Nigeria’s drive towards improving her crude oil supply to the international market today got major traction as the 200,000 barrels a day Egina Deepwater field Floating Production Storage Offloading (FPSO) unit leaves the LADOL yard today to begin operations.
The FPSO, which berthed in January this year in Nigeria from South Korea, was completed at the LADOL facility in Lagos, but the commencement of its operations had been delayed by funding constraints.
It was reliably gathered that the FPSO’s sail away ceremony which would have been flagged off by the Vice President, Prof. Yemi Osinbajo, was stalled on Friday due to administrative bottlenecks as well as uncertain weather conditions.
The FPSO had the detailed engineering of its topsides integration works executed in-country completed by Samsung with a consortium of Nigerian engineering companies after it arrived from South Korea last January.
The vessel was scheduled to sail away to Egina field, located in Oil Mining Lease (OML) 130, approximately 150 kilometres offshore Port Harcourt, where it is expected to commence operations by Q4, 2018.
The Egina FPSO, which is the latest of Total’s deepwater projects and the third of its kind developed by the OiC in Nigeria, after Akpo and Usan, is planned to begin producing 200,000 barrels daily of oil from the field, representing 10 percent of Nigeria’s current total oil production volume.
By its design, the Egina field will produce gas and the associated gas will be partly re-injected into the reservoir to maintain reservoir pressure, and partly channelled to supply the domestic gas market.