Italian oil and gas company Eni has announced that a floating, production, storage and offloading (FPSO) vessel is ready to begin operations in the East Hub Development Project.

The vessel was named ‘Armada Olombendo’ in a naming ceremony.

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This FPSO will operate in Block 15/06, offshore Angola, in the East Hub Development Project. It will soon sail to its final destination where it will start mooring and hook-up operations after positioning itself.

It is a key milestone in the East Hub Development Project, which is expected to deliver first oil by the first half of 2017.

"The East Hub Development Project comprises nine subsea wells."

It follows the successful streak of start-ups in the West Hub Project, located in the same Block 15/06. It was the only block to get awarded in 2006 bid round to achieve production.

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The East Hub Development Project comprises nine subsea wells, with five being producers and four water injectors with a depth around 450m to 550m.

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Hydrocarbons produced from these wells will be transported through a pipeline system to the FPSO for treatment and storage before getting exported to different clients.

Eni holds 36.84% stake in the Block 15/06. The other partners are Sonangol Pesquisa e Produção and SSI Fifteen Limited with 36.84% and 26.32% stakes respectively.

Eni has been working at Angola since 1980. Currently, its net production touches 135,000 barrels of oil equivalent a day.