Energy
Total commences production from the Egina field
Total has started up production on December 29, 2018 from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria.
At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production, GrassRoots.ng gathered.
The Floating Production Storage and Offloading (FPSO) unit used to develop the giant Egina field is the largest one Total has ever built. This project has also involved a record level of local contractors.
Six of the eighteen modules on the FPSO were built and integrated locally, and 77% of hours spent on the project were worked locally.
Startup has been achieved close to 10% below the initial budget, which represents more than 1 billion dollars of CAPEX savings, due in particular to excellent drilling performance where the drilling time per well has been reduced by 30%.
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