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  • How Shell assists contractors, creates jobs, others, by Okunbor

    Shell companies in Nigeria – Shell Petroleum Development Company Limited (SPDC), Shell Nigeria Exploration and Production Company (SNEPCo) and Shell Nigeria Gas Limited (SNG), said they have boosted Nigerian contractors’ operations and supported community development projects with N312.3 billion in 2017.

    Country Chair, Shell Companies in Nigeria and SPDC Managing Director, Osagie Okunbor, disclosed this yesterday at the 2018 Shell in Nigeria Briefing Notes’ presentation in Lagos. The briefing unveiled shell companies’ activities and contributions to the nation’s economy in 2017.

    Okunbor said Shell operated ventures produced an average of 631,000 barrels of oil equivalent daily (boe/d) in 2017, spent $228million (about N82.3 billion) on community-driven projects from 2006 and supported Nigerian contractors with N230 billion in 2017.

    The SPDC and SNEPCo, he said, contributed $1.9 billion to the Niger Delta Development Commission (NDDC) from 2002 to 2017,  adding that some 290 Nigerian contractors, have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in the oil and gas industry secure funds at reduced interest rates, relaxed collateral requirements and quicker processing time.

    According to him, Shell companies in Nigeria awarded contracts worth over N230 billion to Nigerian contractors in 2017, representing 94 per cent of the total contracts in that year. Shell companies started their intervention in 2011 with the Shell Kobo Fund, which gave way to the Shell Contractor Support Fund the following year with seven participating financial institutions, which have since set aside more than N690 billion for contract execution by Nigerian companies.

    Okunbor listed the engaging banks as Access, Skye, Zenith  and Stanbic IBTC, as well as First Bank, Standard Chartered  and Guaranty Trust Bank.

    “We’re pleased to support Nigerian contractors to play greater roles in the oil and gas industry,” said Okunbor, adding: “As pioneers in the industry, we have taken deliberate steps to award contracts to Nigerian vendors and worked with them to grow their capacity, cost efficiency and delivery timelines.

    “We discovered, however, that access to finance has been a challenge, and the search for solution led to the Shell Contractor Support Fund,” he explained.

    Nigerian ownership of key assets, such as rigs, helicopters and marine vessels, Okunbor said, is also a focus with Shell companies providing technical and financial support to companies across a range of sectors, including transportation, manufacturing and Research and Development.

    On social investment, Okunbor said Shell companies have continued to work with government, communities and the civil society to fund and implement projects and programmes that have lasting impacts on people’s lives in the Niger Delta in particular and Nigeria as whole.

    He said since 2006, the SPDC JV  has disbursed more than N41 billion to 37 active Global Memorandum of Understanding (GMoU) clusters in Rivers, Delta, Bayelsa and Abia states, adding that a GMoU is an agreement that brings a group (or cluster) of communities together with representatives of state and local governments, SPDC and NGOs, with the SPDC  JV providing five-year funding for communities to implement development projects of their choice.

    The Shell boss said social investment activities of the companies focus on community and enterprise development, education, health, access-to-energy and road safety, pointing out that in 2017, SPDC JV, Shell Nigeria Exploration and Production Company and Shell Nigeria Gas, spent more than N18 billion on direct social investment projects. Nigeria, he noted, has the largest concentration of social investment spending in the Shell Group.

    Okunbor said Shell’s flagship oil field, Bonga, has delivered a total of 763 million barrels of oil between its first production in 2005 and end of 2017, adding that the company has expanded the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back, which unlocked the nearby Bonga North West field in August 2014.

    Also at the briefing, SNEPCo’s Managing Director, Bayo Ojulari, said Bonga‘s success story is not only that it is Nigeria’s first oil and gas production project in more than 1,000 metres of water depth, or that it increased Nigeria’s oil production capacity by 10 per cent in 2005, but that it is a Nigerian venture delivered by Nigerians, using global expertise and processes offered by Shell that have launched Nigeria into the league of notable deepwater players.

    The Bonga turnaround maintenance in March and April 2017, he said, was a significant milestone in SNEPCo’s operations. “This was the most complex and largest of the three previous turnaround maintenances in the 12-year history of Bonga, and has helped to ensure safe and sustained production and reduced unscheduled production deferments. More than 1,000 people and more than 50 Nigerian contractor and sub-contractor companies participated in the exercise,” he added.

