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Jubril Adedayo Profile picture
Jubril Adedayo
@jaki006
Financial Analyst
Jan 2, 2019 • 16 tweets • 3 min read
Total's Egina field achieved first oil in December.

At its peak, the field will increase Nigeria's production by 10% in 2019.

However, under OPEC's 1.2million production cut agreement, Nigeria is expected to keep OIL production at 1.738mln/day (excluding other liquids). The development will take Nigeria's total liquid (crude oil, condensate etc) above 2.1mln b/day in 2019.

This is still below the proposed budget benchmark of 2.3mln b/d.