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    UPI: Eni brings more oil online offshore Angola

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Summary

The start of a new development project in deep Angolan waters should yield 100,000 barrels of oil per day in the coming months

by: Sruthi

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Press Notes, Africa

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UPI: Eni brings more oil online offshore Angola

The start of a new development project in deep Angolan waters should yield 100,000 barrels of oil per day in the coming months, Italian energy company Eni said.

The company announced the start of oil production from its so-called West Hub Development in the deep waters off the coast of Angola. Eni said the new development should translate to production of up to 100,000 bpd.

"The start-up of the West Hub in Angola is a milestone in Eni's upstream activities," Eni Chief Executive Officer Claudio Descalzi said in a Monday statement.

Angola is a member of the Organization of Petroleum Exporting Countries. OPEC said Angola has proven crude oil reserves of 9 billion barrels and 9.7 trillion cubic feet of natural gas.
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