The Nigeria National Petroleum Company Limited (NNPC Ltd) has sealed a partnership with Golar LNG for the deployment of a floating Liquefied Natural Gas offshore in Niger Delta, Nigeria.
Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, stated in a statement on Tuesday that a Project Development Agreement (PDA) was signed for the development.
He said that the agreement serves as a commitment towards monetising Nigeria’s vast natural gas resources.
He also added that PDA is another major milestone achievement towards ensuring gas commercialisation through deployment of an FLNG Facility in Nigeria.
A signing ceremony took place which was attended by Chief Financial Officer, Umar Ajiya, Executive Vice President Gas Power & New Energy, Olalekan Ogunleye, Executive Vice President, Upstream, Mrs Oritsemeyiwa Eyesan, Karl Staubo (CEO) and others representative.
“The agreement aims to monetise vast proven gas reserves from shallow water resources offshore Nigeria.
“The PDA also outlines the monetisation plan that will utilise approximately 400-500mmscf/d and produce LNG, Liquefied Petroleum Gas (LPG) and Condensate,” he said.
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