NPDC, Ne­conde be­gin joint gas pro­duc­tion, de­liv­ery

The Guardian (Nigeria) - - NEWS - By Stan­ley Opara

NE­CONDE En­ergy Lim­ited and the Na­tional Petroleum De­vel­op­ment Com­pany (NPDC), its joint ven­ture part­ner in Oil Min­ing Lease (OML) 42, have started pro­duc­tion and de­liv­ery of gas to the do­mes­tic mar­ket through the Nige­ria Gas Mar­ket­ing Com­pany.

This is in ful­fil­ment of the com­mit­ment made by the Group Man­ag­ing Di­rec­tor, Nestoil Group and chair­man of Ne­conde, Dr. Ernest Azu­di­alu-obiejesi, dur­ing the last Nige­ria Gas As­so­ci­a­tion con­fer­ence.

Azu­di­alu-obiejesi had promised that the Npdc/ne­conde JV would de­liver about 40 mil­lion stan­dard cu­bic feet (MMSCF) per day to the do­mes­tic gas sup­ply net­work. This is now be­ing ful­filled with the suc­cess­ful startup and op­er­a­tion of Main Com­pres­sor Mod­ule 1 (MCM1) of the Odidi gas pro­cess­ing fa­cil­ity.

A state­ment by Ne­conde yes­ter­day quoted him to have said the de­vel­op­ment was a mile­stone for in­dige­nous com­pa­nies op­er­at­ing in the oil and gas sec­tor. He re­called that OML 42 from which gas is now be­ing pro­duced was ac­quired in 2011 but was fraught with a lot of chal­lenges at the time it was sold by the in­ter­na­tional oil com­pa­nies (IOCS.

Azu­di­alu-obieesi said: "The fact that a wholly in­dige­nous joint ven­ture (JV) has pro­gres­sively re­vived this as­set speaks to the ca­pac­ity of in­dige­nous com­pa­nies in the oil and gas sec­tor if given the right op­por­tu­ni­ties."

OML 42 is lo­cated on­shore West Delta, cov­er­ing an es­ti­mated area of 814 square kilo­me­tres. It has seven fields which have pro­duced hy­dro­car­bons and five un­de­vel­oped dis­cov­er­ies. The ex­ist­ing as­sets, in­fra­struc­ture and sup­port fa­cil­i­ties in OML 42 in­clude flow sta­tions at Jones Creek, Egwa, Odidi and Batan. Ne­conde, a sub­sidiary of the Nestoil Group, is a Nige­rian com­pany with of­fices in La­gos, Warri, Port Har­court and Abuja.

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