Tag: NLNG

  • CORA, NLNG fete authors for $100,000 literary prize

    In the woods, a flash of white streaked through the trees and disappeared into the denseness of the forest.” Welcome to the world of 10 years old Anisa Daniel-Oniko as expressed in her book, “Double ‘A’ for Adventure”.

    Anisa’s book tells a story of an incident involving two girls and their family that happened on a forest.

    She joined the league of giants when her book made the 2019 initial shortlist of the $100,000 Nigerian Prize for Literature, sponsored by the Nigeria Liquefied Natural Gas (NLNG).

    Since 2004, the prize has rewarded writers yearly. For this year’s edition, a writer of children’s literature will go home with N35.7 million prize money.

    There have been winners, such as Gabriel Okara (co-winner, 2004, poetry) and Prof Ezenwa Ohaeto (co-winner, 2004, poetry) for “The Dreamer, His Vision”.

    Win or not, weeks after Anisa made the list of the prestigious prize, it still feels “surreal”, said the 10-year-old. “I still can’t believe it,” she expressed at the 2019 Book Party, organised by the Committee for Relevant Art (CORA) and the NLNG.

    It was a rich harvest of conversations around children as this year’s edition of the book bash held at Shell Hall of the Musical Society of Nigeria (MUSON) Centre, Lagos. The panel discussion was moderated by Lookman Sanusi, while Osaze was the MC.

    As CORA’s programme chair, Jahman Anikulapo, once observed: “If you make it to the last 11 out of the highly competitive entries, the public needs to hear your voice.” It was no wonder then that the event featured readings and discussions on the 11 books, children literature and performances.

    Anisa joined 10 others authors in the spotlight at the party, which brings the laureates and their books face-to-face with the literary audience to create conversations around them and their work .

    “”I love fantasy books”, Anisa said with broad smiles on her face.   For now, she is working on another title soon to be released.  “I began to read while in my early years in primary school.  This has helped me to know so much about story books and characters.”

    Other laureates with her on stage were  Jude Idada, author of “Boom Boom”; Adaobi Tricia Nwaubani (“Buried Beneath the Baobab Tree”); Nnena Ochiche (“Ginika’s Adventures”); Anote Ajeluorou (“Igho Goes to Farm”); Dunni Olatunde (“Mystery at Ebenezer’s Lodge”);  Ndidi Enenmor (“A Hero’s Welcome”); Nkiru Uzoh (“Obioma: A Girl’s Journey to Self-Discovery”); The O. T. Begho (Great Walls of Benin); Oladele Medaiyese (She Calls Him Daddy) and Lami Adejoh Opawale (Spurred).

    To Idada: “We can change the world if we can do things right. I wrote it because I have lost four friends from the sickle cell anemia disorder. It is basically on sickle cell in children. It is about an eight-year-old boy that had a dog that could speak. I felt it is  high time to throw more light on the disorder.  It is a lesson  for children to learn about it early in life.  A lot of parents do not understand the real meaning of this sickness.”

    On his book, journalist, Ajelourou of the Guardian Newspapers, said: “It is to let parents learn how to take their children to the village often enough.”

    Begho spoke from Saint Kitts Island, Caribbean Island,  through Skype, said the past and something historic inspired him to write the story.  “I  noticed we have a shortage of positive African stories to assist children.  Since we have a rich past I decided to look into that to produce this book. I used cartoons on TV to illustrate part of it to aid the children when they read the book,” he said.

    To Nwaubani, her story was from interactions with girls captured by Boko Haram insurgents.  “This novel indeed, is a harrowing story of survival and then the hope in the darkest of places. It is based on the experiences of young women, who were captured by Boko Haram. The case of these set of girls even happened before that of the Chibok girls.  What I did was to look for them, interviewed them to produce this book,” she said.

    Since the first edition in 2009, the book party has become a platform through which writers on the prize initial shortlist alongside their works are engaged by the public.

