ENI inks Angola East Hub FPSO

August 21, 2014

ENI has confirmed a contract with Malaysia's Bumi Armada for an FPSO to be used on its deepwater East Hub field, in Block 15/06 offshore Angola. 

The contract, worth in total about US$3 billion, is a 12 year charter with eight yearly options and follows a letter of intent agreed by ENI in March this year. 

East Hub will produce the Cabaca North and South-East discoveries in Block 15/06 through 10 subsea wells tied back to the FPSO. Peak production is estimated at about 17,000bbl/d net to ENI. Further development studies are planned to tie in other nearby discoveries, including the Lira gas discovery. 

Bumi Armada will convert a very large crude carrier class tanker for East Hub. It will have an external turret and mooring system, connected to 18 risers and umbilicals. The FPSO will have 1.8MMbbl storage capacity, 80,000bo/d oil production capacity, and ability to inject 120,000bbl/d water. It will also be able to handle 120,000MMscf/d natural gas. 

Bumi described the FPSO as being fourth generation, with 15,000-tonne topside weight. It will be moored in 450m water depth. 

The 15/06 FPSO will take Bumi Armada's total FPSO fleet to nine vessels (including a letter of intent for the Madura BD field). 

The FPSO is expected to start operations on the field in Q4 2016. 



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