The Agbami field is one of the largest deepwater discoveries to date in Nigeria, with estimated recoverable reserves of 900 million barrels. The Floating Production Storage and Offloading (FPSO), Agbami vessel came online on July 29, 2008. The Agbami FPSO is designed to handle 250,000 barrels of oil a day, bopd with an additional 450 million cubic feet of gas daily, MMcf/d and 450,000 barrels of injected water per day.

Daewoo Shipping and Marine was contracted to provide the FPSO for a consideration of $1.1 billion. Daewoo subcontracted to KBR, which provided the topside design and procurement services for the FPSO. The vessel has a storage capacity of 2.2 million barrels of oil and is designed to be on location for 20 years.

Chevron operator of the field in a recent report said it made a significant local content contribution in the course of developing the project. indeed the Agbami project set industry standards by fabricating more than 10,000 tonnes of steel with Nigerian fabrication companies, the highest ever recorded in Nigeria. Similarly, Chevron also trained 105 Nigerian engineers from 21 engineering companies in South Korea.

Before the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in 2010, only a few International Oil Companies (IOCs) had deliberately put in place policies to build, enhance and sustain the capacity of indigenous companies and contractors to enable them to fully participate in Nigeria’s oil and gas industry.

Source: Leadership