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Home OIL & GAS Completion of $700m ANOH Gas will boost Nigeria’s power supply- SEPLAT

Completion of $700m ANOH Gas will boost Nigeria’s power supply- SEPLAT

The chief executive officer, Seplat Energy, Roger Brown, has said that completion of $700 million the Assa North-Ohaji South Gas project (ANOH) will usher in a boost to Nigeria’s power generation and supply.

Brown who was one of the panelists at the just concluded Nigerian oil and gas conference in Abuja noted that the project when completed would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.

“There’s a wall of money ready to come into this country but when they look at barriers to it, they relax. And one of the biggest barriers is the currency. So currency convertibility, bringing equipment in dollars, and then having a mini narrow revenue stream. But those things are fixable. Again, the economics here in Nigeria, is unbelievably good. Shell has been here for over 60 years. They wouldn’t have been in Nigeria if the country is not really a good destination for investment. So the economics are there and the subsurface is there too.

“There’s a wall of money ready to come into this country but when they look at barriers to it, they relax. And one of the biggest barriers is the currency”

“Besides, the people that can make a project really good are here also. What is important is getting committed people, getting the right communication, have the risk profile, but this profile is going to change over time.

Brown explained for this to work, government and private sector need to step up their partnership.

“Private sector must steps up its game, which we’re trying to do, and work alongside government as a true partnership because the world is changing, you know, the major oil companies’ world is changing. They’re under extreme pressure for sustainability, and what we need to do is when the IOC exits a platform, which they’re doing, we fill that with the private sector or through the private sector, public sector partnership (PPP). That partnership is critical, because I can tell you investors are really desire to come into Nigeria. They want the public sector and the private sector to be aligned, alignment creates stability. Stability is a big friend to investors”, he stated.


Nigeria’s crude oil to last 60 years, gas 88 – NUPRC

Speaking during a briefing to mark the commission’s one-year anniversary, the Chief Executive of the NUPRC, Mr Gbenga Komolafe, said that Nigeria’s gas reserves had been pegged at 208.62 TCF, indicating an increase of 1.01 per cent compared to 2020 figures, with a life index of 88 years. That would be without new discoveries.

NMGP: Nigeria, Morocco, Senegal sign four MoU in Mauritania 

Those who signed the documents on behalf of their countries were the Group chief executive officer, NNPC Limited, Mallam Mele Kyari, DG-ONHYM of Morocco, Ms Amina Benkhadra; GM PETROSEN Holdings of Senegal, Adama Djallo and DG SMH of Mauritania, Tourad Abdoul Baghi. 

NMDPRA proposes $2m penalty for tampering with oil meters

The authority also introduced two sets of regulations to the nation’s downstream sectors. According to Ahmed, the latest set of regulations would deal with health and safety in the sector as well as the accuracy of measurement devices to ensure that no party is cheated.


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