Total and its partners have started production from the Egina oilfield, which is located 150km off the coast of Nigeria.
The field lies in a water depth of 1,600m and will produce 200,000 barrels of oil a day at the plateau. This represents 10% of the country’s production.
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It is being developed using floating production storage and offloading (FPSO) unit on which six of the 18 modules were built and integrated locally.
Total achieved the startup at the field close to 10% below the initial budget.
Total Exploration & Production president Arnaud Breuillac said: “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.
“Furthermore, some upside potential nearby remains to be developed and we are studying in particular Preowei discovery tie-back to the Egina FPSO.”
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By GlobalDataInitially discovered in 2003, the Egina field is the second development in production on the Oil Mining Lease (OML) 130 after the Akpo field, which started production in 2009.
Another large discovery made on this prolific block is the Preowei field for which an investment decision is scheduled this year.
Total Upstream Nigeria operates OML 130 with a 24% interest, in partnership with Nigerian National Petroleum Corporation (NNPC), South Atlantic Petroleum (15%), CNOOC E&P Nigeria (45%) and Petrobras Oil and Gas (16%).
In 2017, Total’s production in Nigeria was 267,000 barrels of oil equivalent a day. The company operates five production licences (OML) on the 34 leases in which it has interests.
