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Egina FPSO

Melee Kyari

FID on NLNG train 7 to be executed in December – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Malam Mele Kyari, says the Final Investment Decision (FID) for Nigerian Liquefied Natural Gas (NLNG) Train 7 would be executed in December.
Samsung Heavy Industries

Fighting inequality through Samsung’s equal training opportunities

In 2018, at the peak of the construction and integration of the Egina FPSO, over 3,000 Nigerians were employed by Samsung (SHI-MCI).
The Representative of the GMD NNPC, Mallam Bello Rabiu and the Director China Petroleum Corporation, Beijing, China, Bin Zhang, at the 2019 OTC in Houston.

Nigeria generates over $180 billion revenue from deepwater operations

Nigeria’s deepwater operations have generated revenue exceeding $180billion following industry players’ capital investment in excess of $65billion with the potentials for growth amidst untapped abundant opportunities in the sector.
Samsung Heavy Industries

Samsung invests over $400 million in NIgeria’s oil, gas sector

Samsung Heavy Industries (SHI) says it has invested over 400 million dollars in the Nigerian oil and gas industry since the global shipbuilding giant was awarded the contract to build the Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels of crude oil per day Egina deepwater field.

Federal government to raise daily crude oil production by two million barrels

Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.
ladol free trade zone

LADOL, Samsung battle over equity holding in SHI-MCI

The dispute between the Lagos Deep Offshore Logistics (LADOL) Base and the Samsung Heavy Industry (SHI) has taken a different dimension as both companies now face legal battle over the ownership of SHI MCI Free Zone Enterprise, a joint venture set up for the execution of Egina Floating Production Supply and Offloading (FPSO) project.
ladol free trade zone

LADOL sues Samsung over alleged disregard for Nigerian laws, regulations

Lagos Deep Offshore Logistics (LADOL), operators of the Egina Floating Production Storage and Offloading (FPSO), has sued its partner Samsung Heavy Industries, over an alleged disregard for Nigerian laws and regulations on doing business.
2 The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.

In Pictures: Egina FPSO sails to OML 130

The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.

Egina FPSO sails to 200,000bpd offshore field

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, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.
ladol free trade zone

Lagos free zone operator denies ‘high charges’ imposed on investors

The management of Lagos Deep Offshore Logistics (LADOL) has denied claims that its hostile policies at the Lagos Free Zone were frustrating investors doing business in the area.

Federal govt lauds Total’s $16bn investment on Egina project, urges for more from IOCs

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday commended the management of Total Upstream Nigeria Ltd. (TUPNI), for its 16 billion dollars (N5.76 trillion) Egina project in Nigeria.

Senate commends Total’s $16bn investment in Nigeria

The Chairman Senate Ad hoc Committee on Local Content, Mr Solomon Adeola, has commended the management of Total Upstream Nigeria Limited on its $16bn (N5.76tn) Egina project in Nigeria.

N5.76trn Total Upstream Nigeria Egina FPSO berths in Nigeria

The Total Upstream Nigeria Limited (TUPNI) $16 billion (N5.76 trillion) Egina Floating Production Storage and Offloading unit (FPSO) project on Wednesday arrived Nigerian shores from South Korea.

No upward review of Egina project budget – Total

Total Upstream Nigeria Limited (TUPNI) said the budgeted cost for the Egina project since the final investment decision made in 2013 was not reviewed upwards.

Egina floating storage expected to sail into Nigeria today

History will be made today, as the energy and maritime industry expect the $3.3 billion Egina Floating Production Storage Offloading (FPSO) vessel to sail into Lagos, making Nigeria the first in Africa to fulfill the local content integration.

$3.3b Egina oilfield floating vessel to arrive Nigeria

Nigeria’s oil and gas industry is set to record another milestone as the 3.3 billion dollar Floating Production Storage Offloading vessel for the 200,000 barrels per day capacity Egina deepwater oilfield arrives Nigeria from South Korea on January 23.

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