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Tuesday, December 9, 2014
First oil was achieved at the West Hub Development Project on Angola’s Block 15/06 where ENI is the operator. The field is currently producing 45,000 bpd through the N’Goma FPSO, with production ramp-up expected to reach a daily production of up to 100,000 bpd 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 and Ochigufu fields.
The Italian firm plans to continue its exploration program in Block 15/06 with 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 field FPSO within the next two years.
Company 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 four 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.”
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