The national oil companies (NOCs), Eni from Italy and Sonangol from Angola, together with the local joint venture Sonangol – Sinopec called SSI Fifteen limited (SSI Fifteen) intend to develop their recent discovery Agogo in the Block 15/06 offshore Angola on fast-track as a stand alone project as a floating, production, storage and offloading (FPSO) vessel.

In March 2019, Eni announced a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola deep water.
The new discovery should contain between 450 and 650 million barrels of light oil in place with further upside.
The working interests in the Block 15/06 Joint Venture are shared between :
Agogo is located approximately 180 kilometers offshore the northern coast of Angola in a water depth of 1,636 meters and a total depth of 4,450 meters.
Eni and its partners are currently implement an early production system in order to better understand the reservoir.
This early production system will rely on a tie-back to the 20 kilometers far Eni-operated N’Goma FPSO.
This N’Goma FPSO is currently running at its maximum capacity of 150,000 barrels per day (b/d). But it is not able to handle an additional 15,000 b/d production to come from Agogo.
Therefore Eni and its partners are already considering to develop Agogo as a standalone project.
In respect with the location and the expected production capacity, Eni is opting for a FPSO vessel.
While Eni is appraising Agogo Block 15/06 for better evaluation of the reserves, it should award the front end engineering and design (FEED) contract for this FPSO on Q4 2019 or Q1 2020 in order to sanction the engineering, procurement, construction, installation and commissioning (EPCIC) contract in 2021.

— February 2020 —
From the previous reserves estimations at 650 million barrels, Eni and its partners have declared 1 billion barrels after last appraisal.
This good news is favoring the interest to move forward in 2020 on the FEED work for establishing a standalone new production hub in Agogo.
— August 2021 —
Eni has invited to bid (ITB) engineering companies for the three EPC packages of the project:
- FPSO
- Subsea umbilicals, risers and flowlines (SURF)
- Subsea production system (SPS)
Regarding the FPSO, four companies are in the competition:
- Modec from Japan
- Saipem from Italy
- SBM Offshore from Netherlands
- TechnipEnergies
- Yinson from Malaysia
This FPSO may be a new-build, a converted one or a converted tanker as long as it can run for a 20 years period.
The percentage of local content will be considered for the final decision.
Eni and its partners should award the EPC packages by 2022.
— July 2022 —
Eni has decided to lease the FPSO instead of purchasing it.
With this business model, the 120,000 b/d FPSO to be leased on a 20-year period attracted only three bidders:
- Bumi Armada from Malaysia
- Saipem from Italy with MISC from Malaysia
- Yinson from Malaysia
These bidders are completing their respective FEED and should submit their offer on coming months.
The project execution should start on early 2023.
— September 2022 —
Eni awarded the EPC work to build the FPSO to Yinson.
If you are interested by project information, www.ProjectSmartExplorer.com is made for you.
Project Smart Explorer covers all the project of Oil & Gas, Petrochemical and Energy Transition around the planet to help you capture more business.
Ask your demo at this link
