Nigeria is banking on the 200,000 b/d offshore Egina project to boost its production by over 10%, as the Total-operated field is expected to come online later this year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Nigerian oil output has stagnated in the past decade due to instability in the restive oil-rich Niger Delta and underinvestment in its oil sector along with a lack of infrastructure. Nicolas Terraz, managing director, Total Upstream Nigeria, speaking at an industry event in Lagos on Sunday said the $16 billion deepwater project is the biggest oil and gas investment in Nigeria with the startup expected in Q4 this year. No new big oil fields have started up in Nigeria in nearly five years which is what makes this project pivotal for Africa’s largest oil producer. “In the operational phase, Egina will add 200,000 b/d to the […]