January 17, 2020 / 9:58 AM / a month ago

UPDATE 1-ENI's Agogo oilfield in Angola begins output at 10,000 bpd

(Adds details, background)

LONDON, Jan 17 (Reuters) - ENI has started production at its Agogo oilfield offshore Angola at 10,000 barrels per day (bpd), state news agency Angop reported late on Thursday, and output is expected to double in the coming months.

The Agogo field was Angola’s largest offshore discovery in years and could help slow years of production declines in Africa’s second-biggest exporter.

ENI, which has been in Angola since 1980, will be the operator of the field with a 36.8% stake, the same as Angola’s state-owned Sonangol. SSI Fifteen Ltd has 26.3%.

Angola, a member of the Organization of the Petroleum Exporting Countries, is a key location for the Italian state-controlled oil company. (Reporting by Noah Browning; Editing by Jason Neely and Susan Fenton)

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