CNOOC Limited’s Egina Field commences production

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production.

The company said that the Egina Field is located in around 1600 meters of water depths, 150 Kilometers off the coast of Nigeria. The field development is said to consist of a Floating Production Storage and Offloading (FPSO) unit and a Subsea Production System. “The project is expected to reach its peak production of approximately 200,000 barrels of crude oil per day in 2019,” the company said in a press release.

It said that the Egina field was initially discovered in 2003 and is the second development in production on the Oil Mining Lease (OML) 130 following the Akpo field which started-up in 2009.

Mr. Yuan Guangyu, CEO of the Company said, “The successful commencement of production of Egina Field will strongly support the high-quality development of the Company and become a new growth driver to our overseas production.”

The release said CNOOC E&P Nigeria Limited, a wholly-owned subsidiary of CNOOC Limited, holds 45% interest of OML 130 block, in partnership with the Nigerian National Petroleum Corporation (NNPC). The operator is TOTAL Upstream Nigeria Limited which holds 24% interest while Petrobras Oil and Gas BV holds 16 percent interest and South Atlantic Petroleum-SAPETRO holds 15 percent interest.

CNOOC along with operator ExxonMobil and HESS is set to commence production with Liza Phase 1 at a rate of 120,000 barrels per day in early 2020.

- ADVERTISEMENT -
spot_img

Partnered Events

Latest News

Guyana’s Denzel Southwell makes history as nation’s first local offshore driller – El Dorado Offshore 

See release from El Dorado Offshore Inc.: Denzel Southwell's journey is one that defies expectations. Hailing from the small...

More Articles Like This