Image: Upstream Online
By: Mandisa Nduli, Editor
French oil major Total has started production at the Egina oil field, located in waters 1,600m deep, 150km off the coast of Nigeria.
The Egina oil field is the second development in production on the Oil Mining Lease (OML) 130 following the Akpo field, which started up in 2009.
At plateau, Total expects the Egina field to produce 200,000 barrels of oil per day – representing about 10 percent of the country’s oil production.
“Egina will significantly boost the group’s production and cash flow from 2019 onwards, and benefit from our strong cost reduction efforts in Nigeria where we have reduced our operating costs by 40 percent over the last four years,” said Arnaud Breuillac, Total’s Head of Exploration and Production.
Further, Breuillac said the major is currently studying the Preowei discovery tie-back to the Egina FPSO. FID on the Preowei field is scheduled for 2019.
Total Upstream Nigeria operates OML 130 with a 24 percent interest, in partnership with Nigerian National Petroleum Corporation (NNPC), South Atlantic Petroleum – SAPETRO (15 percent), CNOOC E&P Nigeria, a wholly owned subsidiary of CNOOC Limited (45 percent) and Petrobras Oil and Gas BV (16 percent)