Nigeria: Total’s Egina to Raise Nigeria’s Oil Output By 200,000bpd in 2018

8 Sep 2017   Nigeria

Federal Government’s plans to increase crude oil production to four million barrels daily (bpd) will receive a boost, as the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) vessel, currently being constructed in South is schedule to add 200,000 bpd to Nigeria’s output by the fourth quarter of 2018. Total Upstream Nigeria Limited (TUPNI) said the completion of the 200,000bpd vessel would be on schedule and within budget as Samsung Heavy Industries (SHI) is nearing its completion. When TUPNI and the Nigerian Content Development and Monitoring Board (NCDMB), insisted that the Egina FPSO must be integrated in Nigeria, it was quite a challenge to find the shipbuilding company, which would build an integration yard. In the global oil and gas industry, the fabrication and integration of the FPSO modules requires high-end technology, which only a few international companies have the capacity to take on the scope of responsibility. […]

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