Located 150km off the coast of Nigeria and about 20km away from Akpo field, the Egina field lies within OML 130 in water depths ranging from 1150-1750m and covers an area of approximately 500 square miles.
The field was discovered in December 2003 with the Egina-1 well. Following the discovery, the appraisal well Egina-2 was drilled in October 2004 which preceded further seismic processing and drilling of three additional wells within September 2006 and January 2007. The five wells drilled in the Egina field encountered 60 to 80 metres of oil in Miocene sands. The light oil is rated at 28° API and the estimated reserves are in excess of 550 million barrels.
The field infrastructure includes an FPSO with storage capacity of 2.3 million barrels, an oil offloading terminal and subsea production systems.
The oil field is estimated to reach a peak production rate of 200,000 barrels per day, while the new FPSO will have a production capacity of 208,000 barrels per day. Oil will be offloaded via a SPM buoy, with tandem as a back-up. Excess gas after fuel gas will be exported to shore via the AKPO-AMENAM gas export pipeline.
The field is currently under development and the production is scheduled to begin in 2017. The forecast peak production for this field is 200 mmbbls.