    “The book party is used to celebrate the authors and their works for emerging as some of the very best in the country. The book party is a way of ensuring that there’s a robust audience engagement with the books that have been longlisted for this award. A work that makes it to the last 11, is worthy of significant public acknowledgment,” CORA Secretary-General, Toyin Akinosho, said.

    According to him, despite the advent of social media, his organisation believed that a rich ecosystem around the book trade is still possible. “CORA believes in the building of the soft infrastructure of the book industry; the presence and improvement of book reviews in the old and new media, the availability and utility of a functional library system, the efficiency of distribution and the profitability of the vocation of writing,” he said

    A shortlist of three is expected in September and the Advisory Board will announce a possible winner in October.

    The chairman, panel of judges for this year’s prize is Professor Obodimma Oha, a professor of Cultural Semiotics and Stylistics in the Department of English, University of Ibadan. Other members of the panel of judges include Professor Asabe Usman Kabir, professor of Oral and African Literature at Usmanu Danfodiyo University Sokoto and Dr. Patrick Oloko, a senior lecturer at the University of Lagos, who specialises in African post-colonial literature, gender, and cultural studies.

  • LPG off-takers decry supply marginalisation by NLNG

    Some off-takers of liquefied petroleum gas (LPG) have accused the Nigerian Liquefied Natural Gas (NLNG) of marginalisation in the distribution of the product in Lagos.

    The off-takers said the NLNG, which is the sole local supplier of LPG, also called cooking gas,    deliberately restricted supply of the product to an arm of the Nigerian National Petroleum Corporation – the Pipeline and Products Marketing Company (PPMC). The off-takers said the NLNG supplied LPG only to PPMC jetty in Lagos, including NIPCO in the last two years.

    They said NIPCO received bulk of the supply, which is an average of 8,000metric tonnes per delivery by the NLNG while other terminals such as NAVGAS was were denied supply.

    The off-takers stated that NAVGAS, the operator of the terminal from which they get supply, had requested for supply on several occasions but got no explanation from NLNG why its terminal could not get supply.

    They said LPG marketers that depend on the terminal for supplies are gradually closing shops as they couldn’t import, adding that NAVGAS terminal has only received product thrice this year while PPMC/NIPCO terminal had received over 12 deliveries.

    The off-takers said: “Traditional system of delivery in the past by NLNG was to the two jetties – NAVGAS and PPMC. Other terminals in the country are unable to receive from NLNG due to low draft which cannot take NLNG’s vessel (Navigator Capricorn) if fully laden.

    “All terminals including NAVGAS and PPMC/NIPCO import to augment domestic supply in the event NLNG vessel is busy delivering to other terminals based on the initial understanding had with the NLNG. However, owing to the assurance given by the Nigeria LNG to increase the quantity LPG which will be more than enough to meet domestic consumption, the importation option was jettisoned and now the NLNG has sidelined NAVGAS.

    “We have also tried to through other off-takers receive product via NAVGAS facility but still no reason was given for not delivering to the terminal.”

    The off-takers noted that NLNG has abandoned the original delivery schedule for the two jetties – NAVGAS and PPMC/NIPCO, adding the delivery chart has become so disproportionate since the start of the current contract year, which is expected to end in September.

    The off-takers said NIPCO had received a relatively favourable delivery compared to other terminals, noting that NIPCO has 9,800mt capacity while NAVGAS and PPMC’s capacities are 11,000mt and 4,000mt respectively.

    NLNG’s performance could be increased significantly in spite of the reasons for not delivering regularly to NAVGAS terminal and with 51 per cent utilisation only.

    Nigeria LNG, however, denied the accusation. When contacted, Head, Media Relations of Nigeria LNG Limited, Mrs. Anne-Marie Palmer-Ikuku, said the company has been supporting the domestic LPG market since 2007. She said from the beginning, Nigeria LNG’s involvement in the LPG market had promoted  competition in the domestic LPG market while encouraging all terminals to provide third party access (TPA) to all credible buyers.

