Total’s Egina, Ofon Oil Fields Projects on Track

French oil giant, Total’s Egina and Ofon oil fields development projects in Nigeria are on track to be delivered on schedule according to the company’s Executive Director in charge of Exploration, Strategy, Planning, and Nigerian Content, Dr. Kingsley Ojoh.

The Egina oil field, which is operated by Total, is located deep offshore, some150 kilometres off the coast of Nigeria in Oil Mining Lease (OML) 130 and is scheduled to come onstream in 2015. Total has a 24 per cent stake in OML 130 while NNPC has 10 per cent, CNOOC, 45 per cent, Sapetro, 5 percent and Petrobras, 16 per cent.

Sources close to the project told NOGintelligence that Total had issued commercial invitations to tender for the deep-water Egina Floating Production, Storage and Offloading (FPSO) vessel, ultra-large offshore plant, with a capacity of over two-million barrels of oil. The sources also disclosed that the oil major planned to sign the final new-build FPSO contract by the end of 2012. NOGintelligence gathered that the bid would also cover subsea umbilicals, risers and flow lines as well as a subsea production system.

NOGintelligence further learnt that Asian technology and construction giants Hyundai Heavy Industries (HHI); Samsung Heavy Industries (SHI) of South Korea and China’s Dalian Shipbuilding Industry Company (DSIC) are leading the battle to win this $2 billion project.

Total is also on track to deliver first oil by 2015 in the Ofon field where it has launched Phase Two of the Ofon Field Development Project.

The field is located offshore east of Nigeria in OML 102, around 50 kilometers from the coastline, in a water depth of about 40 meters. Total, through its subsidiary Elf Petroleum Nigeria Limited (EPNL) is the operator of the NNPC/EPNL Joint Venture with a 40per cent interest.

The additional reserves (proved and probable) to be developed during this phase are estimated to be over 350 million barrels of oil equivalent.The additional reserves should allow an increase of oil output by around 60,000 barrels per day to around 100,000 barrels per day.