Thursday, March 23, 2023
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.


NNPC, GNPC seal oil deal

The Group Chief Executive of NNPCL Limited, Mallam Mele Kyari, has said that the company and the Gambian National Petroleum Company (GNPC)...

2022 Mini bid round: Nigeria invites applications for seven oil blocks 

A dedicated programme portal ( for the Mini Bid Round has been published by NUPRC which provides details of the bid round process, including the registration and prequalification requirements, and detailed guidelines for applicants. 

FG acquires equity in four Nigeria refineries

Sylva said that the government has a 20% stake in the Dangote refinery, adding that the government had also bought shares in 3 other refineries.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Ahead of fuel deregulation in Nigeria, stakeholders brainstorm, set agenda for NMDPRA

The workshop provided data-driven insights into the sector's growth potential. Stakeholders emphasized the need for continuous industry engagement, collaboration, and public sensitization to aid public buy-in on new policies by the government.

We pay for only electricity generated, put on the grid – NBET 

The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not...

NLNG joins U.N. group to reduce methane emissions, pursues decarbonisation

 According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

Recent Comments