    The SNG Managing Director, Ed Ubong, also gave scorecard of his company.

  • Shell: 1.1billion people lack access to electricity

    No fewer than 1.1 billion people across the world have no access to electricity, Anglo Dutch firm Shell has said.

    It said there were another three billion who still relied on solid fuels such as firewood or dung for cooking and heating.

    In its 2017 Energy Transition Report released at the weekend, the oil major said one of the toughest challenges facing the society is how to provide energy to a growing world population, while reducing the greenhouse gas emissions that contribute to climate change and to air pollution. This, it said affects people around the world.

    Shell said the energy system is the result of many decades of choices by consumers, suppliers and governments. Societies, it said, want energy that is reliable, widely available and affordable. The oil giant said currently, hydrocarbons account for more than 80 per cent of the energy mix.

    The report noted that as a way forward, governments took a great stride forward in 2015, by coming together in Paris to reach a landmark agreement to tackle climate change. Th report said Shell welcomes and supports the Paris Agreement and the ambition to limit the global rise in temperatures to well below two degrees Celsius (2°C) above pre-industrial levels.

    The report read: “It is an ambition that will depend on unprecedented collaboration between governments, companies and society, and crucially, realism about the challenges ahead. It requires a transformation in the way energy is produced, distributed and used.

    “Capital investment measured in trillions of dollars over decades will be necessary to finance both new sources of energy, and to adjust existing infrastructure. It will also be necessary to change how energy is consumed, as a vast range of capital assets that consume energy – from homes, domestic appliances, vehicles, machinery and entire industries – will need to be adapted or replaced.

    “The solutions will vary by economic sector. Some, like clothes and food manufacturing, require low temperature processes and mechanical activities, which electricity is well suited to deliver. These can therefore be powered by low and zero carbon sources of power, including renewable energy.

    “Other sectors, such as the iron, steel, cement, plastic and chemical industries, and certain types of transport, currently rely on the unique ability of hydrocarbons to provide extremely high temperatures, chemical reactions or dense energy storage. Today, many of these cannot be electrified at all, or only at a prohibitively high cost.

    “The solutions will also vary by geography. Different countries have different needs depending on local circumstances: their development priorities, types of economy, domestic energy resources, ability to invest and national energy policies.”

    As a result, the report noted that the transformation of the energy system will move at different paces and produce different outcomes and different energy mixes in different sectors and countries. It will require trade-offs by energy consumers, companies and governments; it will require willingness to make hard choices, it added.

    This is the reality of the change needed across the world to meet the aims of Paris. It is a transition that will span decades. For companies, it will create both risks and opportunities.”

    Shell is an active player and has embraced the transformation of the energy system. It sees commercial opportunity in participating in the global drive to provide more and cleaner energy solutions.

    Shell’s Chief Executive Officer, Ben Van Beurden, said the company has set three strategic ambitions, which provide a strong foundation for managing the risks and opportunities linked to the transition to a lower carbon energy system.

    “Our first ambition is to provide a world-class investment case, which means being the number one company in our sector in terms of total shareholder return. This will give us the financial capacity to invest in areas where we see growth, and to withstand volatility in oil and gas prices, as well as in downstream manufacturing and marketing margins.

    “The second is to thrive through the transition to lower carbon energy by meeting society’s need for more and cleaner energy. This means providing the mix of products our customers need as the energy system evolves. It means investing in assets that will remain financially resilient in the energy system of the future.

    “The third is to sustain Shell’s societal licence to operate, to make a real contribution to people’s lives. This means being a responsible energy company that operates with care for people and the environment.”

     

    Our strategy is underpinned by Shell’s outlook for the energy sector and the need to adapt to substantial changes in the world, he added.

     

  • Shell lists contributions to economy

    OIL giant Royal Dutch Shell has listed its contributions to the country’s economy through payment of taxes, royalties, use of local materials and support of local contractors, among others.

    In its 2017 Sustainability Report released in the week, Shell Group noted that its companies have contributed to economic development of the country with safety and security as their top priorities.

    It said: “Shell has interests in several companies in Nigeria, which are major contributors to the economy. They produce oil and natural gas, distribute gas to industries in the country, produce liquefied natural gas (LNG) for export, generate revenues for the government and provide social investment. Shell companies in Nigeria are also working with federal and state government agencies, communities and civil society groups, such as non-governmental organisations, to try to create a safe operating environment.”

