The entire $23 billion process will ship natural gas from Africa to the global markets.
Total SA has obtained the exclusive right to explore three blocks – 7, 8 and 11, which are located within the oil-rich Joint Development Zone (JDZ).
Major international oil companies in Nigeria owe a collective tax arrears of about $20 billion, money the Government is now demanding that they pay.
Egina is expected to begin operation early next year.
Patrick Pouyanne said the future looks bright for global crude oil prices.