Agogo oilfield : Eni and partners begin production from offshore Angolan field
Eni and its partners Sonangol P&P, and SSI Fifteen in the offshore 15/06 Block have started production from the Agogo oilfield.
The Italian oil and gas giant said that the offshore oilfield in Angola was brought on stream just nine months following its discovery. Eni said that it was possible through the operational synergies enabled by the Ngoma Floating Production Storage Offloading (Ngoma FPSO) at the West Hub production center, located 15km away.
The start-up of the Agogo oilfield was executed by drilling the Agogo-1 well at a water depth of about 1700 meters.
Eni said that the current production at the offshore oilfield in Angola is nearly 10,000 barrels of oil per day, and is poised to hit 20,000 barrels per day in the coming weeks.
As per preliminary estimates, the Agogo oilfield has more than 650 million barrels of oil in place, with a further potential that will be verified by drilling new delineation wells, said the Italian oil and gas company.
Eni stated: “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 include an early production stage and, after the completion of the appraisal campaign, the subsequent development of the full potential through a new development hub.”
Since 2006, the Italian oil and gas company, through its subsidiary Eni Angola, has been the operator of Block 15/06, with a stake of 36.8421%. Sonangol P&P holds 36.8421% stake, while SSI Fifteen has 26.3158% stake in the offshore Angolan block.
Discoveries that were made in Block 15/06 during the exploration activities made between 2006 and 2014 paved way for the execution of the West Hub and East Hub projects through two floating FPSO platforms, which began production in 2014 and 2017, respectively.
The West Hub and East Hub production hubs are made up of eight fields developed via 42 subsea wells with the total production surpassing 180 million oil barrels by the end of last year.
Eni and its partners, since the second half of 2018, discovered five new fields in the offshore Angolan block after launching a new exploration program. As per preliminary estimates, the Angolan oilfields hold nearly two billion barrels of oil in place, which doubles the figures of the fields that were discovered before and developed by the West Hub and East Hub installations.