    It added that Shell in 2017 paid more than $59.1 billion in taxes and royalties to governments around the world of which Nigeria is among.

    “In 2017, an agreement between The Shell Petroleum Development Company of Nigeria Limited (SPDC), the operator of the SPDC Joint Venture and its government partner, the Nigerian National Petroleum Corporation, came into effect. This agreement provides an improved structure to finance future oil and gas projects and commercialise the country’s large gas resources. Improved funding will enable the SPDC Joint Venture to explore more opportunities, particularly in shallow water offshore and to increase onshore gas supply to the domestic market.

    “The safety of staff and contractors in Nigeria remains our top priority. We continue to strengthen our safety culture around Shell companies in Nigeria with our Goal Zero ambition of no harm and no leaks including partly through a programme to connect senior leaders with contractor CEOs to promote best safety working practices. We also continued to run campaigns for employees and contractors in our production operations to help them better understand Shell companies in Nigeria’s work culture, reflect on their leadership and suggest improvements to maintain a safe workplace.’’

    Shell said would continue to address safety and environmental challenges-related to both operational spills and illegal activities, such as oil theft in parts of the Niger Delta.

    It said though there was no damage to key oil and gas infrastructure  by militants since November 2016, the security situation remains volatile in the region.

    The report continued: “Shell companies in Nigeria continue to work closely with federal and state government agencies, communities and civil society to ensure that operations are carried out in a safe environment.”

    “We buy goods and services from local suppliers that meet our standards as part of our approach to share the benefits of oil and gas development to the wider economy. In some cases, we support businesses in developing the skills required to meet these standards. Our supplier principles integrate social considerations in the contracting and procurement processes. In 2017, we spent $42.2 billion on goods and services worldwide, of which around 58 per cent was in the United States (US), Canada, the United Kingdom (UK), the Netherlands and Nigeria.

    “In Nigeria, we use locally manufactured goods and service companies, which create jobs in the communities in which we operate. In 2017, Shell companies in Nigeria spent around $0.76 billion on contracts for Nigerian companies. Access to financing has been a challenge for suppliers to Shell companies in Nigeria. In collaboration with leading banks in the country, the SPDC Joint Venture (SPDC JV) and the Shell Nigeria Exploration and Production Company Limited (SNEPCo) continue to fund a mechanism that offers local contractors faster access to loans at cheaper interest rates.

    “To enable Nigerian ownership of key equipment, such as rigs, helicopters and marine vessels, Shell companies in Nigeria continue to support the development of local people and companies. For example, over the past seven years, SNEPCo has provided support to improve training and safety standards at Caverton Helicopters, one of the biggest aviation logistics providers in sub-Saharan Africa.

    “Nigeria also has one of our most successful Shell LiveWIRE programmes, with a total of $66,200 awarded to 60 young entrepreneurs from Ogoniland, all of whom completed its enterprise development programme.”

  • Shell’s divestments hit $22.3b in two years

    Royal Dutch Shell said it has completed divestments worth around $22.3 billion over the period 2016-2017 out of its three-year (2016-2018) $30 billion divestment programme.

    According to Shell’s 2017 Sustainability Report released yesterday, some of the company’s interests sold include the Australian energy company Woodside Petroleum, majority of its oil sands interests in Canada, some UK North Sea assets, its onshore upstream operations in Gabon, and currently its upstream business in Ireland.

    The Report read: “Shell made significant progress towards the completion of our three-year $30 billion divestment programme, which is an important part of our strategy to reshape into a world-class investment and to strengthen our financial framework. We made good progress on our 2016-2018 $30 billion divestment programme by the end of 2017, with deals worth $22.3 billion completed.

    “We sold non-operated shareholdings in assets as well as entire businesses. In each transaction, Shell carried out extensive due diligence to ensure that the buyer had the capabilities to uphold, or even improve, delivery with respect to safety, security, the environment and responsibilities to neighbouring communities.”

  • Neconde: ‘no kickback with Shell VP in OML42 acquisition’

    Neconde Energy Limited, the operator of oil mining lease (OML) 42, has denied any kickback deal with a former Vice President for sub-Saharan Africa, Shell, Peter Robinson, during the acquisition of the oil field divested by Shell Petroleum Development Company (SPDC).

