A Review of the Nigerian Energy Industry

$3.3bn Egina FPSO preparing for first oil in December 2018

*The Egina FPSO vessel.

OpeOluwani Akintayo

20 September 2018, Sweetcrude, Lagos — The $3.3 billion Floating and Processing Storage Offloading vessel, Egina FPSO is preparing for its first oil in December, SweetcrudeReports has learned.

In a statement, Total’s spokesman, Mr. Charles Ebereowun, the “hook up of the vessel is currently ongoing and will be rounded up soon” to start production.

The 200,000 barrels per day vessel which departed from the Lagos Deep Offshore Logistics base, LADOL, around 5: 00 am on Sunday, August 26, arrived the Egina oilfield offshore Akwa Ibom on Wednesday, August 29.

Egina FPSO had arrived Lagos from South Korea in January and was supposed to leave Lagos in June however, was delayed for an extra two months.

However, the vessel left the shores of LADOL amidst pomp and pageantry, with its departure witnessed by the Managing Director of Total, Mr. Nicolas Terraz, the Deputy Managing Director, Deputy Managing Director of Total, Ahmadu-Kida Musa and the Managing Director of LADOL, Dr. Amy Jadesimi.

Key representatives from government agencies that have been instrumental in the completion of the vessel at LADOL, including the Nigeria Export and Processing Zones Authority, NEPZA, Nigerian Ports Authority, NPA, Nigerian Customs Services and Nigerian Immigration Services were also present at its departure.

Mr. Ebereonwu allayed stakeholders’ fear that the two months delay at the Lagos Free Trade Zone would negatively impact the targeted time of production, emphasizing that “the vessel will produce its first oil in December”.

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