ENI Group increases oil production in Angola

9 February 2017

Italian group ENI has started drilling for oil in a new field of block 15/06 in the Angolan sea, called Cabaça Sudeste, five months ahead of schedule and only three years after the start of proceedings, the group said in a statement issued on Wednesday in Milan.

With the entry into operation of this new field, the Italian group will be able to extract 150,000 barrels of oil per day from block 15/06.

Production in this field makes use of the Armada Olombendo Floating Production, Storage and Offloading Unit (FPSO), which can store 80,000 barrels of oil per day and compress up to 3.4 million cubic metres of gas per day.

The FPSO Armada Olomendo was built in Singapore, where it was named on 14 October 2016.

Angolan oil company Sonangol and ENI in February announced the start of production in the Mpungi field in deep waters 350 kilometres northeast of Luanda, raising block 15/06’s output at the time to 100,000 barrels per day.

The Italian group is the block 15/06 operator, with a share of 36.84%, and its partners are Sonangol Pesquisa e Produção (36.84%) and SSI Fifteen Limited (26.32%). (macauhub)