Eni to expand its operations in Angola

ENI AngolaClaudio Descalzi, CEO of Eni, has met with João Gonçalves Lourenço, the President of the Republic of Angola, to discuss Eni’s operational activities and initiatives in the country to enhance access to energy and socio-economic development

In February 2017, Eni commenced production five months ahead of schedule from the East Hub Development Project in Block 15/06, where Eni holds a share of 36.84 per cent, Sonangol Pesquisa e Produção 36.84 per cent and SSI Fifteen Limited 26.32 per cent, in Angola’s deep offshore.

The accelerated ramp-up, the reliability of the new East Hub facility and the performance of the West Hub fields which already were in production, contributed to achieving the plateau of 150,000 bopd in a short period of time, said Eni.

Eni further stated that two other projects in the execution phase, Ochigufu and Vandumbu, are expected to be launched in the first half of 2018 and in the second half of 2019 respectively. These projects, together with a new submarine pumping system that will be launched in the second half of 2018, are considered to add around 54,000 bod to current production levels.

In addition, Eni said that the exploration rights on Block 15/06 were extended until 2020, thereby allowing the Italian oil and gas manufacturer to exploit the full near-field exploration potential in an extremely prolific basin.

According to the company, this strategy focus on enabling a fast-track development of the reserves by leveraging on synergies with existing infrastructure and reducing the time-to-market.

Eni is further developing initiatives to monetise the gas resources discovered in Angola in order to support the domestic market and power production. The company is also collaborating with Sonangol in the downstream sector, with an aim to improve efficiency of the existing refineries and to support development of future plants.

Recently, Descalzi also visited Nana Addo Dankwa Akufo-Addo, the President of the Republic of Ghana, to discuss its operational activities in the West African nation.

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