    She noted that the principle has guided NLNG’s engagement with terminal owners and buyers. “Today, the significant majority of NLNG off-takers take their volumes through the PPMC jetties, which have provided TPA to all interested buyers and are preferred because they are cheaper.

    “NLNG, as a reasonable and prudent operator, honours all its contracts and does not discriminate against any buyer. All Annual Contract Quantity (ACQ) commitments have been met for all buyers without exceptions.

    “No buyer has been denied volumes that were committed to them during the contract year. Algasco for instance has taken 23,643.39mt out of its ACQ of 26,000MT for this contract year. This is 90 per cent of its volumes with more than two months to the end of the contract year,” she said.

    Palmer-Ikuku noted that NLNG will continue to work with the government, buyers and other industry players to ensure a level play field for all buyers, adding that NLNG will continue to help in boosting the growth recorded in the oil and gas sector of the economy.

  • NLNG, LCCI seek solution to power sector woes

    The  Nigeria Liquefied Natural Gas Limited (NLNG) and the Lagos Chamber of Commerce and Industry (LCCI) have called for more efforts to address the  challenges in the power sector. They also want other energy sources and ideas that will help to fix the problem explored.

    Manager, Corporate Communications and Public Affairs, NLNG, Andy Odeh, said the two organisations made the call at the Business Interactive Session on Innovation in Electric Power Solutions at the LCCI head office in Lagos. The session featured the 2018 winner of The Nigeria Prize for Science, Dr. Peter Ngene. The winner  clinched the prize based on his work: “Nanostructured metal hydrides for the storage of electric power from renewable energy sources and for explosion prevention in high voltage power transformers.”

    The  Prize is a $100,000 award sponsored by NLNG to promote innovations in science and technology that will solve age-long problems and drive development in Nigeria. The prize is awarded annually.

    The General Manager, External Relations and Sustainable Development, Mrs Eyono Fatayi-Williams, said the interaction session was as a result of The Nigeria Prize for Science which is increasingly shedding light on solutions to some of the nation’s problems which include electricity shortage.

    She said in recognition of the need to encourage more work in finding solutions to electric power generation in the country, NLNG used the  competition to encourage research works on the theme of that year’s competition – Innovations in Electric Power Solutions.

    Mrs. Fatayi-Williams said a renewed focus on power generation and conservation is definitely one area which can offer huge business opportunities in the country, calling on the industry to focus on renewable sources of energy to improve the situation, promote better energy output, as well as align the country with the global clamour for cleaner energy sources, as the world fights global warming.

    The President of LCCI, Paul Ruwase, said there was need to change the narrative and focus on innovative ideas that can enable practical solutions. He added that the theme of the session provided a platform for reshaping the mind-set of Nigerians, helping to champion the birth of new ideas and practical ways to make the power sector work as it should in order to promote the country’s economic development.

    “Reforming the power sector in Nigeria must align with the global energy direction of increasing renewables in the energy mix. Dr. Ngene’s award-winning work further presents an opportunity for Nigeria to harness new discoveries in solving her power supply challenges. His invention has positive implications on renewable energy development that the country can benefit from. It is believed that Dr. Ngene’s work will expand the energy market in Nigeria with efficient energy storage.”

    Ngene in his presentation titled: “Nanomaterials for Energy and Power Application”, highlighted the potential of his work in the area of storing hydrogen, storage battery for renewable energy and detection of hydrogen leaks in transformers to prevent explosion.

    He said explosion in transformers was one of the major causes of power outages in the country, adding that  Nanotechnology is a cheap way of detecting hydrogen to eliminate such explosions is possible.

  • Climate change tops $0.1m NLNG Prize for Science contest

    Twenty-nine scientists are set to find solution to erosion, droughts and desertification plaguing various parts of the country in this year’s Nigeria Prize for Science sponsored by Nigeria Liquefied Natural Gas Limited (NLNG).

    The science prize first awarded in 2004 is worth $100,000.

