Oil Review Africa 2 2015

Page 69

S16 ORA 2 2015 - ICT_Layout 1 17/04/2015 12:42 Page 69

Project Databank Compiled by Data Media Systems

Project Summary Project Name

ENI - SONANGOL - Block 15/06 Development

Name of Client

ENI, Sonangol

Budget (US$)

500,000,000

Facility Type

Oil & Gas Field

Status

Construction

Start Date

Q4-2006

End Date

Q1-2017

Location

Block 15, Angola

Project Status Feb 2015

Dyna-Mac has been awarded of approximately US$60mn for the construction of six units of FPSO topsides modules that will be deployed at Eni's Block 15/06 East Hub field.

Jan 2015

Eni requested a three-year extension from the Angolan authorities in order to complete the exploration activities already identified: the three-year plan envisages the drilling of three wells and 1,000 sq km of 3D seismic.

Jan 2015

SBM Offshore has received formal Production Readiness Notice (PRN) for N'Goma FPSO from its client Eni, operator of Block 15/06 to receive crude offshore Angola.

Dec 2014

FMC Technologies has been awarded a contract from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of US$393mn in revenue.

Dec 2014

Eni has started production of first oil from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, the start-up of the East Hub Development, expected in 2017.

Nov 2014

Eni expects to bring the deepwater block 15/06 West Hub project on stream by the end of December.

Nov 2014

Bumi Armada will supply FPSO for work at Block 15/06, East Hub in October 2016.

Oct 2014

Keppel has started work for Bumi Armada to convert an FPSO for block 15/06 East Hub project, the yard will perform upgrading of the living quarters to accommodate 100 personnel, and installing an external turret mooring system and topsides process modules.

Sep 2014

The tenth commercial oil discovery has already been made in Block 15/06, the Ochigufu 1 NFW well is located at 150 km off the coast and 9.8 km from the Ngoma FPSO (West Hub). The new discovery is estimated to contain 300mn barrels of oil in place.

Aug 2014

Bumi Armada has been awarded US$2.9bn contract for the charter, operation and maintenance of a floating production, storage and offloading vessel (FPSO) from Eni for Angola block 15/06.

Project Finance The project is operated by Eni. The company has a 35 per cent working interest in the block. The other shareholders are: Sonangol 15 per cent Falcon Oil 5 per cent SSI Fifteen 20 per cent Petrobras 5 per cent TEPA Total 15 per cent Statoil Angola AS 5 per cent

Project Schedules Q1-2017

Completed

Project Scope

Development of Block 15/06, about 350 km North of Luanda. Block 15/06 is situated within the Lower Congo Basin, off the coast of Angola. It covers approximately 2,984 sq km in water depths ranging between 300 and 1,600 metres. The development of four offshore deepwater fields (Sangos, Ngoma, Cinguvu & Nzanza) with a total of 18 wells (12 producers and 6 water/gas injectors wells). Oil exported through turret moored FPSO - 100 kbopd treatment capacity and 1.7mn bbls liquid storage.

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Oil Review Africa Issue Two 2015 69


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