Azule Power Holdings Ltd – Eni SpA and BP PLC’s 50-50 three way partnership in Angola – and its companions have began producing oil within the “Ndungu full-field”, a part of the Agogo Built-in West Hub Undertaking within the waters of the Central African nation.
Ndungu is designed to provide as much as 60,000 barrels of oil a day, with seven manufacturing wells and 4 injection wells, Italian state-backed vitality main Eni stated in an internet assertion.
“The phased integration of Agogo Built-in West Hub Undertaking, with Ndungu full area producing first through N’goma FPSO [floating production, storage and offloading vessel] and later through Agogo FPSO, will guarantee sustained long-term manufacturing from Block 15/06 and contribute meaningfully to Angola’s nationwide output, in step with the nation’s strategic petroleum targets”, Eni stated. “Collectively, Agogo and Ndungu count on to achieve a peak output of roughly 175,000 barrels per day throughout the 2 fields”.
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Integrated three way partnership Azule, primarily based in Luanda, operates Block 15/06, within the Decrease Congo Basin, with a 36.84 % stake. Sociedade Nacional de Combustíveis de Angola EP owns 36.84 %. China Petroleum and Chemical Corp holds 26.32 %.
Earlier this month Azule declared a brand new oil discovery in Block 15/06, with an preliminary estimate of about 500 million barrels.
“The Algaita-01 outcomes construct on an extended profitable observe report of twenty-two discoveries, as soon as once more confirming the distinctive effectiveness of the petroleum system in Block 15/06”, Azule chief government Joe Murphy stated in a press launch February 14.
“The presence of a number of close by producing amenities additional enhances the worth of this new exploratory success”.
The nicely sits roughly 18 kilometers (11.18 miles) from the Armada Olombendo FPSO in the identical block, based on the homeowners.
The newest discovery confirmed oil-bearing sandstones in Higher Miocene reservoir intervals, Azule stated. “Preliminary interpretation of wireline logging and fluid sampling signifies the presence of a number of reservoir intervals with glorious petrophysical properties and fluid mobilities”, it stated. The nicely had a water depth of 667 meters (2,188.32 ft), Azule stated.
Azule, which owns over a dozen licenses in Angola and an curiosity in Block 2914A in neighboring Namibia, says it produces round 200,000 barrels of oil equal per day. It additionally owns a 27.2 % stake in Angola LNG, which has a declared manufacturing capability of 5.2 million metric tons each year.
To contact the creator, electronic mail jov.onsat@rigzone.com
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