The multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) vessel currently under construction in Geoje, South Korea, will begin its sail to Nigeria in August, The Guardian reports.

The FPSO is being developed for deployment in the Egina oil field, located 150km off the coast of Nigeria. The field is currently under development and production is scheduled to begin in 2018. The Egina Field when completed is expected to add 200,000 barrels per day to the national oil production. The Nigerian Maritime Administration and Safety Agency (NIMASA), has already commenced preparations to receive the vessel amid tight security and safety procedures.

The Director General, NIMASA, Dakuku Peterside, disclosed this during a meeting with the Executive Vice President of Samsung, Younsang Won, representatives of Total E&P Nigeria, and the Vice President in charge of Egina project, Yongho Jo, while on a working visit to inspect the project at the Samsung Shipyard in the Samsung Heavy Industries in Geoje, South Korea.