    Details of the contest were revealed during the handover of the  entries to the prize’s Advisory Board signifying the beginning of the contest that will culminate in the announcement of a winner.

    Handing over the entries to the Advisory Board chaired by Professor Alfred Akpoveta Susu, in Lagos, NLNG’s Corporate Communications and Public Affairs Manager, Andy Odeh said: “The business of scientific innovation and research is not an easy task anywhere in the world. In Nigeria, it is even more difficult because of the paucity of research funds and the resulting increasing lack of interest.’’

    He said NLNG will continue, through the Nigeria Prize for Science to find excellence even if it is to be found “in the darkest corner,” saying the gas giant is committed to changing the narrative of the nation through scientific prowess through which many nations have excelled.

    Odeh pointed out that though Climate Change remains a myth to  many people, its impact could be seen on the environment and agriculture.

    “We have all seen the growing rate of desertification in the northern part of our country,’’ he said.

    He continued: “Climate Change is real and that is why NLNG believes that solution to this threat can be engendered through a competition such as The Nigeria Prize for Science. The prize is another opportunity for NLNG to contribute to the development of the country.

    “The Nigeria Prize is open to all irrespective of nationality. What is common to all past and prospective winners, is the focus on solving Nigeria’s problems through scientific endeavours. It does not matter who finds solutions to the Nigerian problems.

    “All that counts is that it helps to build a better Nigeria, in line with the vision of Nigeria LNG.’’

    The entries, which came in response to a call for entries published in the national dailies in February 2019, would be examined on their merits of excellence in advancing the frontiers of knowledge in or providing innovative solution to the issue of climate change in Nigeria.

    Susu said regardless of how large or small the number of entries is, the judging must hold and assured Nigerians that the Advisory Board will deliver their mandate based on integrity and excellence.

    He urged the judges to understand that “judging the prize goes beyond the prize itself. It is contributing to nation building and we must never compromise on excellence.”

  • NLNG to pay $100,000 to 2019 science prize winner

    Nigeria LNG Limited has announced that it will soon announce the winner of the 2019 edition winner.  Chairman advisory Board and 2004 winner of Nigerian Prize for Science, Professor Alfred Susu said the Board got a total of 29 entries as against 2018 when 85 entries was recorded.. He spoke at a media briefing to raise awareness on this year’s theme that is centred on Climate change, erosion and desertification.

    The chairman of the panel of judges and first professor of Physics in Africa, Prof Deborah Ajakaiye said this year’s theme is apt as the nation is almost swallowed by the two challenges of erosion and desertification from climate change.

    Prof Barth Nnaji, who is a member of the panel, regretted the poor research and development of science in the nation especially in the area of climate change and called for more action.

  • Peterside hails Appeal Court over dispute with NLNG

    Nigerian Maritime Administration and Safety Agency (NIMASA) Director-General Dr. Dakuku Peterside has hailed the Appeal Court judgement in the case between the agency and the Nigerian Liquefied Natural Gas (NLNG) Limited over levies payable to the maritime regulator.

    Peterside said the verdict has reaffirmed confidence in the judiciary.

    The Court of Appeal in Lagos on Friday set aside an earlier judgment of the Federal High Court, which had exempted NLNG from the levies, on the grounds that NIMASA was not given fair hearing at the lower court. Justice Mohammed Lawal Garba, who delivered the judgment, ordered that the case be sent back to the high court for fresh trial under a different judge.

    Peterside, in a statement by the NIMASA Corporate Communications Department, said NIMASA remained law-abiding and would keep working closely with the judiciary in matters that need clarity and interpretation.

    He said: “This judgment has further shown that the judiciary is unbiased and remains a beacon of hope for Nigerians. On our part as a responsible government agency, we will continue to work closely with the judiciary and other stakeholders to ensure that we realise our mandate of creating a robust maritime sector in line with best global practices.

    “NIMASA and NLNG are neither foes nor competitors. We are corporate cousins working together for the common good of our great country. Judgments like this only serve to strengthen our institutions and ensure greater bonding.”

