Nigeria’s oil and gas sector is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the Egina oilfield will sailed away in the early hours of Sunday from LADOL Free Zone in Lagos to the offshore field, investigation has revealed.
It was gathered that with the successful completion of the fabrication and integration works in Lagos, the FPSO will in three days’ time arrive at the Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, Total.
The facility, one of the world’s largest FPSOs, is set to be installed in the Egina oilfield, located 200 kilometers off the coast of Nigeria.
The vessel, measuring 330 meters long, 61 meters wide and 34 meters high, will be able to store up to 2.3 million barrels of crude oil, Samsung said.
The FPSO is designed to process and store oil or natural gas, and can be maneuvered to serve different locations.
The company said the production from Egina FPSO of 200,000 barrels per day at peak will increase Nigerian crude oil production by 10 percent.
In 2013, Samsung Heavy clinched a US$3 billion deal to build the Egina FPSO. After four years, the FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January 2018, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.
It was gathered that the fabrication and integration of the Egina FPSO in Nigeria was the first time such complex tasks were executed in Africa as there is no other FPSO integration yard elsewhere in the continent.
The SHI-MCI FZE located in LADOL Free Zone, is a fabrication and integration yard, the only one of its kind in Africa, built by SHI as part of the efforts to make Nigeria the hub of FPSO integration in Africa.