The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, (TUPNI) and her partners yesterday announced the arrival of the Egina Floating, Production, Storage and Offloading unit (FPSO) to the shores of Nigeria from South Korea. The journey to Nigeria started on October 31, 2017. Egina is the largest investment project currently on-going in the oil and gas sector in Nigeria. The project is expected to be completed in fourth quarter of the year within the initial budget of $16 billion. It will add 200,000 barrels per day to Nigeria’s oil production, approximately 10 per cent of the country’s total oil production. The Egina FPSO is the largest FPSO ever installed in Nigeria (330-metres long). It is currently berthed at the newly built 500-metre FPSO integration quayside at the SHI-MCI Yard, Ladol Island, Lagos where the integration of six locally fabricated modules will take place over the […]