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ANPG AND ENI RESUME NORTH CABAÇA DEVELOPMENT PROJECT IN BLOCK 06/15

The National Agency for Petroleum, Gas and Biofuels (ANPG), the National Concessionaire, and the Italian operator Eni confirm the entry into production of the Cabaça Norte development project , in Block 15/06, located in Angolan deep waters, through the Armada Olombendo floating production, storage and transfer unit (“FPSO”) .

The development of Cabaça Norte, with an expected production peak of around 15,000 barrels of oil per day (KBOPD), will increase and sustain the Armada Olombendo plateau , a zero process discharge and flaring FPSO, with a global capacity of 100,000 barrels of oil per day.

The start-up of Cabaça Norte is yet another example of how Eni Angola and its partners, under the aegis of ANPG, continue to create value in Block 15/06 through their infrastructure exploration strategy, generating an effective underwater link line and maximizing the use of existing facilities in the area in a sustainable way.

This is the second announcement of the start of production made by Eni Angola in 2021, after having anticipated production from the Cuica field in July.

A third is expected in the coming months, with the early start-up of production from Ndungu, in the western area of ​​Block 15/06.

Block 15/06 is operated by Eni Angola with a share of 36.84%. Sonangol Pesquisa & Produção (36.84%) and SSI Fifteen Limited (26.32%) make up the remaining Contractor Group.

Eni Angola is also the operator of the exploration blocks Cabinda Norte, Cabinda Centro, 1/14 and 28, as well as the New Gas Consortium (NGC). It also has stakes in non-operated Blocks 0; 3/05; 3/05; 14; 14K/A-IMI; 15 and in Angola LNG.

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