Total’s Egina’s first oil for 2015

Total’s Egina’s first oil for 2015

The Egina oil field located 150 kilometres off the coast of Nigeria and operated by Total, will deliver its first oil in 2015, as against 2014 earlier projected. This revelation followed the Nigerian Federal Government’s insistence on transparency and effective adherence to local content laws even as Total is set to issue commercial invitations to tender covering a trio of major packages on its deep-water Egina Floating Production, Storage and Offloading (FPSO), ultra-large offshore plant, with over two million-barrel of fuel capacity.
A source disclosed that the French oil major, which has 24 per cent stake in Egina, planned to sign the final new-build FPSO contract by the end of 2012, to begin production from 2015.
It was equally gathered that the bid documents would be issued to short-listed contenders for a new-build FPSO vessel, subsea umbilicals, risers and flowlines as well as a subsea production system.
Asian technology and construction giants Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) of South Korea and China’s Dalian Shipbuilding Industry Company (DSIC) are said to have clashed in a bid to win $2 billion worth of Nigeria’s Egina FPSO new building order.
Source: http://www.compassnewspaper.org/
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