Egina Slides Deeper, Desperate for The Floor - Africa’s premier report on the oil, gas and energy landscape.

Egina Slides Deeper, Desperate for The Floor

By Johnson Otalo

The Egina field in deep offshore Nigeria has plunged further lower than the symbolic 100, 000Barrels of Oil Per Day

Its April 2023 output of 91,266BOPD is an even stronger signal of its  unrelenting pace of decline since plunging to 145,000 Barrels of Oil Per Day BOPD, as of March 2022, a clear 25% decline in two years of production

The field commenced production in December 2018 and peaked at 200,000BPD in mid-2019.

Peak output, as a rule, for a field its size, (>500Million barrels estimated recoverable reserves) should take at least three years before descent.

On the contrary, Nigeria’s “youngest” large sized deepwater development started crashing rapidly from peak output in 2020.

The field now delivers less than Chevron operated Agbami and Shell operated Bonga complex, both of which have been in production for over 12 years.

Egina’s rapid fall contrasts the argument that Nigeria’s output decline is largely the result of pipeline sabotage, which obstructs evacuation from the flowstations to the terminals. It also challenges the notion that wells shut in out of economic or physical challenges are the major culprits for the country’s production slide. What this precipitous drop calls for is massive investment in new field development away from easy targets of saboteurs.

TOTAL has commenced a nine well drilling campaign including seven development and two exploration wells to halt the decline, but it’s not clear if hook up of the new producers has commenced.

This story is an updated and abridged version of the one published in the March 2023 edition of Africa Oil+Gas Report, released to paying subscribers. It is here as a form of public service.

 

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5 comments

  1. Don pee says:

    I think this is a very dangerous situation, because this is happening to soon, I was part of the seadrill west Jupiter rig Crew that develop that field between 2014 and 2019 when the contract ended, so something very serious must be done by the incoming government to increase Nigerian crude oil out put before it gets out of hand, more so as out going one refused to encourage development and drilling of new oil and gas field, since it came to power, which means that for almost eight years no new oil and gas field contact were awarded, this is bihari for you.

  2. Baba_Nez says:

    Reading this article make me feel so sad 😞. Egina field failing?

  3. Mighty says:

    I need to know things about de job

  4. OLUMIDE SHOTONWA says:

    EGINA CAN DEPLETE SO SOON, THE RESERVOIR TEAM SHOULD GO BACK AND CHECK THE PERF LOGS AND OTHER FOOTPRINT DATA.

    BETYER STILL CALL IN SPECIALIST DEEPWATER RESERVOIR EXPATS.

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