Eni achieves first oil from Ndungu offshore Angola

Eni has announced the start of production from its Ndungu early production development project on Block 15/06 offshore Angola. The field was discovered in 2019 and is now tied-back to the Ngoma FPSO and is the third startup on the block in only seven months.

The project has an expected production rate of 20,000 barrels of oil per day (bopd) and will help sustain the plateau of the Ngoma FPSO, a unit able to produce up to 100,000 bopd and commissioned back in 2014.

“A further exploration and delineation campaign will be performed in the first half of 2022 with the aim to assess the full potential of the overall asset of Ndungu,” Eni said.

This is the second tie-back to the N’Goma FPSO following Agogo in early 2020. Eni has been leading a successful infrastructure-led exploration strategy on Block 15/06 for a couple of years and keeps successfully putting any new discovery into production in record time by using its two FPSOs on the block, N’Goma and Olombendo.

Block 15/06 is operated by Eni Angola (36.84%) along with partners Sonangol E&P (36.84%) and SSI Fifteen Ltd (26.32%). In June 2021, Sonangol officially launched its divestment process under which it notably seeks to sell up to 10% of its interest in the license.

A total of 36.2m barrels were exported from Block 15/06 last year according to the Ministry of Finance, representing a daily average of almost 100,000 bopd. As of December 2020, 142.2m barrels had been produced from the West Hub (N’Goma FPSO) with remaining reserves estimated at 174m barrels, while 85.7m barrels had been produced from the East Hub (Olombendo FPSO) where remaining reserves were estimated at 159.8m barrels.

In parallel to its subsea tie-back projects on the license, Eni is also advancing plans for the full development of the Agogo discovery with a third production hub. Tenders were issued in July 2021 for a project targeting a peak production of 120,000 bopd via the installation of a third FPSO unit on the block.

Full details on Block 15/06 offshore Angola are available in the “Projects” section within your Hawilti+ research terminal.

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