The Nation Newspaper

Tag: FPSO

  • Oriental Energy, partners commission FPSO EMEM in Dubai

    Oriental Energy, partners commission FPSO EMEM in Dubai

    The EMEM Floating Production Storage and Offloading Vessel (FPSO), the first fully funded and converted FPSO by a Nigerian indigenous company, was at the weekend flagged off to sail from Dubai, the United Arab Emirates (UAE) to the Okwok field development.

    At the field, the EMEM FPSO will integrate with the already installed Well Head Platform (WHP) and five production wells, with first oil from the field anticipated in first quarter 2026.

    This heart-warming development will mark Oriental Energy Resources (OERL’s) first fully independently developed and delivered project following its decision to take on direct operating responsibility at its assets.

    This followed the marking of the sailaway of the EMEM Floating Production Storage and Offloading Vessel (FPSO) from Dry Docks World Dubai Shipyard by Oriental Energy and its partners, over the weekend.

    The marking of the sailaway of the EMEM FPSO represents an important milestone for the Okwok field development and the contribution it will make to Nigeria’s crude oil production profile.

    The FPSO EMEM has the capacity to process 40, 000 barrels of oil per day (bopd) and will be the crude oil production, storage and export facility for the Okwok field development offshore Nigeria.

    It will complement OERL’s existing production facilities at the Ebok field.

    Speaking at the sailaway ceremony, the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, said: “This event is not just the launch of a vessel; it is a statement of confidence in Nigeria’s petroleum industry and a demonstration of the kind of bold, forward-looking investments we need to achieve our national goals.”

    He commended Oriental Energy Resources Limited for this landmark investment, saying, “Your commitment to sustainable operations, your innovative approach, and your unwavering belief in Nigeria’s potential place you among the independent producers we are most proud to support.”

    Sen. Lokpobiri stated that investments like this not only expand production capacity but also demonstrate leadership in navigating a rapidly changing global energy landscape.

    Read Also: Soludo’s victory shows Nigeria not gravitating to one-party state – Okechukwu 

    His words: “With the commissioning of the EMEM FPSO, we are not just increasing barrels; we are also creating the revenue streams required to fund Nigeria’s development agenda.

     “This project underscores the link between strategic investment and national growth, showing that with vision, commitment, and collaboration, we can meet both our energy targets and our economic objectives.”

    Launching the FPSO during the ceremony, OERL Chairman Alhaji Dr. Mohammed Indimi, said: “In 2022, we made the ambitious decision to develop the Okwok field entirely independently. The sailaway of the EMEM Floating Production, Storage and Offloading Facility is a critical milestone in the field development process.”

    He thanked the Nigerian government, President Bola Ahmed Tinubu, Vice President Kashim Shettima, the Minister of State for Petroleum Resources, Senator Lokpobiri, and the dedicated officials and civil servants in the Ministry of Petroleum, NURPC and the other agencies that provided the enabling environment for the investment.

    Apart from OERL Founder and Chairman Dr. Muhammadu Indimi and Sen. Lokpobiri, other distinguished attendees at the event include Governors Babagana Zulum, Pastor Umo Eno, and Ahmadu Umaru Fintiru, of Borno, Akwa Ibom, and Adamawa State, respectively, alongside key representatives from Drydocks World Dubai and strategic project partners.

  • $3.8b FPSO: Content Board, firms laud LADOL over Egina project

    The journey to fully realise the $3.8 billion Floating Production Storage and Offtake (FPSO) oil platform reached another milestones yesterday, with the site tour by government agents and other concerned stakeholders who said the work done so far met international standards.

    The platform otherwise known as Egina project was awarded to Samsung Heavy Industry (SHI) in 2013 to build a world class oil production platform in Nigeria with the Lagos Deep Offshore Logistics Base (LADOL), acting as the local content partner.

    Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB),  Daziba Patrick Obah, and Deputy Managing Director, Total, Musa Kida,  led a team of representatives of other International Oil Companies (IOCs) and top managers of Gulf Trade Bank (GTB), on an inspection tour of the project site at LADOL base in Tarkwa bay, Apapa-Lagos.

    The team comprising representatives of IOCs such as ENI, Chevron, Agip, Shell, Ezon Mobil, and others, were received by the Executive Chairman of LADOL, Mr. Ladi Jadesimi.

