Italy’s Eni said on Wednesday that it started production at an offshore Angola field five months ahead of schedule.
Eni started production of the East Hub Development Project located in the deepwater Block 15/06 off the coast of Angola.
Eni said the start up was “ahead of development plan estimates and with a time-to-market among the best in the sector.”
Production at East Hub is taking place through the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel.
The FPSO can generate up to 80,000 barrels of oil per day and compress up to 3.4 million cubic meters of gas per day.
The FPSO has nine wells and four manifolds at a water depth of 1,476 feet.
Eni said the FPSO Olombendo will put the Cabaça South East field into production.
The Cabaça South East is located about 217 miles northwest of Luanda and 80 miles west of Soyo.
Production from the East Hub Project will add to production from the existing West Hub Project in the Sangos, Cinguvu and Mpungi fields where the FPSO N’Goma is operating.
Eni said that, in total, Block 15/06 will achieve a peak production level of 150,000 barrels of oil per day this year.
Block 15/06 is operated by Eni with a 36.84 percent share.
Sonangol Pesquisa e Produção holds a 36.84 percent stake and SSI Fifteen Limited holds a 26.32 percent share.
Eni’s equity production in Angola came in at 124,000 barrels of oil equivalent per day in 2016.
“Leveraging our extensive experience in exploration, we have been able to discover a total of 3 billion barrels of oil in place through 10 commercial discoveries. Moreover, thanks to strong field development and project management, we are beginning production of the East Hub with a time-to-market of only 3 years, and 5 months ahead of schedule,” Eni CEO Claudio Descalzi said.