JUST IN: Total, NNPC, other partners to launch Egina crude in Singapore

French oil major, Total and the Nigerian National Petroleum Corporation (NNPC) along with some other partners will, later this month, launch Egina crude in Singapore.

The launch will take place at the Asia Pacific Petroleum Conference (APPEC), scheduled to hold from September 24 to 26, in Singapore.

Singapore’s APPEC is one of Asia’s biggest annual petroleum industry gatherings, during which producers, refiners and merchants sign and renew supply deals and exchange information.

A copy of an invitation to the conference, reported by Reuters, shows that the launch will take place at a reception billed to be hosted by stakeholders at the conference.

The Egina field in Nigeria is expected to start production in December. Its FPSO unit sailed away last month from the SHI-MCI Yard, LADOL Island, Lagos, Nigeria to the Egina oilfield in Oil Mining Lease 130, which is located about 150km offshore the Niger Delta.

The FPSO was built by Samsung Heavy Industries of Korea for Egina oilfield being developed at a cost of $16bn by the global oil giant, Total.

It sailed away from the quayside at Samsung Yard in Geoje, South Korea in October 2017 and arrived at the SHI-MCI FZE quayside in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria Limited.

The Egina field will add 200,000 barrels per day of crude oil to Nigeria’s daily output when it comes on stream.

The FPSO is 330 metres in length, 61 metres in breadth, and 34 metres in height, with capacity to produce 200,000 barrels of crude oil per day and storage capacity of 2.3 million barrels and topsides weighing 60,000 tonnes.

Also at the conference in Singapore, Saudi Arabia’s state-owned oil giant Aramco will team up with South Korean refiner S-Oil Corp for a joint reception, according to two industry sources.

Aramco became the single largest shareholder of S-Oil in January 2015, as part of its drive to expand its footprint in the downstream petroleum sector and establish commercial offices in global oil trading hubs like Singapore.