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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.

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.

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