Nigeria's oil production is expected to rise by additional 350,000 barrels per day when two recently approved projects by the Nigerian units of French Total's Egina and America Exxonmobil's Erha North are completed before the end 2016.
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Nigeria's Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, disclosed this on Monday at the opening of the 2013 edition of the Offshore Technology Conference, OTC, holding at the Reliant Park, Houston Texas, USA.
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The minister, represented by the Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, also said the two deepwater projects have a combined reserve base of over 900 million barrels of oil.
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The minister, who spoke during a luncheon on West Africa Development, explained: "The Egina field is a new built Floating Production.