    In a statement denying the allegation, Neconde management accused Shell of malicious intention. It said: “Local and international media have published some news articles on the current investigation of a former Vice-President of Shell in Nigeria, Mr. Peter Robinson, in connection with a case of suspected bribery in the acquisition of Oil Prospecting License (OPL) 245 in Nigeria by Italy’s ENI and Shell. The same news reports also allege the involvement of Robinson in a suspected kickback in the acquisition of OML 42 by Neconde in 2011.

    “Neconde, in an open and competitive bid in early 2011, acquired the 45 per cent joint equity interest in OML 42 in the Niger Delta area of Nigeria from Shell, Total and Nigerian Agip Oil Company (NAOC), Nigerian subsidiary of Eni. The acquisition was financed by a consortium of reputable local and international financiers.

    “At the time of the acquisition, Neconde was aware that Mr. Robinson was a Vice President in Shell. However, other than the legitimate business of acquisition of OML 42  for which full consideration was furnished, Neconde did not have any other formal, or informal dealing with Mr. Robinson.

    “For the acquisition of OML 42, Neconde paid the full consideration provided by its financiers and in accordance with the competitive bid process adopted by the three International Oil Companies (IOCs).

    “At the end of the bidding process, these three IOCs also unanimously agreed, at their respective highest decision-making levels, to the sale of OML 42 to Neconde. Neconde did not pay any money, in whatever guise, to Mr. Robinson or any other person in Shell, TOTAL or NAOC to facilitate the acquisition of their joint interest in OML 42.

    “Neconde completely denies any allegation or suspicion of kickback for the acquisition of its interest in OML 42 and the statement credited to Shell suggesting the contrary, is untrue and most unfortunate.”

    This allegation by Shell, Neconde said, may not be unconnected with an ongoing arbitration instituted by Neconde against Shell in London in connection with Shell’s alleged “diversion of crude oil worth millions of US Dollars from OML 42 after the acquisition of the 45 per cent joint equity interest by Neconde and for other infractions.”

    “Neconde views this unwarranted allegation of kickback as defamatory and is seriously considering its legal options in this regard.”

  • Shell files criminal complaint against ex-staff in Nigeria’s oilfield saga

    Royal Dutch Shell has filed a criminal complaint against a former senior employee over suspected bribes in the $390 million sale of an oilfield in Nigeria, where the company is already under investigation over a separate deal.

    Dutch prosecutors confirmed they had received the complaint against Peter Robinson, a former vice president for Sub-Saharan Africa.

    They said it would be included in an ongoing investigation into Shell and Italy’s Eni over the acquisition of a different Nigerian oilfield, known as OPL 245.

    Reuters reported that Shell and Eni denied any wrongdoing in relation to OPL 245.

    A spokesman for Anglo-Dutch Shell said the two cases were unrelated.

    Shell said an internal investigation had found that Robinson may have committed a crime during the sale of an onshore oilfield, Oil Mining Lease (OML) 42, to local company Neconde Energy Limited in February 2011.

    “We suspect a crime may have been committed by our former employee, Peter Robinson, against Shell in relation to the sale process for Oil Mining Lease (OML) 42 in Nigeria in 2011,” a Shell spokesman said in a statement.

    “We have filed a criminal complaint with the Dutch authorities and are considering other steps we could take.”

     

     

  • Shell eyes $9b investments in downstream

    Royal Dutch Shell Plc said it plans to invest between $7 billion and $9 billion a year across downstream operations and deliver a return on average capital employed (ROACE) above 15 per cent.

    Shell’s management stated this yesterday in London when it updated investors on its downstream growth ambitions and the important role such ambitions will play in delivering the oil major’s  world-class investment case.

    It reiterated its expectation of between $6billion and $7 billion annual organic free cash flow from downstream by 2020, at $60 per barrel (real terms 2016) and mid-cycle downstream conditions, with $9-12 billion expected by 2025.

    The investment case will be delivered through a uniquely integrated approach, the company explained.

    “A customer-centric mindset and business integration are fundamental to our approach. Shell’s downstream leadership position is based on the unrivalled strength of customer relationships across retail, global commercial and chemicals, built over decades. The integrated management of our businesses and the unique reach of our trading operation allows us to capture and maximise value across the value chain as market conditions change, enhancing the resilience of our business. Across its marketing businesses, Shell is leveraging its iconic global brand and technically differentiated fuels and lubricants, while growing in new markets and sectors that will be resilient through the energy transition,” it added.

