The Agbami field offshore Nigeria started producing oil on 29 July 2008.
The field is expected to reach plateau production of 250,000 barrels of oil a day by late 2009. Total field reserves are estimated at around 900 million barrels oil equivalents.
StatoilHydro has an 18.85 % stake in Agbami. Operator Chevron has a 68.15% interest and Petrobras holds the remaining 13%. The field lies approximately 110 kilometres off the Nigerian coastline.
At plateau production, StatoilHydro expects some 44,000 barrels of equity production a day from Agbami .
The Agbami project is Nigeria's largest deep-water development to date. Water depths descend to1,500 metres.
The Agbami floating production, storage and offloading vessel is the world’s largest FPSO.
Designed to store about 2.2 million barrels of oil, the vessel is set to be on location for more than 20 years.
