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’Femi Asu
Seplat Petroleum Development Company Plc announced on Monday that the ANOH Gas Processing Company has successfully raised $260m in debt to fund completion of its ANOH Gas Processing Plant.
The ANOH plant, located on OML 53 in Imo State with a capacity of 300 million standard cubic feet per day, is being built by AGPC, according to a statement issued by the oil firm on Monday.
AGPC is an incorporated joint venture owned equally by Seplat and the Nigerian Gas Company, a wholly-owned subsidiary of Nigerian National Petroleum Corporation.
According to the statement, Seplat and NGC have previously provided a combined $420m in equity funding and the project is now fully funded.
AGPC raises $260m for ANOH gas processing plant in Nigeria
The gas plant, which is being built on the OML 53 block in Niger Delta, is now fully funded
The ANOH gas processing plant is due to begin production in Q4 2021. (Credit: Seplat Petroleum Development Company Plc)
ANOH Gas Processing Company (AGPC) has raised $260m in debt towards the completion of its $650m ANOH gas processing plant in Nigeriaâs Imo state.
The ANOH gas processing plant is now fully funded with Seplat and NGC previously providing a combined equity funding of $420m.
Located on the onshore OML 53 block in the north eastern Niger Delta, the gas processing plant is planned to have a capacity of 300 million standard cubic feet per day (MMscfd).
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Seven banks deliver $260m for Imo ANOH Gas Processing Plant completion
On
By Prince Okafor
A consortium of seven banks has on Monday, provided $260 million to fund the completion of Assa North-Ohaji South (ANOH) Gas Processing Plant.
The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is owned by Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), an Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange
The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is being built by AGPC, which is an IJV owned equally between Seplat and the Nigerian Gas Company (“NGC”), a wholly-owned subsidiary of Nigerian National Petroleum Corporation (“NNPC”). Seplat and NGC have previously provided a combined US$420m in equity funding and the project is now fully funded.
SEPLAT appoints Mba MD of ANOH Gas, others as directors
On
By Prince Okafor
Seplat Petroleum Development Company Plc has appointed Okechukwu Mba as the new Managing Director of ANOH Gas Processing Company (AGPC) Limited, the Incorporated Joint Venture (IJV) between Seplat and the Nigerian Gas Company (NGC), a wholly-owned subsidiary of Nigerian National Petroleum Corporation (NNPC).
ANOH Gas Processing Company (AGPC) Limited is a midstream gas company committed to processing Gas from OML 53 for distribution to the local market.
By this appointment, Mba joins the Board of AGPC.
Also appointed to the AGPC Board are Dr. Chioma Nwachuku, Seplat’s General Manager, External Affairs and Communications, and Rose N. Eshiett, Group General Manager Finance at the Nigerian National Petroleum Corporation (NNPC).