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NCDMB Partners ANOH Gas on Oil Industry Training Centre


By Emma Addeh and Peter Uzoho
The Nigerian Content Development and Monitoring Board (NCDMB) has commenced a partnership arrangement with the ANOH Gas Processing Company Limited for the completion of the Center for Skills Development and Training (CSDT) located at Greater Port Harcourt Area, Rivers State.
Construction work at the skill acquisition center had been stalled since 2014, due to paucity of funds after it was conceived by the Petroleum Technology Development Fund (PTDF) to train and increase the competence and capabilities of Nigerians to meet the low-to-middle level human resources needs of the Nigerian oil and gas industry.
The Executive Secretary of NCDMB, Mr. Simbi Wabote, stated in a statement that the board commenced discussions with PTDF in late 2019 on areas of collaboration to complete and operationalise the center. ....

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AGPC secures $260m financing for $650m gas processing facility


AGPC secures $260m financing for $650m gas processing facility
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By Emeka Anaeto
ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant.  The financing was more than 50percent oversubscribed.
The 300MMscfd capacity project is located on OML 53 in Imo State, Nigeria. AGPC’s shareholders – NGC and Seplat have each provided $210million in equity funding. The $260million financing allows for an additional $60million accordion at the time of completion to fund an equity rebalancing payment at that time, if appropriate. ....

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