Egina FPSO to begin final journey to oil field in offshore Port Harcourt—DMD
Having completed all needed fittings and fabrications driven by local content both in Lagos LADOL facility and another yard facility in Port Harcourt, all is set for the final journey of the multibillion dollar Egina Floating Production Storage Offloading (FPSO) to its home, the Egina oil field in offshore Port Harcourt.
This was made public by the Deputy Managing Director (DMD), Deep Water at Total Exploration and Production Nigeria, Ahmadu-Kida Musa, at National Oil and Gas Conference in Abuja.
Giving further delivery specifications of the facility, he said the $3.3 billion Egina FPSO with 200,000 barrels per day capacity would account for 10 per cent of Nigeria’s crude oil production.
Business Hilights recalls that Egina FPSO had the detailed engineering of its topsides executed in-country after it arrived from South Korea, by Samsung with a consortium of Nigerian engineering companies.
Musa added that “Egina is the latest of Total’s deepwater developments and the third project of its kind developed by Total in Nigeria, after Akpo and Usan. These projects have brought progressive increase in levels of Nigerian Content and this is well illustrated by the percentage of total project workload performed in Nigeria: from 44 percent for Usan, Total recorded 60 per cent for Akpo and now 77 per cent will be achieved for Egina, just before the FPSO sails away from the SHI-MCI Yard in LADOL Island, Lagos where it is currently moored for topsides integration works.”
“It is the deepest offshore development carried out so far in Nigeria, in water depths of over 1,500 metres and the project is designed to produce 200,000 barrels per day of oil at plateau.
“In addition to the oil, the Egina field will produce gas. Associated gas will be partly re-injected into the reservoir to maintain reservoir pressure, and partly channelled to supply the domestic gas market.”
Though there had been issues raised by the National Assembly on its cost and planned revaluation which the lawmakers had continued to tackle, saying the number of time it has been revalued has become questionable considering what it will take before the economy will start to enjoy the fruits of the scheme because the cost had to be covered first.
