Egina comes onstream offshore Nigeria, below budget

Production has started from the deepwater Egina field, 150 km (93 mi) offshore Nigeria.

Egina FPSO offshore Nigeria
Egina FPSO offshore Nigeria

Offshore staff

PARIS – Production has started from the deepwater Egina field, 150 km (93 mi) offshore Nigeria.

According to operator Total, the field will deliver 200,000 b/d of oil at peak, equivalent to 10% of Nigeria’s total oil production.

The FPSO is the company’s largest to date. Six of its 18 topsides modules were constructed and integrated locally.

Total added that the project was almost 10% below the initial budget at start-up, with capex savings of more than $1 billion. One of the main factors was strong drilling performance, with drilling time per well cut by 30% from predicted levels.

Arnaud Breuillac, president Exploration & Production, said: “Egina will significantly boost the group’s production and cash flow from 2019 onwards, and benefit from our strong cost reduction efforts in Nigeria where we have reduced our operating costs by 40% over the last four years.

“Furthermore, some upside potential nearby remains to be developed and we are studying in particular the Preowei discovery tieback to theEginaFPSO.” 

Total expects to take an investment decision on Preowei later this year.

Egina, discovered in 2003 in 1,600 m (5,249 ft) water depth, is the second development to on the oil mining lease 130 following the Akpo field, which started-up in 2009.

The other partners are Nigerian National Petroleum Corp., South Atlantic Petroleum – SAPETRO, and CNOOC E&P Nigeria.

01/02/2019

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