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NNPC Starts Seven Gas Projects to Generate 15,000MW

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Electricity - Investors King
  • NNPC Starts Seven Gas Projects to Generate 15,000MW

The Nigerian National Petroleum Corporation announced on Monday that it had commenced a technical framing workshop and subsequent project signing ceremony of the seven critical gas development projects to deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020.

It said the 7CGDP was an integral leg of the gas development strategy designed to leverage the full potential of gas to meet the target of generating at least 15,000 megawatts of electricity by 2020.

The Group Managing Director, NNPC, Dr Maikanti Baru, said the projects would also close the demand-supply gap in the domestic gas market.

He stated that the corporation had engaged DeltaAfrik/Worley Parson and Crestech/Penspen to work with the Nigerian Petroleum Development Company and NNPC joint venture partners and other stakeholders to achieve the set project deliverables.

Baru said the corporation was working closely with other agencies like the Department of Petroleum Resources and the Nigerian Content Development and Monitoring Board to ensure timely approvals for the project and ensure that lease renewals requests related to the projects were supported for renewal by relevant agencies.

The Managing Director, Shell Petroleum Development Company, Mr Osagie Okunbor, whose firm is handling three out of the seven projects, pledged the commitment of the company to the successful execution of the 7CGDP, noting that Shell was fully aligned with Nigeria’s gas strategy and aspirations.

The 7CGDP include the development of the 4.3 trillion cubic feet Assa North/Ohaji South field; the development of the 6.4 TCF unitised gas fields (Samabri-Biseni, Akri-Oguta, Ubie-Oshi and Afuo-Ogbainbri); and the development of the seven TCF NPDC’s Oil Mining Leases 26, 30 and 42.

Others are the development of 2.2 TCF SPDC JV gas supply to Brass Fertiliser Company; the cluster development of five TCF OML 13 to support the expansion of Seven Energy Uquo Gas Plant; and the cluster development of 10 TCF Okpokunou/Tuomo West (OMLs 35 and 62).

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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