Five agreements to expedite the
development of a project that will deliver about 3.4 billion standard
cubic feet of gas per day by 2020 has been signed by Nigeria National
Petroleum Corporation (NNPC) and Seplat Petroleum Development
Company (SPDC).
development of a project that will deliver about 3.4 billion standard
cubic feet of gas per day by 2020 has been signed by Nigeria National
Petroleum Corporation (NNPC) and Seplat Petroleum Development
Company (SPDC).
The project, Assa North and Ohaji South
(ANOH) gas development scheme, is one of the 7 Critical Gas Development
Projects (7CGDP), which is aimed at boosting gas production and
infrastructure development.
(ANOH) gas development scheme, is one of the 7 Critical Gas Development
Projects (7CGDP), which is aimed at boosting gas production and
infrastructure development.
The Group Managing Director of the NNPC,
Dr. Maikanti Baru, said at the signing ceremony that a special purpose
vehicle known as ANOH Gas Processing Company (AGPC) was being promoted
by the Corporation and Seplat to develop, build,
operate and maintain the ANOH Gas Processing Plant with an initial
capacity of 300 million standard cubic feet per day in Imo state.
Dr. Maikanti Baru, said at the signing ceremony that a special purpose
vehicle known as ANOH Gas Processing Company (AGPC) was being promoted
by the Corporation and Seplat to develop, build,
operate and maintain the ANOH Gas Processing Plant with an initial
capacity of 300 million standard cubic feet per day in Imo state.
Dr. Baru, who was represented by Mr.
Saidu Mohammed, the Chief Operating Officer, Gas and Power, said that
the NNPC would do everything possible to ensure that the project was
successfully delivered.
Saidu Mohammed, the Chief Operating Officer, Gas and Power, said that
the NNPC would do everything possible to ensure that the project was
successfully delivered.
He urged the AGPC to work hard and
deliver the project on schedule, within budget and to specification,
stressing that it was designed as world-class gas processing plant with
capacity to deliver between 3 billion and 3.4 billion
standard cubic feet of gas daily.
deliver the project on schedule, within budget and to specification,
stressing that it was designed as world-class gas processing plant with
capacity to deliver between 3 billion and 3.4 billion
standard cubic feet of gas daily.
The report by Nigeria’s Independent Newspaper on Tuesday
said that the Chief Executive Officer of Seplat, Mr. Austin Avuru,
described the ANOH Gas Processing Plant as a landmark project, which
captures the essence of the gas infrastructure
development initiative of the Federal Government as encapsulated in the
7 Big Wins and 12 Business Focus Areas programmes.
said that the Chief Executive Officer of Seplat, Mr. Austin Avuru,
described the ANOH Gas Processing Plant as a landmark project, which
captures the essence of the gas infrastructure
development initiative of the Federal Government as encapsulated in the
7 Big Wins and 12 Business Focus Areas programmes.
Avuru expressed that AGPC would deliver
the project within the next 18 months and achieve its objective of being
a key gas supplier to both the domestic and export market.
the project within the next 18 months and achieve its objective of being
a key gas supplier to both the domestic and export market.
The MoU signed include: the AGPC
Shareholders Agreement between AGPC, NGPTC and Seplat; AGPC Share
Subscription Agreement between AGPC, NGPTC and Seplat; Wet Gas Sales and
Purchase Agreement between, NNPC, Seplat and AGPC; Gas
Sale and Purchase Agreement between AGPC and Nigerian Gas Marketing
Company (NGMC); and Gas Marketing Agreement between AGPC and NGMC.
Shareholders Agreement between AGPC, NGPTC and Seplat; AGPC Share
Subscription Agreement between AGPC, NGPTC and Seplat; Wet Gas Sales and
Purchase Agreement between, NNPC, Seplat and AGPC; Gas
Sale and Purchase Agreement between AGPC and Nigerian Gas Marketing
Company (NGMC); and Gas Marketing Agreement between AGPC and NGMC.
The Nigerian Gas Processing and
Transportation Company (NGPTC) and the Nigerian Gas Marketing Company
(NGMC) are all Gas and Power subsidiaries of the NNPC, which is saddled
with the responsibilities of managing the nation’s abundant
hydrocarbon resources on behalf of the Federal Government.
Transportation Company (NGPTC) and the Nigerian Gas Marketing Company
(NGMC) are all Gas and Power subsidiaries of the NNPC, which is saddled
with the responsibilities of managing the nation’s abundant
hydrocarbon resources on behalf of the Federal Government.
