Egina Project would be completed within initial budget, even as it has set a new local content record that will further enhance the skill of Nigerians in various areas of fabrications.
The project is the largest investment project currently ongoing in the Nigerian oil and gas sector. The overall progress of the project stands at 88%, and a key milestone was achieved on October 31, 2017, as the Floating, Production, Storage and Offloading unit (FPSO) started its journey to Nigeria. The project is expected to be completed in the fourth quarter of 2018, within the initial budget of $16 billion.
Being the first major deepwater development project launched after the enactment of the Nigerian Oil & Gas Industry Content Development (NOGICD) Act of 2010, Egina has the highest level of local content of any such project in Nigeria.
As operator of the Egina project, Total Upstream Nigeria Limited says it fully identifies with the government aspirations for Nigerian Content and has been working closely with the Nigerian Content Development Monitoring Board (NCDMB) and Nigeria National Petroleum Company (NNPC) to maximise Nigerian Content on the project.
Key Nigerian Content features of the Egina project include: Employment: 24 million man-hours worked in Nigeria (77% of total project workload), equivalent to a workforce of 3,000 persons on average over a period of 5 years; about 60,000 tons of equipment to be fabricated in Nigeria; and training of over 560,000 man-hours of human capacity development training across Egina contracts.
The project has also led to the construction of several large-scale new fabrication facilities in Nigeria and upgrade of several existing fabrication yards.