    The stakeholders who took turn to speak with reporters after a tour of the project site were unanimous that the FPSO is indeed a game changer for the nation’s economy. They added that it was capable of seeing the country make a quantum leap in her quest join the club G30 by year 2020.

    Kida said Total  was proud to be associated with the  fact that oil firm strongly believes the Nigerian Content is here to stay.

    “It was a huge technical struggle in taking the risk to believe that this integration can indeed take place here or anywhere in Nigeria. Now it has remained our pride for taking this step, and we remain committed to it,” he said.

    To this end, the Total oil chief appealed to government and other IOCs not to make the Egina fabrication “a one-off project that will seize to attract other projects.

    “This facility has been built to international standards, and Total is very comfortable with work done here so far as we believe that the base is capable of fabricating very huge modules that will be utilised in the FPSO. Egina installation will be side-by-side here by early next year, so it is going to be more impressive. My appeal therefore is that my colleagues in the oil industry should sustain this good beginning by ensuring that other FPSOs are done here at LADOL base,” he added.

  • Samsung hires Nexans for Egina FPSO cables

    Samsung hires Nexans for Egina FPSO cables

    Samsung Heavy Industries has contracted Nexans to supply more than 2,200 kilometres of power, instrumentation and control cables for Total’s Egina FPSO offshore Nigeria.

    According to Nexans, the cables are designed to prevent gas leakages, making them much safer for use in flammable or high-risk environments. This means that the project is able to comply with local fire safety regulations and meet the IEC standards and Bureau Veritas certificate, Offshore said..

    The Executive Vice President Middle East, Russia & Africa Global Oil & Gas activities, Benjamin Fitoussi said: “Nexans is incredibly proud to have been selected as cables supplier for this ambitious project. The contract with SHI is our largest FPSO contract to date.”

    The FPSO is 330 metres (1,083 ft) in length, 61 metres (200 ft) across, and 34 metres (112 ft) high, with a storage capacity of 2.3 million barrels (mmbbl) of oil.

    The Egina oil field is located 150km off the coast of Nigeria. The field is being developed by Total Upstream Nigeria (24 per cent) in partnership with CNOOC (45 per cent), Sapetro (15 per cent) and Petrobras (16 per cent). Egina is the third deep offshore development of Total in Nigeria. The field is currently under development and the production is scheduled to begin by the end of 2017.

    Located about 20km away from Akpo field, Egina field lies within the block Oil Mining Lease (OML) 130 and covers an area of around 500 square miles. It is situated at a water depth of up to 1,750metres.

  • Aje field’s FPSO to arrive Nigeria in March

    The Floating, Storage Production,  and Offloading (FPSO) vessel is on its journey to Nigeria.

    This follows the anticipation of first oil production from Aje field by Yinka Folawiyo Petroleum and Panoro Energy.

    The floating vessel is expected to arrive at Nigeria’s shore by the mid of next month, said Offshore Report.  Final works, according to Offshore, has been completed on the FPSO, which has departed Singapore. Following a brief stop in Cape Town, the vessel is expected to arrive in Nigeria in mid-March, it added.

    “All main equipment for the development is in Nigeria. Anchor handling operations started offshore in January and will continue until mid-February. Later this month the construction vessel will install subsea equipment, including the manifold and flowlines. Once the FPSO has arrived it will be hooked-up to the mooring system and risers, to be followed by a short test of the production systems.

    The Aje field was discovered in 1996 and is 24 kilometres offshore Nigeria located on oil mining lease (OML) 113 in water depths of about 1,476 ft. Pending ongoing exploration and appraisal work at oil prospecting lease (OPL) 310, the field is estimated to be one of the largest oil fields in Nigeria outside the Niger Delta basin.

    Yinka Folawiyo Petroleum Company Limited operates the field. Drilling appraisal wells Aje-1 and Aje-2 confirmed oil pay in the Turonian and Cenomanian reservoirs respectively.

    By 2004, Yinka was seeking partnerships to develop the field and drill Aje-3 to confirm the structural interpretation of the field and determine fluid distribution. Aje-4 was drilled in 2008. Oil and gas accumulations were reevaluated and the field was declared commercial. Field development entered its first phase in 2014 with a $220 million investment.

    Panoro Energy had announced last year the completion of the Aje-4 well in the Benin basin’s, adding that oil production was scheduled to begin by end of 2015 at 10,000 barrels per day (bpd). However, the production will begin next month.

