The $3.3 billion Egina Floating Production Storage Offloading (FPSO) vessel which sailed away in the early hours of Sunday from Lagos to its final location in Egina oilfield offshore in Port Harcourt, Rivers is set to increase Nigeria’s out production out by an additional 10 per cent.
FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the SHI-MCI FZE quayside in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.
The FPSO vessel which has capacity to produce 200,000 barrels per day at Egina oilfield will arrive at the offshore field this week. It was built by Samsung Heavy Industries of Korea (SHI) for global oil giant, Total.
The fabrication and integration of the Egina FPSO in Nigeria was the first time such complex tasks were executed in Africa which executed at the SHI-MCI FZE, a fabrication and integration yard, which is the only one of such facility built by SHI as part of the efforts to make Nigeria the hub of FPSO integration in Africa.
An official of SHI, said, ‘‘on arrival at the Egina field, mooring, hook-up and offshore commissioning will proceed favourably offshore with the final completion expected before the end of the year. The project cost management is proceeding as scheduled with thorough preparation. “The only major balance work now is the remaining commissioning work in offshore and to make the FPSO ready for entry of hydrocarbons (oil and gas) within 2018,” he said.
The Egina field will add 200,000 barrels per day of crude oil to Nigeria’s daily output when it comes on stream which will amount to an increase of 10 per cent to Nigeria’s daily production at peak. In line with the Nigerian Oil and Gas Industry Development (NOGICD) Act of 2010, SHIN has successfully completed the Egina FPSO work in SHI-MCI yard under the stringent local content regulations with similar safety and quality standards applicable in the Geoje shipyard in Korea.
“This volume of onshore work was never before accomplished in Nigeria. And the major risky portion of Egina project has now been completed. This achievement has been followed by very good response from the authorities of the Nigerian government and international clients. This would lead SHI to gain a competitive edge in future offshore project orders to be placed in West Africa, of course including Nigeria. In terms of history, SHI won the order to build Egina FPSO in 2013,” the SHI official added.
The FPSO is 330 metres in length, 61 metres in breadth, and 34 metres in height, with capacity to produce 200,000 barrels of crude oil per day and storage capacity of 2.3 million barrels and topsides weighing 60,000 tonnes. The FPSO will be installed in Egina offshore field, located 200 kilometres from Nigerian shores.
SHI executed the entire engineering, design, procurement, construction, transportation, and commissioning. The integration and fabrication yard, which was completed in October 2016, is 120,000 square meters and has world-class construction and painting facilities as well as a robust quay wall of 500 meters, which has the unique strength in West Africa for berthing of mega size FPSOs.