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COMD LAGOS OPERATIONS OFFICE COMES OF AGE

OPERATIONS

Activities in Lagos office operations commenced in March 2008 with the monitoring of Agbami FPSO which was commissioned at the time.

Having handled Agbami operations successfully without hitches, Erha and Bonga FPSO operations from the Western and Eastern Zones were transferred to the Lagos Zone.

THE FPSO TERMINALS IN LAGOS ZONE

Presently, there are four (4) operational FPSO terminals under the Lagos Office Operations, comprising of Bonga, Erha, Agami and Akpo.

Bonga has capacity to produce 225,000bbls per day, but currently produces at about an average of 167,141/day. Erha has capacity to produce 215,000 bbls per day when fully operational but currently operates at an average of 181,223bbls/day.

Similarly, Agbami which came on stream on 28 July, 2008, has storage capacity for 2.15million bbls and can to produce 250,000bbls/day when fully operational but it is currently on average daily production of 225,574 bbls.

Akpo current production is at an average of 175,707 bbls/day Akpo FPSO is the latest of the four FPSOs to join Lagos operation Zone in March 2009. Akpo field is located 200Km south of Port Harcourt and lies within the coordinates of Latitude Lat 03o 08’ 27.12" N and Long 06o 49’ 22.04" E. The CALM Buoy is within Lat 03o 09’ 34.44" N and Long 06o 49’ 42.17" E. It has Two (2) waiting Areas; 1 (South):-Lat: 03o 03’ 43.622" N and Long: 06o 49’ 53.168" E.

The waiting Area 2 (North):- Lat: 03o 10’ 08.600" N and Long: 06o 54’ 05.687" E Akpo FPSO Construction took place in Ulsan, South Korea (2006 – 2008) and it was designed to last for 20 years with a maximum POB of 240.

The hull capacity is 310mx61m(LxBxH). It has a storage capacity of 2million barrels. The FPSO sailed for a period of about 4 months from Korea and arrived Nigeria on 18th October 2008 before it finally became operational in March 2009.

Levels in Akpo FPSO:
The FPSO is made up of 4 levels excluding ground floor

Level:O:- Instruments & Electrical Workshop, Laundry, Gymnasium and Chemicals & Paints store

Level 1:- Offices (13 x 2man office + 10 x 1-man office), CCR, Telecoms & Instrument Room and Locker Rooms

Level 2:- Gallery / Dining Room / Lounges and Games / TV Rooms


Level 3:- Sleeping Quarters, Muster Rooms and Embarkation Rooms

Level 4:- Sleeping Quarters, Medical Ward & Store, Baggage / Linen Stores

There are two types of ownership lifting agreements concerning AKPO:-

AKPO FPSO: Export Procedure

Condensate export as per Lifting Agreement

::
Prod forecast - Lifting Allocation - Monthly Lifting Schedule - Agree Lay can - Tanker Nomination & DI - Obtain Clearances - On-Site Preparation - Move Lifting Crew / Authorities to Site - Inward Clearance - Berthing - Loading/ Documentation - Vessel Release
::
Documentation by Customized Software
::
Gas export as per Gas Utilization Agreement

Same documentation for all partners

1 TUPNI documents with PSA/PSC inscription on all documents
2 8 documents (B/Lading, Cert of Quantity, Cert of Quality, Time Sheet, Ullage Report, Cargo Manifest, Master’s Receipt for Docs & Samples, Cert of Origin

Proposal for Partners to delegate document signing to TUPNI

A. CRUDE OIL LIFTINGS ACTIVTIES

Agbami FPSO handles an average of 8 cargoes each month while Bonga and Erha handle an average of six cargoes per FPSO every month. Akpo which is the newest terminal is as busy as any other FPSO in the zone; as it now handles as many as 5 liftings per month and each cargo in the range of 1,000MB

The Lagos Operational Office has been able to make a great impact within its short period of existence despite the constraint of manpower shortage. With so much focus on
deepwater operations, it is believed that the Zone will continue to expand in scope and capacity.

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