With the Egina Oil Field set to commence production next month, Nigerian oil production is set to climb to around 2.2 million b/d by early next year. This was disclosed by the Minister of State for Petroleum, Mr. Emmanuel Kachikwu last week in an interview with S&P Global Platts on the sidelines of the Africa Oil Week conference in Cape Town, South Africa. According to the Minister, it is expected that production in the Egina, estimated to be up to 200,000 b/d will boost Nigeria’s oil production levels by as much as 10%.
The proposed commencement of production on the Egina Oil Field is a promising new development that will hopefully attract more investments in the Nigerian oil and gas industry and help boost Nigeria’s crude production levels. In addition to boosting oil production levels, the Egina Oil Field is projected to generate significant activities for local contractors in various sectors and contribute to the training and development of Nigerians working in various domains. The Egina Oil Field is operated by Total Upstream Nigeria Limited in partnership with China National Offshore Oil Corporation (CNOOC), South Atlantic Petroleum (SAPETRO) and Petrobas.
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