Egina FPSO Sails to Offshore Field
The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media. Following fabrication and integration works in Lagos, the FPSO will arrive in three days' time at the 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. Nicholas Terraz, managing director, Total Upstream Companies in Nigeria, Ahmadu-Kida Musa, deputy managing director, deep water, Total Exploration and Production Nigeria, Amy Jadesimi, managing director, Lagos Deep Offshore Logistics Base (LADOL), and executives from Samsung Heavy Industries (SHI-MCI) were present during the sail away. The FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea last year, before arriving at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January 2018. It was thereafter integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited. Located some 130 kilometers off the coast of Nigeria at water depths of more than 1,500 meters, the Egina oil field is one of our most ambitious ultra-deep offshore projects. Primarily developed locally to accelerate the pace of Nigeria's industrial fabric and the transfer of technology, the project will soon come on stream and produce 200,000 barrels of oil per day, i.e., 10% of the country's total oil production. The oil field is controlled by Total Upstream Nigeria (24%) in partnership with CNOOC (45%), Sapetro (15%) and Petrobras (16%).