TOTAL SAYS ENGINA PROJECT WILL BE COMPLETED IN 2018 WITHIN INITIAL BUDGET OF 16 BILLION USD

LAGOS, Nigeria – Total Nigeria Limited has said it will complete the Engina Investment Project with initial budget of $16 billion in 2018 and that the project will set new record in local content development.

The Egina field was discovered by Total Upstream Nigeria Limited (TUPNI) in 2003 within the Oil Mining Licence 130 (OML130), some 200 kilometres south of Port Harcourt, Nigeria.

The field, according External Relations Manager, Charles Ebereonwu is being developed by Total Upstream Nigeria Ltd in partnership with NNPC, CNOOC, SAPETRO and PETROBRAS.

“It will add 200,000 barrels per day to Nigeria’s oil production (approximately 10% of the country’s total oil production)”, he said in a statement.

Egina is the largest investment project currently on-going in the oil and gas sector in Nigeria. Ebereonwu said the overall progress of the project stands at 88% and that a key milestone was achieved on October 31st, 2017 as the Floating, Production, Storage and Offloading unit (FPSO) started its journey to Nigeria.

The project is expected to be completed in Q4 – 2018, within the initial budget of 16 Billion USD. 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, he said fully identifies with 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 maximize Nigerian Content on the project.

The project will create employment in the region of 24 million man-hours (77% of total project workload), equivalent to a workforce of 3,000 persons on average over a period of 5 years. Sixty thousand (60,000 )tons of equipment will be fabricated in Nigeria, with over 560,000 man-hours of human capacity development training across Egina contracts.

There will be construction of several large-scale new fabrication facilities in Nigeria and upgrade of several existing fabrication yards.

The Floating, Production, Storage and Offloading unit (FPSO) of Egina, a 330-meter long vessel designed to process oil and gas from the Egina field, will berth at the quayside in Nigeria for integration of locally fabricated modules – a first for Nigeria.

Besides, Egina has the highest number of FPSO topside modules (six) to be fully fabricated and integrated in Nigeria. Assembly of the Integrated Control and Safety System of the FPSO has been fully performed in Nigeria. Coming with the project is the largest subsea equipment (manifolds, risers) ever completed in Nigeria, far above what was achieved in previous projects.

The Egina project is a 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.