    The agency had in 2010 commenced an action against NLNG, wherein it sought for an interpretation of relevant provisions of the Nigerian LNG (Fiscal Incentives, Guarantees and Assurances) Act, CAP N87, Laws of the Federation of Nigeria 1990, and the NIMASA Act of 2007. In January 2013, the action by NIMASA was withdrawn in a bid to amicably settle the dispute out of court.

    In May 2013, NIMASA requested NLNG to pay all statutory Levies accruable to the agency, including the three per cent levy on gross freight on inbound and outbound international cargo, two per cent Cabotage levy and Sea Protection levy.

    It stated that the NLNG was not exempted from payments of statutory levies after its tax holiday ended many years ago. Following the continued disregard of the provisions of the NIMASA Act and other relevant laws by the NLNG, their vessels were detained for non-compliance.

    Upon agreement between both parties, on July 12, 2013 before Justice Idris Mohammed of a Federal High Court in Lagos, NLNG agreed to pay outstanding levies attributable to the Free on Board (FOB) and cabotage vessels.

    The NLNG also agreed to keep paying all applicable levies in line with the NIMASA mandate. The court order also gave NIMASA liberty to collect levies directly from Free on Board (FOB) and cabotage vessels without recourse to NLNG.

    The agency received a pre-action Notice on June 18, 2013 from counsel to NLNG, giving a 30 days’ notice of their intention to begin legal action in accordance with Sections 53(2) of the NIMASA Act. Hearing of the substantive issue continues after which the Federal High Court ruled in favour of NLNG.

    Dissatisfied with the judgment of the Federal High Court by Justice M. B. Idris delivered in the case between NIMASA and NLNG, the agency appealed the matter in October 2017.

    NIMASA’s action, said its statement, is in line with its enabling law, the NIMASA Act 2007.

  • Tax holiday: Appeal Court orders retrial of NIMASA, NLNG levies case

    The Court of Appeal in Lagos has set aside a Federal High Court judgment which exempted the Nigeria LNG Ltd from levies imposed by the Nigerian Maritime Administration and Safety Agency (NIMASA).

    The appellate court returned the 2013 case to the lower court and ordered that it be re-assigned to another judge for retrial.

    In a unanimous decision, a three-man panel of the appellate court led by Justice Garuba Lawal upheld NIMASA’s argument that the lower court erred in its judgment delivered on October 3, 2017.

    Other members of the panel were Justice Abimbola Obaseki-Adejumo and Justice Gabriel Kolawole.

    The Justices upheld NIMASA’s contention, made through its lawyer Lateef Fagbemi SAN, that the lower court breached NIMASA’s fundamental right to fair hearing.

    In its judgment read by Justice Joseph Ikyegh, the appellate court held: “The appeal is allowed, and the judgment delivered by the lower court in October 2017 is hereby set aside.

    ‘The case is hereby ordered to be sent back to the administrative judge of the Lagos Division of the lower court to be assigned to a judge for expeditious determination on its merit.

    ‘Parties are to bear the administrative cost of the appeal.”

    In 2017, a judge of the Federal High Court, Lagos, Justice Muhammed Idris, who is now at the Court of Appeal, decided the suit in NLNG’s favour.

    The judge held that NLNG was not liable to make the said payments to NIMASA and that all payments already made by NLNG to NIMASA should be refunded to NLNG.

    The judge further held that NIMASA was wrong in blockading the Bonny Channel for the purpose of enforcing the payments against NLNG.

    Dissatisfied, NIMASA filed an appeal before the Appeal Court challenging the judgment on the ground of fair hearing among others.

    NIMASA averred that the NLNG was liable to pay three per cent gross freight on its international in-bound and out-bound cargo as sea protection levy.

    It also averred that NLNG is to pay two per cent cabotage surcharge on all activities carried out for and on its behalf as well as other sundry claims.

