OpeOluwani Akintayo
11 February 2018, Sweetcrude, Lagos – The Senate Committee on upstream oil and gas has commended Total Upstream Nigeria Limited, TUPNI, on the work put into the making of the Egina Floating Production Storage and Offloading Vessel, FPSO.
The Chairman of the committee, Solomon Adeola Olamikan, made the commendation when he led his team on inspection of the facility at the Ladol fabrication yard in Lagos on Friday.
In his speech, Olamilekan acknowledged the importance of the multi-billion-dollar vessel, adding that such projects boost the relationship between Nigeria, TUPNI and other partners in the oil and gas industry.
“This project is a huge investment coming into Nigeria at this time. And we are proud that the vessel will remain with us for the next twenty five years.
“We decided to come see it with our own eyes since its arrival into the country few weeks ago, and we can see that it has come to stay.
“We commend Total for investing such a huge amount of money into Nigeria and we believe the partnership with Nigeria will work,” he said.
The senator added that the committee would do its part by “watching” and ensuring that the Joint Venture between the company and the Nigerian National Petroleum Corporation, NNPC, produces great dividend for Nigeria.
The Egina EFSO’s team was assembled in 2012, while the fabrication of the vessel commenced in 2014.
Egina field development is the largest investment currently on-going in the oil and gas sector in Nigeria.
The project is expected to be completed in the fourth quarter of the year within the initial budget of $16 billion.
It will add 200,000 barrels per day to Nigeria’s oil production, approximately 10 per cent of the country’s total oil production.
The Egina FPSO is the largest FPSO ever installed in Nigeria (330-metres long).
It is currently berthed at the newly built 500-metre FPSO integration quayside at the SHI-MCI Yard, Ladol Island, Lagos where the integration of six locally fabricated modules will take place over the next few months.
This is a first for Nigeria and in fact for Africa.
Adding his voice to Olamilekan’s comment was TUPNI’s Managing Director, Nicolas Terraz.
Terraz said the company and its team were “proud” of the project as it is a “step forward” in its achievements in the oil and gas sector.
According to him, it took a combination of “hard work, determination and finance” to bring the project to be.
He added that the integration of the 6 locally fabricated topside modules at the SHI-MCI FZE quayside (Samsung Yard) before its final sail-away to the Egina field is a game changer as far as the execution of deep offshore oil & gas projects in the country is concerned. It is also a remarkable achievement in local content development in Nigeria.
