Unic Press UK: Total says it has started up production from the Egina field, which is situated circa 1,600 meters of water depths, 150 kilometers off the coast of Nigeria.
The production started on December 29, 2018. It will be generating 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production.
An excerpt of the company’s press release Wednesday reads:
“Total has started up production on December 29, 2018 from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production. Total is proud to deliver a project of this size under the initial budget and to contribute to the development of Nigeria’s oil and gas sector by generating employment as well as building industrial capability. 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% over the last four years,” stated Arnaud Breuillac, President Exploration & Production. “Furthermore, some upside potential nearby remains to be developed and we are studying in particular Preowei discovery tie-back to the Egina FPSO.”