  • 10,000 jobs likely as NCDMB, NLNG sign $12b Train 7 Nigerian Content Plan

    An agreement, which is expected to bring about 10,000 jobs by utilising Nigeria’s huge natural gas reserves, has been signed in Abuja.

    The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) signed the Nigerian Content Plan (NCP) for the NLNG Train 7 project.

    NCDMB’s Executive Secretary Simbi Kesiye Wabote and the Managing Director of NLNG, Tony Attah, signed the NCP in Abuja at the weekend.

    The ceremony was witnessed by senior officials of the Nigerian National Petroleum Corporation (NNPC), Shell, Total and ENI – shareholders of the NLNG.

    The Train 7 project is expected to expand NLNG’s production capacity by 35 per cent from 22 million tonnes per annum (mtpa) to 30 mtpa.

    At peak construction, the Train 7 project is projected to provide direct, indirect and induced employment for over 10, 000 persons.

    Kesiye stressed that Train 7, like other forthcoming major projects in the oil and gas sector, must leave a legacy facility, just like Total’s Egina deepwater, which catalysed the development of an FPSO integration facility in Lagos.

    The expected job explosion from Train 7 is banked on the Nigerian Content Plan, which provides for 100 per cent engineering of all non-cryogenic areas in-country.

    The total in-country engineering man-hour is set at 55 per cent, which exceeds the minimum level stipulated in the NOGICD Act, in line with the Board’s resolve to push beyond the boundary of limitations.

    Wabote said the Train-7 scope will deliver 100 per cent in-country fabrication of the Condensate Stabilisation Unit, pipe-racks, flare system, and non-cryogenic vessels. Site civil works on roads, piling, jetties and will also keep local businesses occupied.

    Read also: Board, NLNG seal $1b local content deal for Train 7

    Wabote said: “It will also provide great opportunities for utilisation of local goods and services in addition to enhancing and developing new capacities and capabilities for the local supply chain.

    “There will be 100 percent local procurement of all LV cables and HV cables, all non-cryogenic valves, protective coatings, and all sacrifice anodes. 70 per cent of all non-cryogenic pumps and control valves will be assembled in-country.”

    Other spin-off opportunities will include logistics, equipment leasing, insurance, hotels, office supplies, aviation and haulage, he added.

    Wabote pointed out that the increased number of NLNG Trains would also provide huge business opportunities for local businesses to build capabilities in the maintenance of LNG plants, especially in cryogenics.

    The project will also catalyse other upstream gas supply projects required to keep the LNG train busy and make stranded gas fields in the shallow and deep offshore in the area economical.

    Attah confirmed that the full value network of the Train 7 project was about $12 billion, including the net cost of the project, estimated in the region of $4 billion to $5 billion and a similar additional spend at its operational base in Bonny, Rivers State.

    “It is also about the upstream development, which is the real gas that will come to us. That also is a huge investment of $5 to $6 billion. So, potentially, the full value network is almost $12 billion,” he said.

    Attah said the Nigerian Content Plan for Train 7 contained clear and robust Local Content provisions that are significantly higher than the previous NLNG projects.

    He said: “NCDMB and NLNG are fully aligned to collaborate during the operationalisation of the plan.  This synergy will ensure that value added opportunities for Nigeria are indeed maximised and the Train 7 project is delivered to meet international standards of quality and safety.”

    He also stated that NLNG shareholders have been primed to take the Final Investment Decision (FID) for the project before the end of Quarter 4 2019.

    The NLNG chief highlighted that the expected increase in the production capacity of LNG “will reinforce the company’s comparative and competitive advantage in the global LNG market while also increasing the country’s revenue and foreign investment profile.

    “This is in addition to moving the nation’s economy from being oil-based to becoming a gas-based economy to be reckoned with globally. We are here to enable gas. Nigeria has ridden on the back of oil for more than 50 years. It is now time to fly on the wings of gas.”

