Nigeria’s Egina field onstream
Total started up Nigeria’s deepwater Egina field at the close of 2018. At plateau, the field will produce 200,000 b/d of oil, which represents about 10% of Nigeria’s production.
The floating production storage and offloading (FPSO) unit used to develop the giant Egina field is the largest one Total has built to date. The project also involved a record level of local contractors. Six of the 18 modules on the FPSO were built and integrated locally, and 77% of hours spent on the project were worked locally. Start-up was been achieved close to 10% below the initial budget, which represents more than $1bn of capex savings, according to Total. A 30% reduction in drilling time per well was largely responsible for the savings.
Initially discovered in 2003, the Egina field is the second development in production on Oil Mining Lease (OML) 130, following the Akpo field, which came onstream in 2009. The Preowei field is another large discovery made on this prolific block, for which a final investment decision (FID) is scheduled for 2019.
Total operates OML 130 with a 24% interest, in partnership with Nigerian National Petroleum Corporation (NNPC), South Atlantic Petroleum (15%), CNOOC (45%) and Petrobras (16%).