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OML 130 - Egina

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Owner: Total

Type: Oil Field

Status: Producing

Terrain:

The Egina oil field is located 150km off the coast of Nigeria. Egina is the third deep offshore development of Total in Nigeria. The field is currently under development and the production is scheduled to begin by the end of 2017. Located about 20km away from Akpo field, Egina field lies within the block Oil Mining Lease OML 130 and covers an area of around 500 square miles. It is situated at a water depth of up to 1,750m.

Working Interests

CNOOC Group | 45.000%

*Total | 24.000%

Petrobras | 16.000%

Nigerian National Petroleum Corporation (NNPC) | 10.000%

South Atlantic Petroleum Ltd (SAPETRO) | 5.000%

Updates

NNPC, Samsung, Total in Fresh Row over $3.3bn Egina Project

27th October, 2014

hexgear

The Nigerian National Petroleum Corporation (NNPC), Samsung Heavy Industries Nigeria Limited and Total Upstream Nigeria (TUPNI) Limited are heading for a collision over the demand by Samsung to raise the cost of the $3.3 billion Egina project, THISDAY has learnt.

After a 19-month delay, Samsung recently performed the ground-breaking for the construction of a mega fabrication yard for the integration of Totalís Egina Floating Production Storage Offloading (FPSO) vessel.

However, concerns have mounted that the multi-billion dollar project located in Oil Mining Lease (OML) 130 may not be delivered on schedule.

THISDAY gathered that Samsung, the contractor building the Egina FPSO vessel for Total, has submitted a Change Order Request (COR) on engineering and schedule/cost impact, inflating the project cost by about $400 million, a demand which Total has rejected.

Source: http://www.thisdaylive.com/articles/nnpc-samsung-t...

Total and CNOOC to select Samsung for Egina FPSO

24th January, 2013

hexgear

The french major Total and its partners, China National Offshore Oil Corporation (CNOOC) and Nigeria National Petroleum Company (NNPC), are in the process to approve Samsung Heavy Industries (Samsung) offer for Egina new-build floating production storage and offloading (FPSO) vessel.

Egina project is part of the development of the OML 130 block where Total and its partners share the working interests

Source: http://www.2b1stconsulting.com/total-and-cnooc-to-...

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