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Total Plans 9% Global Production Growth Boosted By Egina, Others

Oil giant Total says it expects to grow its global production by more than 9prcent this year, helped by ramp-ups of Egina offshore Nigeria, Kaombo North offshore Angola and Ichthys off northwest Australia.

The company also expects additional production from the start-ups of Iara 1 in the Santos basin off Brazil, Kaombo South off Angola, Culzean and Johan Sverdrup in the UK and Norwegian North Sea.

Total said in the announcement that it also plans to launch various new projects, including the deepwater Mero 2 offshore Brazil.

Egina FPSO

The deepwater Egina field, located 150km (93 mi) offshore Nigeria which started production on 30th December 2018, has optimum production capacity of 200,000 barrels per day (bpd), equivalent to 10percent of Nigeria’s total oil production.

The Egina FPSO is the company’s largest to date, six of its 18 topsides modules were constructed and integrated locally. The company said the project was delivered at almost 10percent below the initial budget, with capex savings of more than $1 billion.

 

 

 

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