  • Adewole praises Shell for donating cancer treatment machine

    Adewole praises Shell for donating cancer treatment machine

    Minister of Health, Prof. Isaac Adewole has praised oil giant Shell Petroleum Development Company for donating a radiotherapy machine for cancer treatment to the National Hospital, Abuja.

    He spoke while inspecting the Elekta machine for Linear Accelerator (LINAC), made up of several components, would be put to use in June.

    Adewole said the Abuja Radiotherapy Centre would be running on two linear accelerators.

    He said: “The beauty of having two machines is that if one packs up, the second one will be in use for the benefit of cancer patients.’’

    Adewole the machine will contribute immensely to the fight against cancer.

    He called on other multi-national organisations, individuals and groups to emulate Shell.

    He reiterated Federal Government’s commitment to the reduction of cancer, which is being demonstrated by the phased installation of one cancer treatment machine in each of the six geo-political zones and two in Federal Capital Territory (FCT).

    The National Hospital, Abuja, Chief Medical Director, Dr. Jeff Momoh, noted that the second machine would assist in providing  standard cancer treatment to patients in Nigeria and other African countries, thereby reducing cancer burden in the continent.

    The representative of Shell Petroleum Development Company, Dr. Akinwumi Fajola, said the donation the machine was one of the company’s way of giving back to the society.

  • Shell, Chevron, NIPCO bag awards at NIPS

    • Oil giant lifts Industry Games trophy 

    The in-country Subsea Tree Refurbishment feat by Shell Nigeria Exploration and Production Company (SNEPCo), has earned Shell Companies in Nigeria the Best Performing International Company in Technology and Innovation at the awards night of the maiden edition of the Nigeria International Petroleum Summit (NIPS) in Abuja.

    Chevron Nigeria Limited
    (CNL), operator of the joint
    venture between the Nigerian National Petroleum Corporation (NNPC) – NNPC/CNL JV, also won two awards at the Summit.

    CNL carted away – “Top domestic gas producer in 2016/2017” and “The best Performing Upstream International Company in Social Contribution for 2016/2017”.

    NIPCO Plc  bagged oil and
    gas industry award over its
    unprecedented acquisition of ExxonMobil’s stake in Mobil Oil Nigeria Plc at the event.

    The state-organised event was attended by Nigerian and international industry leaders. SNEPCo pioneered the in-country feat and achieved significant savings in the cost of the subsea equipment led by Nigerian engineers.

    A Subsea Tree is an arrangement of valves and other components installed at the wellhead to control and monitor production flow and manage fluids injection. SNEPCo embarked on a Tree Refurbishment initiative in 2013 to ensure timely delivery of the equipment at lower cost for the Bonga Phase 2 project, an in-field wells delivery and hook–up programme within the Bonga Field, which has been in execution since 2007.

    On hand to receive the award presented by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, were the Country Chair, Shell Companies in Nigeria and Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), Mr. Osagie Okunbor and the Managing Director of SNEPCo, Mr. Bayo Ojulari.

    SNEPCo saves about $6 million for every refurbished Subsea Tree and this is delivered within 15 months as against 36 months for newly manufactured ones.

    The CNL certificates and plaques were presented to the firm amid many dignitaries including the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, representatives of the NNPC/industry regulators, participants from other African countries and other industry players.

    On hand to receive the awards, separately presented by Kachikwu and the Chief Financial Officer of the NNPC, Isiaka Abdulrazaq, who represented the Group Managing Director, Dr Maikanti Baru, was the General Manager, Policy, Government and Public Affairs, CNL, Mr. Esimaje Brikinn.

    Brikinn expressed CNL’s delight over the recognition and awards. He explained that CNL has a comprehensive and aggressive gas development programme that is driven by good environmental stewardship to eliminate gas flares in its operations, help meet Nigeria’s energy needs and convert Nigeria’s huge gas resources into wealth for the benefit of the nation.

    Brikinn also noted the efforts of other Chevron companies in social contributions in Nigeria. For instance, the Star Deep Water Petroleum Limited (a Chevron Company) and the other parties in the Agbami field, have also contributed to the sustainable development of Nigeria via interventions in health, education and economic empowerment. “From 2008 to 2016, the Agbami parties have invested N2.5billion on education infrastructure, N8.4 billion on scholarships and N2.2 billion on the provision of fully equipped modern chest clinics across the country. Over 16,000 students from all the states of Nigeria have benefitted from the Agbami Medical and Engineering Scholarship and among these, an impressive total of 456 have graduated with first class degrees,” he said.”

