block 15/06 is operated by Eni with a 36.84% share, while Sonangol Pesquisa e Produção controls 36.84% and SSI Fifteen Limited controls 26.32%.
Eni has been present in Angola since 1980 through its subsidiary Eni Angola. Equity production amounted to 124,000 barrels of oil equivalent per day in 2016.
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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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