OML 143: NNPC signs gas development deal with SEEPCO to unlock 1.2TCF
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By Obas Esiedesa
The Nigerian National Petroleum Corporation (NNPC) on Thursday signed a gas development agreement with Sterling Oil Exploration and Production Company (SEEPCO) for the execution of the Oil Mining Lease (OML) 143.
NNPC’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, in a statement in Abuja disclosed that the project would boost the nation’s gas production by 1.2trillion cubic feet (tcf).
The Group Managing Director of the NNPC, Mallam Mele Kyari, who spoke at the signing ceremony said the gas commercialization strategy of the Corporation was in sync with the Federal Government’s National Gas Expansion Programme (NGEP), adding that the gas from the project would be processed at the Ashtavinayak Hydrocarbon Limited (AHL) 125million standard cubic feet (mmscf) of gas per day gas plant located in Kwale, Delta State.
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OML 143: NNPC, SEEPCO Sign Gas Development Agreement To Unlock 1.2TCF Posted by African ExaminerAfrican News, Business, Featured, Latest News, News Thursday, April 22nd, 2021
(AFRICAN EXAMINER) – The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC and its partner, Sterling Oil Exploration and Production Company (SEEPCO).
A statement by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, disclosed that the project would boost the nation’s gas production by 1.2trillion cubic feet (tcf).
Speaking at the GDA signing ceremony which held at the NNPC Towers, Abuja, the Group Managing Director of the NNPC, Mallam Mele Kyari, said the gas commercialization strategy of the Corporation was in sync with the Federal Government’s National Gas Expansion Programme (NGEP), addi
The new taxes introduced by the government in the 2021 budget are to come into effect in May this year, the Ghana Revenue Authority has announced.
Presenting the budget on behalf of Finance Minister Ken Ofori-Atta, Majority Leader Osei Kyei-Mensah-Bonsu, on Friday, 12 March 2021, told Parliament that the government was introducing a 10p sanitation and pollution levy; and 20p excess power capacity levy, both on the Energy Sector Levy Act (ESLA), with the combined effect being an increase in the ex-pump price of fuel by 5.7 per cent.
Additionally, the government introduced a 1 per cent COVID-19 levy on VAT, Flat Rate Scheme; 5 per cent financial clean-up levy on banks’ profit-before-tax and also considered adjusting road tolls to align with current trends.
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