    Also presenting the award to NIPCO, the Permanent Secretary, Federal Ministry of Petroleum Resources, Dr. Folasade Yemi – Ojo, said it was part of Federal Government’s efforts to encourage operators, who have shown considerable interest in the growth of the industry.

    The acquisition of ExxonMobil’s stake in Mobil Oil Nigeria (MON) Plc by an indigenous company, she said, was assessed by the Federal Government as significant effort by indigenous operator, hence the award to NIPCO.

    NIPCO team at the event included the Managing Director, Sanjay Teotia, and the Chief Corporate Affairs Manager, Lawal Taofeek, who received the award on behalf of the company.

    Speaking after the award, Teotia said the laurel was a welcome development as the company’s continuous interest in the downstream sector is an affirmation of its belief in the Nigerian economy.

    The acquisition of majority shareholding in MON – now put at about 74 per cent of the entire shareholding, Lawal said, is to extend its stakes in the sector. He added that with the feat, NIPCO & 11Plc, formerly MON Plc, both companies now have about 500 retail outlets across the country.

    Also, for the third time running, Shell has won the Nigeria Oil and Gas Industry Games (NOGIG), posting a commanding victory streak in the history of the 30-year old biennial competition. At the end of the week-long NOGIG 2018 in Lagos, Team Shell topped the medal table with 11 gold, 11 silver and eight bronze medals, leaving the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil in second and third places respectively.

    “I’m excited at the performance of the team for making us proud,” said Osagie Okunbor, Managing Director, Shell Petroleum Development Company of Nigeria (SPDC) Ltd and Country Chair, Shell Companies in Nigeria, while reflecting on the performance of the contingent.

  • Shell, GE seal service pact on 650Mw Afam VI plant

    General Electric (GE)’s Power Services business has signed a Multi-Year Service Agreement (MYA) with Shell Petroleum Development Company (SPDC) for the 650 megawatts (mw) Afam VI combined cycle power plant in Rivers State.

    The service agreement is expected to improve electricity availability, reliability and output from the plant for 200,000 Nigerian homes, while decreasing its operational costs. SPDC Joint Venture partners built the plant to significantly contribute to helping the Federal Government meet the nation’s power needs.

    General Manager, Gas, SPDC, Dr. Philip Mshelbila, said: “At optimal performance, the Afam VI plant can provide up to 15 per cent of the total national grid-connected electricity, this agreement will ensure we reach this performance objective and deliver much needed power to the national grid.

    “Since its commissioning in 2008, Afam VI Power Plant has delivered more than 25.97 million megawatt-hour (MWh) of electricity into the Nigerian market and won an award by the United Nations for reducing carbon emissions through environment- friendly operations.”

    The agreement will cover planned maintenance for the three existing GE GT13E2 gas turbines as well as one GE steam turbine. In addition, the order includes GE’s MXL2 upgrades to help increase the plant capacity by up to 30MW while increasing its efficiency.

    “ We have a long history of collaboration with Shell Petroleum, which has the largest footprint of all the international oil and gas companies operating in Nigeria, having supported the plant operations on power generation since its inception in 2008,” said Elisee Sezan, General manager, GE’s Power Services business for Sub-Saharan Africa.

    “With this latest agreement, we are working to bring improved performance and enhanced efficiency to their operations,” Sezan added.

    In addition to increasing power output by up to 30Mw, upgrades on the turbines are expected to deliver a combined-cycle efficiency increase, resulting in significant fuel savings and reduced carbon dioxide (CO2) emissions. GE’s solutions will also extend inspection intervals for the gas turbines reducing maintenance and repair expenses—which, in turn, will reduce overall plant costs and result in improving profitability.

    GE’s GT13E2 gas turbine offers industry-leading efficiency with up to 55 per cent efficiency levels in combined cycle operation, superior fuel versatility that enables a wide range of fuel compositions without hardware changes while substantially extending standard inspection intervals.

     

    Its unique operating profile capability offers the potential for financial savings by allowing customers to react quickly to fluctuating power demands, while keeping costs in line.

    The Chief Executive Officer, GE Nigeria, Lazarus Angbazo said: “With less than 50 per cent of the population having access to electricity, Nigeria needs power.

    “This agreement demonstrates GE’s unwavering commitment to continuously collaborate with public and private institutions to drive investment and innovative technologies in the power generation industry.”