The Agbami field offshore Nigeria started producing oil on 29 July.
The field is expected to reach plateau production of 250,000 barrels of oil a day by late 2009. Total field reserves are estimated at around 900 million barrels oil equivalents.
StatoilHydro has an 18.85 % stake in Agbami. Operator Chevron has a 68.15% interest and Petrobras holds the remaining 13%. The field lies approximately 110 kilometres off the Nigerian coastline.
“This is a very important milestone for StatoilHydro. We have worked in Nigeria for 15 years to achieve this remarkable project, and it’s most satisfying to commence production,” says Thore E. Kristiansen, senior vice president and head of INT South Atlantic.
“At plateau production, StatoilHydro expects some 44,000 barrels of equity production a day from Agbami – a substantial contribution to our overall international output,” he adds.
The scale of the Agbami project is massive and the safety record impressive. The project team overcame numerous technical and commercial challenges to deliver first oil.
The project is Nigeria’s largest deep-water development to date. Water depths descend to1,500 metres.
The Agbami floating production, storage and offloading vessel is the world’s largest FPSO.
Designed to store about 2.2 million barrels of oil, the vessel is set to be on location for more than 20 years.
Deep into Nigeria
Statoil Hydro has been present in Nigeria since 1992, when the country opened up its deepwater licenses.
StatoilHydro in Nigeria is currently operator for two deepwater licenses, OMLs 128 and 129, the latter of which contains the Bilah and Nnwa gas discoveries.
“This marks a watershed in our operations in Nigeria as the huge Agbami field comes into production. We are proud to be a part of this world-class project,” says Helge Håland, managing director, Statoil Nigeria.