Eni starts the Ndungu EP development project in the western area offshore Angola

Eni has started production of the Ndungu Early Production (EP) development project, in Block 15/06, in the deep waters of Angola, through the Ngoma floating production, storage and discharge unit (FPSO).

The launch of Ndungu EP is another example of how Eni Angola, in full collaboration with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and all partners, continues to create value from Block 15/06 through its strategy of “infrastructure-led” exploration, generating a series of submarine connections in rapid sequence, thus maximizing the use of existing structures in the area in a sustainable manner.

Ndungu EP, with an expected production of approximately 20.000 barrels of oil per day (bopd), will support the plateau of the FPSO Ngoma, designed to have a treatment capacity of approximately 100.000 barrels of oil per day and characterized by a "zero process" operating philosophy. flaring ”and“ zero water discharge ”also thanks to the plant upgrades carried out in 2021 to minimize emissions, in line with Eni's decarbonisation strategy for zeroing emissions.

A further exploration and delineation campaign will be carried out in the first half of 2022 with the aim of evaluating the full potential of Ndungu.

Ndungu EP is the third start of production carried out by Eni Angola in Block 15/06 in the last 7 months, after those of Cuica Early Production and Cabaca North Development Project.

Block 15/06 is operated by Eni Angola with a 36,84% stake. Sonangol Pesquisa and Produção (36,84%) and SSI Fifteen Limited (26,32%) make up the rest of the Joint Venture. In addition to Block 15/06, Eni is the operator of the Cabinda North, Cabinda Centro, 1/14 and 28 exploration blocks as well as the New Gas Consortium (NGC). In addition, Eni has investments in non-operated blocks 0 (Cabinda) non-operated, 3/05, 3 / 05A, 14, 14 K / A-IMI, 15 and in Angola LNG.

Eni starts the Ndungu EP development project in the western area offshore Angola

| Economics, EVIDENCE 3 |