    Yinka is operator with 25 per cent interest in the field. Partners include Vitol 24.05 per cent, First Hydrocarbons Nigeria Limited 16.875 per cent, Energy Equity Resources Limited 16.875 per cent, Panoro Energy 12.19 per cent, and Jacka Resources five per cent.

  • LADOL to begin FPSO construction, integration in 2015

    LADOL to begin FPSO construction, integration in 2015

    The Lagos Deep Offshore Logistics Base (LADOL) in LADOL Free Zone is poised to begin the construction of its fabrication yard where floating production, storage and offloading (FPSO) vessels will be built and integrated.

    Its Project Manager, Phaethon Payiatis said in Lagos that the construction of the yard would begin next month while the fabrication and integration of FPSOs will start in 2015.

    He said the company has also made plans to dredge the harbour to get the right draft. He said the 14,000 square metre yard would handle 5,000 tonnes of steel and that necessary approvals from the appropriate regulatory agencies.

    LADOL’s Managing Director Dr. Amy Jadesimi said the company was carrying out the project with Samsung Heavy Industries (SHI) of Korea. She explained that contrary to reports, LADOL has done some major jobs for some oil companies , including Chevron’s Agbami FPSO.

    She said as at September, the company had invested $62.6 million in the $500 million facility, adding that, on completion, the project will generate 5,000 jobs inside LADOL and 50,000 jobs outside; it will attract billions of dollars in foreign direct investment (FDI) as well as technology into Nigeria.

    She said: “LADOL is the only 100 per cent Nigerian logistics base owner in Nigeria and the only one to develop a facility from zero value Greenfield Nigerian Ports Authority (NPA) site into $500 million world class base. LADOL is now expanding its facilities and its proven business model of private indigenous Nigerian lead development of facilities into Bayelsa as well as extending its facility in Lagos with a $500 million additional investment.

    “LADOL’s joint venture with Samsung to build Nigeria’s first and Africa’s only FPSO facility will make Nigeria Africa’s maritime, oil and gas hub creating 100,000 jobs. LADOL has been given all required approvals to proceed with construction and based on the approvals the government has given, $62.5 has been invested. This is new private investment in developing infrastructure in Nigeria.”

    She also noted that based on researched facts, the most suitable site for FPSO integration in Nigeria is LADOL and the least suitable site is Nigerdock. The Nigerdock site shouldn’t be considered for integration owing mainly to operational consideration and the unacceptable high risk to the FPSO hull of traversing the narrow path to Nigerdock.

    She said the zone is located on a peninsula five minutes away from personnel and cargo jetties and being immediately next to the entrance to Lagos Harbour, it can easily accommodate the largest vessels and barges and it guarantees the fastest turnaround times.

    Besides, LADOL is registered as an International Ship and Port Security (ISPS) code certified port facility with International Maritime Organisation (IMO) and receives local and international vessels. With 200m quay, 8.5m draft, 25 ton/m2 high load bearing area and additional 30 ton bollards at either end, the quay can accommodate up to six supply vessels and three heavy lift vessels simultaneously. Since products are piped directly through ducts in the quay, vessels’ turnaround time can be less than eight hours. The quay is being extended by additional 1,000m this year, she added.

  • Samsung wins Total’s $3.1b Egina contract

    Samsung wins Total’s $3.1b Egina contract

    Nigerian National Petroleum Corporation and Total Upstream Petroleum Nigeria Limited Joint Venture has awarded the $3.1 billion contract for the construction of the floating production, storage and offloading (FPSO) vessel for Egina deepwater oil field to Samsung Heavy Industries.

    Samsung Heavy Industries, with its shipbuilding capabilities and track record emerged the preferred bidder in the bidding conducted by the National Petroleum Investment Management Services (NAPIMS).

    The multibillion Egina field located in oil mining lease (OML) 130 near Akpo field, is the third deep offshore development project of Total Upstream Petroleum Nigeria Limited (TUPNL) in Nigeria with reserve potential in excess of 550million barrels and a peak production of 150,000 barrels of oil per day (bopd).

    The Joint Venture said it took the decision to award the Egina FPSO contract to Samsung after a comprehensive review of the economics, the track records of the bidders and having met all the requirements of NCD including 12,000 – 15000 tons in-country fabrication of topsides.