ITALIAN FIRM CONFIRMS OIL BREAKTHROUGH IN TWO AFRICAN COUNTRIES

Adedayo Osho, Abuja Bureau Chief

Italian oil conglomerate, Eni, is on track to launch its two-million-ton Republic of Congo based liquefied natural gas (LNG) project in 2023, CEO Claudio Descalzi confirmed.

The project – which will source gas from the shallow water Marine XII area – will consist of two modular and flexible liquefaction plants, and will be launched in two phases. Upon completion, the project will deliver gas for domestic power generation and LNG export.

Descalzi assured that "Together, the modular and flexible liquefaction plants will reach nearly 2 million tonnes per annum of liquefaction capacity at plateau." 

In a related progress, Eni started production from Ndungu Early Production (EP) development project, in Block 15/06 of the Angolan deep offshore, via the Ngoma Floating Production Storage and Offloading (FPSO) vessel.

The start-up of Ndungu EP is yet another example of how Eni Angola, in full cooperation with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and partners, keeps creating value on Block 15/06 through its Infrastructure-Led Exploration strategy, generating a pipeline of fast-track subsea tie-backs, thus maximizing the utilization of existing facilities in the area in a sustainable manner.