14 January 2015, News Wires – Eni says it has started production from the West Hub Development Project’s Mpungi field, which is located within Block 15/06 offshore Angola.
The start-up of Mpungi field, which follows the West Hub’s first oil from the Sangos field in November 2014 and the Cinguvu field in early April 2015, will ramp-up production to approximately 100,000 barrels of oil per day in the first quarter of this year. Commenting on the production start-up,
Eni’s CEO Claudio Descalzi said in a company statement: “The third start-up milestone of the West Hub Development Project has been achieved both on budget and on schedule. This achievement reflects our ability to deliver major projects and confirms our excellent track record in terms of efficiency, technology and innovation.”
The West Hub Development Project comprises the development of the Sangos, Cinguvu, Mpungi, Mpungi North, Ochigufu and Vandumbu fields. Eni has been present in Angola since 1980 with a net production of around 105,000 barrels of oil equivalent per day.
Eni is the operator of Block 15/06 with a 36.84 percent stake. Sonangol Pesquisa e Produção also holds a 36.84 percent interest and SSI Fifteen Limited holds the remaining 26.32 percent stake. Block 15/06 also includes the East Hub Development Project, which is under development and will start producing in 2017.