$3.3 billion Egina FPSO Sails To Offshore Field

$3.3 billion Egina FPSO Sails To Offshore Field
$3.3 billion Egina FPSO Sails To Offshore Field

$3.3 billion Egina FPSO Sails To Offshore Field

The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday.

The FPSO departed LADOL Free Zone in Lagos to the offshore field, according to THISDAY newspaper.

Following fabrication and integration works in Lagos, reports said the FPSO will arrive at the Egina oilfield located in Oil Mining Lease (OML) 130 in three days time.

In 2017, the FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea, before arriving at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January 2018. It was thereafter integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.

Reputed as the first of its kind in Africa, the FPSO is headed to the oil field, which is being developed at the cost of $16 billion by the French oil major, Total.

The Oil Mining Lease (OML) 130, experts say, is located approximately 150 kilometres offshore Port Harcourt.

About 200,000b/d of oil is expected to be produced from the field which, reports said, would account for 10 per cent of Nigeria’s total oil production when finally in operation.

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