  • Board, NLNG seal $1b local content deal for Train 7

    The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquefied Natural Gas Limited (NLNG) will today in Abuja sign the Nigerian Content Plan (NCP) for NLNG’s Train 7 project, estimated to cost $1billion.

    The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote and the Managing Director of NLNG, Engr. Tony Attah met at the Board’s headquarters in Yenagoa, Bayelsa State yesterday and finalised arrangements for the signing ceremony.

    The Train 7 project is expected to ramp up NLNG’s production capacity by 35 per cent from 22 million tonnes per annum (MTPA) to 30 MTPA.

    The NCP sets out the work scope to be executed in-country in each project, based on the provisions of the Nigerian Content Act and existing capacities. The document would form the operating guide for project execution and monitoring.

    It would also aid the maximisation of Nigerian content deliverables in the project by giving first consideration to indigenous goods, services and human resources as well as opportunities to Nigerian companies.

    Under the NCP for Train 7, the NCDMB introduced a provision that would ensure that a lead engineering, procurement and construction (EPC) bidder that has built capacity in-country is not disadvantaged with regards to cost.

    The overall scope of work on Train 7 project include in-country and out of country work. They are “design, engineering, procurement, expediting, transportation, management, construction, installation, pre-commissioning and start up support and acceptance testing of an expansion to the existing NLNG facility.”

    The timely finalisation of the NCP is a key outcome of the Service Level Agreement (SLA) the Board signed with the NLNG in May 2017. The SLA committed the two organisations to timely approvals and compliance with the Nigerian Content.

    The scheduled signing of the NCP is expected to enable timely execution of other activities that would culminate to the planned issuing of tenders in third quarter of 2019.

     

  • Tender for NLNG Train 7 out in April

    The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said the Nigeria Liquefied Natural Gas Limited(NLNG) will  issue Invitation to Tender (ITT) for the NLNG Train 7 project in April.

    In an interview, he said: “Efforts of NCDMB in ensuring that other projects come stream are ongoing. Total is also gearing up to take FID on Preowei which is another significant project. Like NLNG Train 7, we are working hand in glove with NLNG to see that the invitation to tender (ITT) is issued within the next two month to the bidders. All these are projects we have lined up and NCDMB is working hard to see that these projects come on stream so that all those fabrication yards and capacity we have developed in-country will be utilised as soon as possible.

    ‘’There is hope and opportunity in the oil and gas industry in Nigeria.”

    He said  stakeholders in the Preowei oil field operated by Total Upstream Nigeria Limited, were concluding discussions on taking the final investment decision (FID) on Preowei project soon. Preowei, located in oil mining lease (OML) 130, is expected to produce about 70,000 barrels of oil per day (bpd) at peak when it comes on stream. The field will be developed as a tie back to the Egina floating production, storage and off loading (FPSO).

    Shareholders in the Ikike oil field project in OML 99 offshore Nigeria are also about concluding talks on taking FID on the project. The Ikike field is projected to produce 60,000 barrels of oil per day when it begins operation.

    Wabote said: “With all the investments that we see in the oil and gas sector starting from the Shell Nigeria Exploration and Production Company (SNEPCo). SNEPCo announced their bidding process for Bonga Southwest/Aparo (BSWA) project in OML 118, and in no distant we will see the project come on stream. The BSWA project, an eight-10 billion dollar project, is huge, especially coming on the back of Ejina project that has just been completed.

    “Other projects including Total’s Preowei project, the ExxonMobil’s Owowo field with estimated oil reserves of between 500 and one billion barrels and other projects lined up now, is a testimony that the offshore activities of the Nigerian oil and gas industry are improving.

    “We just started first oil in January in Total’s Ejina and if we get into another huge project like BSWA, imagine the level of investment and interest that investors have in the country.’’

    OML 130 covers 500 square miles in the Niger Delta and is a deepwater block with water depths ranging from 1,100 to 1,800metres.

    Apart from the Preoweifield discovered in 2005, OML 130 contains the Akpo field, which was discovered in 2000, the Egina and Egina South.