Total EGINA Project to Be Completed Within Initial Budget of $16bn
Sets new local content records
Total Upstream Nigeria Limited (TUPNI) has given a firm assurance that the Egina field project will be completed within the initial budget of $16billion.
The Egina field was discovered by TUPNI in 2003 within the Oil Mining Licence 130 (OML130), some 200 kilometres south of Port Harcourt, Nigeria. The field is being developed by Total Upstream Nigeria Ltd in partnership with the Nigerian National Petroleum Corporation (NNPC), CNOOC, South Atlantic Petroleum (SAPETRO) and Petrobras.
It will at resumption of production, add 200,000 barrels per day to Nigeria’s oil production (approximately 10% of the country’s total oil production).
Egina is the largest investment project currently on-going in the oil and gas sector in Nigeria. The overall progress of the project stands at 88% and a key milestone was achieved on October 31st, 2017 as the Floating, Production, Storage and Offloading unit (FPSO) started its journey to Nigeria. According to Total, the project is expected to be completed in Q4 - 2018, within the initial budget of $16billion.
Being the first major deepwater development project launched after the enactment of the Nigerian Oil & Gas Industry Content Development (NOGICD) Act of 2010, Egina has the highest level of local content of any such project in Nigeria.
As operator of the Egina project, Total Upstream Nigeria Ltd fully identifies with the government aspirations for Nigerian Content and has been working closely with the Nigerian Content Development Monitoring Board (NCDMB) and Nigeria National Petroleum Company (NNPC) to maximise Nigerian Content on the project.
Key Nigerian Content features of the Egina project include 24 million man-hours worked in Nigeria (77% of total project workload), equivalent to a workforce of 3,000 persons on average over a period of five years; 60,000 tonnes of equipment to be fabricated in Nigeria; over 560,000 man-hours of human capacity development training across Egina contracts; construction of several large-scale new fabrication facilities in Nigeria and upgrade of several existing fabrication yards.
The Egina project includes pioneering Nigerian Content achievements: The FPSO of Egina, a 330-meter long vessel designed to process oil and gas from the Egina field, will be berthed at the quayside in Nigeria for integration of locally fabricated modules – a first for Nigeria.
Also, Egina has the highest number of FPSO topside modules (six) to be fully fabricated and integrated in Nigeria.
The assembly of the Integrated Control and Safety System of the FPSO was fully performed in Nigeria. Egina includes the fabrication of the largest subsea equipment (manifolds, risers) ever completed in Nigeria, far above what was achieved in previous projects.
The Egina project is testimony to the fact that large deepwater projects can be developed with a very high level of in-country activities, thus fulfilling the aspirations and objectives of the Federal Government of Nigeria in terms of employment generation, capacity building and industrial capability development.