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January 20, 2020

Eni begins production at Agogo oil field offshore Angola

Italian oil and gas firm Eni has begun production at the Agogo oil field in the 15/06 Block in offshore Angola.

By Himaja Ganta

Italian oil and gas firm Eni has begun production at the Agogo oil field in the 15/06 Block in offshore Angola.

This comes nine months after the company discovered it.

The Ngoma floating production, storage and offloading (FPSO) vessel brought the oil prospect online. The vessel presently sits 15km from the oil field.

Agogo oilfield currently operates at a capacity of around 10,000 barrels per day (bpd).  Eni intends to increase production to 20,000bpd in the near future.

With Eni operating the field, the Block 15/06 is a joint venture (JV) comprising Eni (36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen (26.3158%).

The company said: “The record time set for the field to become operational, nine months after its discovery last March, confirms Eni’s successful endorsement of the fast track model in the development of its discoveries, a strategy based on operational synergies with already existing infrastructure that maximises projects value.

“The strategy is enabled by a phased field setup, which includes an early production stage and, after the completion of the appraisal campaign, the subsequent development of the full potential through a new development hub.”

In July, Eni made a fifth light oil discovery in Block 15/06.

The company also made a major oil discovery in Block 15/06 of the Agogo oil field, through the Agogo-1 NFW well, in the same year.

Eni also said that it has received a new exploration and production licence in the Namibe basin in offshore Angola. The National Agency of Petroleum, Gas and Biofuels of Angola (ANPG) issued the license.

ANPG awarded the right to exploration and production in the Block 28 following an international competitive bid round in 2019.

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