Nigeria Heads to Sea in Search of Future for Oil Producers
- Total behind the first offshore field to start since 2012
- French major’s Egina could boost oil output by 10 percent
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When it comes to the future of its oil industry, Nigeria is looking miles out to sea.
By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath the seabed, boosting the West African country’s oil output by about 10 percent. The project, viewed as the most ambitious in Nigeria’s history, could help to push production to a record by 2022.