Total receives FSPO vessel from South Korea

A Floating Production, Storage and Offloading (FPSO) vessel has arrived in Nigeria from South Korea for oil production from the $16 billion 200,000 barrels per day capacity Egina deepwater oilfield.

The FPSO, built by Samsung heavy industries sailed away from the quay side at Samsung yard in Geoje, South Korea, on October 31, 2017, for a 90 day trip to Nigeria

The facility being developed by Total Upstream Nigeria Limited (TUPNL) at the cost of $16 billion finally arrived at the Samsung yard in Lagos on Tuesday.

Located in the Oil Mining Lease (OML) 130 offshore, the Egina oilfield, is expected to add 200,000 barrels per day of crude oil to Nigeria’s daily production when it comes on stream by the end of 2018

The Chief Financial Officer of Shi-Mci, Jin Su Park speaking at the Samsung’s fabrication and integration yard located at Ladol Free Zone in Lagos said it is the first FPSO fabrication and integration yard in Africa.

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