Egina deep-water oil field produced its first oil on December 29, 2018, the Chief Executive officer of state-run Nigerian National Petroleum Corp. has confirmed.
The $16-billion field began streaming oil at 11.20 pm on December 29, according to Maikanti Baru, group managing director of NNPC.
Egina has capacity to produce 200,000 barrels of crude oil per day at its peak. Baru did not say how much was produced on the first day.
Egina is operated by Total Upstream Nigerian Limited in partnership with NNPC, while SAPetrol and Petrobras are equity holders in the venture.
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