ENI Brings Abo Central Field Onstream

Eni, through its subsidiary Nigerian Agip Exploration Ltd., has commenced oil production from Abo Central Field, located offshore Nigeria in the deepwaters of the northwestern sector. Abo Central was developed in a water depth ranging between 500 meters and 800 meters and is the first producing Nigerian deepwater oil field.

The field's production, which will reach a plateau of 30,000 barrels per day of good quality oil in the next six months, will be increased in a subsequent phase up to 45,000 bopd.

Production will be obtained via a leased FPSO for process, storage and discharge of oil into export tankers.

Abo FPSO has a storage capacity of 900,000 barrels of oil and oil treatment capacity of up to 45,000 bopd, a water injection capacity of 30,000 bwpd and a gas injection capacity of 35 MMSCFD.

In line with the Government's and Eni's guideline of "zero flaring", the associated gas will be re-injected into the reservoir. The field exploration strategy envisages a water injection campaign that, together with the gas injection, will optimize the final recovery of crude oil.

The Field Development Plan was approved in May 2001 and the Final Investment Decision was taken in December 2001, 15 months from today's first oil.

Partners in the development are Nigerian Agip Exploration as operator with a 50.19% stake; NNPC and Shell Nigeria Exploration and Production Company (SNEPCO) as co-venturers holding a 49.81%.