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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Oil mining lease: NNPC, SEEPCO sign agreement to unlock 1.2tcf gas Oil mining lease: NNPC, SEEPCO sign agreement to unlock 1.2tcf gas
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Following the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA), the NNPC and its partner, Sterling Oil Exploration and Production Company (SEEPCO) signed an agreement to boost the nation’s gas production by 1.2trillion cubic feet (tcf).
Speaking at the GDA signing ceremony in Abuja, the Group Managing Director of the NNPC, Mallam Mele Kyari, said 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.
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
These promises were collated from the APC policy document and manifesto, Buhari’s 100 days covenant, speeches at campaign rallies and town hall meetings nationwide in a runoff to the 2015 election.
Addressing the challenges formed the bedrock of a road map for the industry called the “7 Big Wins” which was launched by the president in October 2016.
The campaigns then were based on the ‘Change’ mantra. However, even on the ‘Next Level’ agenda which is already more than one year, the administration is still grappling to fulfill these promises.
The 7 Big Wins are Policy & Regulation, Business Environment & Investment Drive, Gas Revolution, Refineries and Local Production Capacity, Niger Delta & Security, Transparency & Efficiency, and Stakeholder Management and International Coordination.