Eni's Armada Olombendo FPSO vessel ready for operations offshore Angola

SINGAPORE -- Eni announces that the naming ceremony of the Armada Olombendo FPSO vessel was held today in Singapore. The FPSO shall operate in Block 15/06, offshore Angola, for the East Hub Development Project. The vessel will soon be ready to sail to its final destination where, once in position, it will commence mooring and hook-up operations.

Today, Eni and its partners reached a key milestone towards achieving the first oil from East Hub Development Project, which is planned by the first half of 2017. This follows the successful stream of start-ups in the West Hub Project, in the same Block 15/06, which is the only Block of those awarded in the 2006 bid round that has achieved production.

The East Hub Development Project encompasses nine subsea wells, of which five are producers and four are water injectors, in water depth ranging between 450 m and 550 m. The hydrocarbons, which are produced from these wells, will be transported via a pipeline system to the FPSO to be treated and stored prior to export.

Eni is the operator of Block 15/06 with a 36.84% stake. The other partners in the joint venture are Sonangol Pesquisa e Produção (36.84%) and SSI Fifteen Limited (26.32%).

Eni has been present in Angola since 1980, with net current production of 135,000 boed.