By Giulia Petroni

Eni SpA (ENI.MI) said Friday that it has started production at its Agogo oilfield offshore Angola.

The Italian oil-and-gas company said current production at the field is around 10,000 barrels of oil a day and production is set to reach 20,000 barrels a day in the next weeks.

Agogo--which is located in the 15/06 Block in Angolan water--was discovered in March 2019, Eni said. According to the company's preliminary estimates, it holds over 650 million barrels of oil.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

January 17, 2020 04:46 ET (09:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Eni (BIT:ENI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Eni Charts.
Eni (BIT:ENI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Eni Charts.