The Nigerian oil and gas industry is set for a boost as Total’s $3.3 billion Floating Production, Storage and Offloading (FPSO) vessel for the 200,000 barrels per day (bpd) capacity Egina deepwater oilfield will arrive Nigeria from South Korea on January 23, a week ahead of the January 31 estimated arrival.
Built by Samsung Heavy Industries (SHI), the FPSO sailed away from Samsung Yard in Geoje, South Korea, on October 31, 2017, on its long journey to Nigeria, which was initially estimated to last for 90 days. The vessel is currently offshore Angola.
Total awarded the FPSO contract to SHI in 2014 after the Korean firm emerged the winner, following a rigorous tendering process.
When it arrives at the Samsung Yard (SHI-MCI FZE quayside) in Lagos Tuesday, the FPSO, will be integrated locally before it sails away to the deep offshore oil field located in the Oil Mining Lease (OML) 130. The Egina oilfield, which will add 200,000 barrels per day of crude oil to Nigeria’s daily production when it comes on stream by the end of 2018, is being developed by Total Upstream Nigeria Limited (TUPNL) at the cost of $16 billion which includes the $3.3 billion cost of the FPSO.
Mr. Jin Su Park, Chief Financial Officer of SHI-MCI, while speaking at the Samsung’s fabrication and integration yard located at LADOL Free Zone in Lagos, informed that out of the 18 modules in the Egina FPSO, six modules were fabricated in the SHI-MCI yard, which represents 30 percent of the entire FPSO.
“The FPSO will arrive by 7a.m on January 23. The SHI-MCI was founded in July 2014 and groundbreaking was performed in August 2014. The steel cutting for the Egina FPSO started in June 2015. The fabrication yard was completed also June 2015, while the fabrication of the six modules was completed in April 2017. When the FPSO arrives the yard, it will be integrated,” Park explained.
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