Italy’s Eni celebrated first oil Wednesday from its Cinguvu oil field in offshore Angola, the second field to go online as part of the West Hub Development Project.
Cinguvu started production two weeks ahead of schedule and is located in Block 15/06, about 217 miles northwest of Luanda and 81 miles west of Soyo.
The start-up follows the achievement of West Hub’s first oil at the Sangos field last November.
The West Hub Development Project includes the development of Sangos, Cinguvu, Mpungi, Mpungi North and Vandumbu fields in water depths ranging from 3,281 to 4,921 feet.
The wells are arranged in clusters and connected to the FPSO N’Goma that has a treatment capacity of 100,000 barrels of oil per day.
The two fields currently on stream, Sangos and Cinguvu, are producing about 60,000 barrels of oil per day, 18,000 bopd to Eni, through the N’Goma FPSO.
Production is expected to ramp up to 100,000 barrels of oil per day in the last quarter of 2015 with the start-up of the third field, Mpungi, that will also be connected to N’Goma FPSO.
Eni estimates that Block 15/06 holds over 3 billion barrels of oil in place.
The company currently produces 105,000 barrels of oil equivalent per day from its assets in Angola.
Eni is also continuing its exploration program in Block 15/06 with new discoveries expected to be tied to the existing production infrastructures.
“This is indeed another important step within the innovative hub-building strategy at the base of our success in Block 15-06 in Angola. A second field, Cinguvu, came on stream on time and on budget, after Sangos in November 2014, confirming our excellent track record in terms of efficiency, technology and innovation”,” CEO Claudio Descalzi commented.
Eni is operator of Block 15/06 with a 35 percent stake and Sonangol EP is the Concessionaire.
Angola-based Sonangol Pesquisa e Producao holds a 35 percent stake, Angola-based SSI Fifteen Limited holds a 25 percent stake and Falcon Oil Holding Angola holds a 5 percent stake.