Italian oil and gas major ‘Eni’ has started production from Agogo oilfield in Block 15/06, offshore Angola, which was discovered just nine months ago
In July 2019, Eni hit the jackpot of 650 million barrel of oil from the first appraisal well of Agogo, Angola.
Eni‘s start-up takes place just nine months after its discovery because of the subsea tieback to already operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production centre, situated 15km from the oilfield
The start-up was carried out with the drilling of the Agogo-1 well, discovered in March 2019, at a water depth of around 1700 meters.
Current production is around 10,000 barrels of oil per day, and is set to reach 20,000 barrels per day during the next weeks
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According to preliminary estimates, the field holds over 650 million barrels of oil in place, with a further potential that will be verified after the drilling of new delineation wells, as expressed by Eni earlier.
The discoveries occurred in the Block 15/06 during the exploration periods 2006-2011 and 2011-2014 led to the execution of two projects, the West Hub and East Hub, with the installation of two floating FPSO platforms, which started production in 2014 and 2017, respectively. The two production hubs comprise 8 fields developed through 42 underwater wells and the total production exceeded 180 million oil barrels by the end of 2019
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From the second half of 2018, Eni Angola and the JV partners (Sonangol and SSI Fifteen) have launched a new exploration campaign in the Block 15/06 that led to the discovery of 5 new fields that, according to preliminary estimates, contain about 2 billion barrels of oil in place, which doubled the figures of the fields previously discovered and developed by the West Hub and East Hub installations, Eni added.
The Block 15/06 JV is composed by Eni, the operator of the asset with a 36.8421% stake, Sonangol P&P which has 36.8421% and SSI Fifteen Limited who holds the remaining 26.3158%.
Eni has been present in Angola since 1980 and currently accounts an equity production of about 145,000 barrels of oil equivalent per day, confirming the country as strategic for Eni’s organic growth.
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