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Egina FPSO begins final journey to its Offshore Field ahead of production
Barely seven months after arriving from Samsung Heavy Industries of Korea (SHI) shipyard, the $3.3 billion Egina Floating Production Storage Offloading (FPSO) unit for 200,000 barrels per day capacity will sail away from LADOL Free Zone in Lagos to the offshore field today.
This followed successful completion of the fabrication and integration works in Lagos as part of the local content.
The base of the facility is Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, Total.
The FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.
Industry analysts say as soon the FPSO begins operations, Nigeria’s oil revenue will increase as the FPSO will as additional 200,000bpd to the nation’s export grade.