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NNPC Takes Final Decision On New Gas Field In Assa Ohaji Imo State by tyhgfrdeswscbhf(f): 2:06pm On Apr 08, 2019 |
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.premiumtimesng.com/business/business-news/312690-nnpc-takes-final-decision-on-new-gas-field.html&ved=0ahUKEwiRlq_uxsDhAhUh8-AKHWBIAvo4HhCpAggjKAEwAA&usg=AOvVaw0Q5YAtdGwjg33edGCGd4OR NNPC takes final decision on new gas Premium Times Monday, April 8, 2019 Home News Investigations Business Health Agriculture Arts/Life Sports Projects World Cup 2018 DONATE NNPC takes final decision on new gas field February 13, 2019Bassey Udo NNPC TOWERS A step for attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) on Wednesday. The corporation took the Final Investment Decision (FID) on the 4.3 trillion cubic feet Assa North/Ohaji South Fields development. The field located in oil mining lease (OML 21) is operated by NNPC and its Joint Venture partners, namely Shell Petroleum Development Company (SPDC), Total Exploration and Production Nigeria (TEPNG) and Nigeria Agip Oil Company (NAOC). NNPC spokesperson, Ndu Ughamadu, said the project, when fully developed, would add about 600 million standard cubic feet of gas per day (mmscfd) to the national gas grid. The field can expand to about 1.2 billion cubic feet per day, with another 197 million barrel (mmstb) of condensate realised. The Group Managing Director of the NNPC, Maikanti Baru, described the Assa project as a critical gas supply hub in Nigeria’s burgeoning gas-infrastructure network designed to provide the linkage between the Eastern, Western and Northern gas pipeline system. Mr Baru was represented at the event by NNPC Chief Operating Officer, Upstream, Bello Rabiu. He said the successful completion of the multi-faceted project would depend on some critical success factors and enablers. These include synergy and teamwork between NNPC and all the key stakeholders. The signing the FID on the ANOH Project is coming more than 14 years since negotiations began. He said the corporation and its JV partners have worked on all the issues and have developed a sustainable strategy to develop the considerable gas resources in Assa North-Ohaji South Fields. The NNPC, Shell, Total and Nigeria Agip project teams and other critical stakeholders will enter into the next major phase of the Engineering, Procurement and Construction (EPC) of this project. Mr Baru said the NNPC would continue to leverage on available expertise and capital from its global outreach to accelerate and deliver on first gas from the project between the last quarter of 2019 and the first quarter of 2020. To realise this objective, NNPC engaged two world-class project management consultants (DeltaAfrik/Worley Parson & Crestech/Penspen) who will work with NNPC JV Partners and other stakeholders to achieve set project deliverables. Also, NNPC Project Management Teams are expected to strengthen oversight functions by ensuring prompt decision making and timely approvals. The Managing Director SPDC and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, said as operators of the project, Shell was committed to the successful implementation of the project. Mr Osagie said the project would offer opportunities for Nigerian firms to benefit from engineering, procurement and construction contracts. He announced the inauguration of boards to administer the Global Memorandum of Understanding (GMoU) for the two clusters to the tune of N1 billion for developmental projects within the host communities for the next five years. Meanwhile, the Managing Director of TEPN, Nicholas Terraz, and Lorenzo Fiorillo, MD, NAOC, also aligned their companies with the NNPC’s aspiration of ensuring timely completion of the project. WhatsAppFacebookTwitterEmailLinkedInPrintTelegramSkypeMore Support PREMIUM TIMES' journalism of integrity and credibility Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government. For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour. By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all. DONATE Bassey Udo Bassey Udo is PREMIUM TIMES’ Business & Economy Editor. He has covered finance, energy, oil, gas & extractive industries for over a decade. He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. Twitter: @ba_udo NEVER MISS A THING AGAIN! Subscribe to our newsletter * indicates required Email Address * DOWNLOAD THE PREMIUM TIMES MOBILE APP Now available on Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES. 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Re: NNPC Takes Final Decision On New Gas Field In Assa Ohaji Imo State by tyhgfrdeswscbhf(f): 2:08pm On Apr 08, 2019 |
Fp |
Re: NNPC Takes Final Decision On New Gas Field In Assa Ohaji Imo State by Turantula(m): 2:51pm On Apr 08, 2019 |
I thought these terrorists said they discovered oil and gas in Bauchi State, wonder what stopping them from exporting it |
Re: NNPC Takes Final Decision On New Gas Field In Assa Ohaji Imo State by stephleena(f): 2:53pm On Apr 08, 2019 |
Turantula:lol..yes they've found groundnut oil 1 Like |
(1) (Reply)
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