Page 37 - Processing Company News Today

Punch Newspapers Sections ’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...

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 Nigeria’s Imo state. The ANOH gas processing plant is now fully funded with Seplat and NGC previou...

Vanguard News Translate 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 Niger...

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 fo...

Seplat Petroleum Development Company Plc has announced that it successfully raised $260m from a consortium of seven banks through  its Incorporated Joint Venture, the ANOH Gas Processing Company. The energy company, in statement issued by the Company Secretary/General Counsel, Mrs. Edith Onwuchekwa, on Monday said the fund would be used to finance the completion of the 300MMscfd capacity ANOH plant, located on OML 53 in Imo State. It added that the ANOH Gas Processing is an IJV owned equally b...

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, announces that its Incorporated Joint Venture (“IJV”), the ANOH Gas Processing Company (“AGPC”), has successfully raised US$260m in debt to fund completion of its ANOH Gas Processing Plant (“ANOH”).  The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is being built by AGP...

At a period loans to the oil industry are non-performing, Nigerian banks still continue to pump credit into the oil market, with the latest beneficiary being Seplat Petroleum, which recently raised $260 million from six Nigerian banks and two foreign lenders. Seplat Petroleum raised the capital to fund its incorporated joint venture, ANOH Gas Processing Company (AGPC), which is equally owned with Nigerian Gas Company (NGC), a subsidiary of Nigerian National Petroleum Corporation (NNPC). The lis...

Crude oil prices have risen incredibly in 2021 amidst global vaccination, lockdown easing and sustained OPEC+ production cuts. Analysts all over the world were beginning to speak about a supercycle for oil. Brent crude was gearing towards $70. Big banks in the US like Goldman Sachs and Morgan Stanley all made predictions of a $70 – $75 oil at some point in 2021. Christyan Malek, JP Morgan’s Head of Oil and Gas stated, “We could see oil overshoot towards, or even above, $100 a barrel.” ...

Lagos, Jan. 28, 2021 SEPLAT Petroleum Development Company Plc, has announced the appointment of Mr Okechukwu Mba, as the new Managing Director of ANOH Gas Processing Company (AGPC) Limited, effective from Jan. 1, a statement from the company has said. According to the statement, made available to Naija247news on Thursday, in Lagos, AGPC is the Incorporated Joint Venture (IJV) between SEPLAT and the Nigerian Gas Company (NGC), a wholly-owned Nigerian National Petroleum Corporation (NNPC) subsidi...

Seplat Petroleum Development Company Plc has appointed Mr. 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). The ANOH Gas Processing Company (AGPC) Limited is a midstream gas company committed to processing Gas from OML 53 for distribution to the local market. According to a statement yesterda...