Two big updates from Eni in Asia, Africa

Eni announces that the first batch of export crude oil has been shipped from the onshore processing plant of the giant Kashagan oil field, that recently re-opened.
Eni declared that production is expected to gradually increase up to a first level of 180,000 barrels per day, with a target level of 370,000 barrels per day to be achieved by the end of 2017. The giant oilfield is located in the North Caspian Sea, approximately 80 kilometers southeast of Atyrau, in Kazakhstan.
Kashagan is one of the largest oil fields discovered in the last 40 years, with estimated reserves of 35 billion barrels of oil in place.
Considering the size, the specifications, the environmental and logistical characteristics, Kashagan is one of the most complex and challenging industrial project worldwide, Eni’s stake in this field is 16.81%.
Thousands kilometers away from Kazakhstan, the naming ceremony of the “Armada Olombendo” floating production, storage and offloading (FPSO) vessel was held on oct. 15th in Singapore. The FPSO shall operate in Block 15/06, offshore Angola, for the East Hub Development Project. The vessel will soon be ready to sail to its final destination where, once in position, will commence mooring and hook-up operations, where Eni and its partners reached a key milestone towards achieving the first oil from East Hub Development Project, which is planned by the first half of 2017. This follows the successful stream of start-ups in the West Hub Project, in the same Block 15/06, which is the only Block of those awarded in the 2006 bid round that has achieved production.
The East Hub Development Project encompasses 9 subsea wells, of which 5 are producers and 4 are water injectors, in water depth ranging between 450 and 550 metres. The hydrocarbons which are produced from these wells will be transported via a pipeline system to the FPSO to be treated and stored prior to export.
Eni is the Operator of Block 15/06 with a 36.84% stake.