The Imo State Government has once again reassured the management of Shell Petroleum Development Company (SPDC) and Seplat Petroleum on its determination to drive seamless delivery of the ongoing multibillion-dollar Assa North/Ohaji South Gas development project.

The combined volume translates to almost 2,400 megawatts of potential electricity generation if used for power generation.

Governor Emeka Ihedioha, who reinstated the assurance while receiving in audience, the management of SPDC in his office, said “We are determined to work with you to build the plant and to help Imo State fulfil its quota to the nation’s domestic gas aspiration. We are dedicated to making life meaningful for our people and to making Imo State investor-friendly.

“Imo State shall partner with you. We have a civilised state and our hands are wide open to welcome Shell back to your original home in Nigeria.”

Responding, SPDC’s Managing Director and Country Chair, Shell Companies in Nigeria, Osagie Okunbor, who led the SPDC delegation, described the gas project as the company’s “most important project right now.”

He averred that “We are committed to making the Assa North Gas Project an exemplary one,” he said.

Explaining more on the imports of the scheme, Okunbor noted that the project is key to driving the Federal Government of Nigeria’s ambition of marching away from a mono-economy through diverse industrial growth.

He said “It is premier amongst the Seven Critical Gas Projects initiative led by the Ministry of Petroleum and the Nigerian National Petroleum Corporation.”

Business Hilights recalls that the Assa North/Ohaji South gas project is a joint venture project involving the SPDC, the NNPC, Total E&P Nigeria Limited, Nigerian Agip Oil Company and Seplat Petroleum Development Company Plc.

Additional details on the project note that SPDC is expected to manage the upstream operations to produce 600 million standard cubic feet of gas per day, half of which will be processed at a new SPDC JV processing plant and the remaining half sent to Seplat for processing at the company’s new gas processing plant.
https://businesshilights.com.ng/shell-imo-gov-renew-commitments-to-spdcs-gas-project/
Lalasticlala

600 Million Standard Cubic Feet Per Day. That Is Huge. Imo Is Blessed. This Is For Only One Site, What About Other Locations?

MikeBetty:
600 Million Cubit Per Day. Thats Huge. Imo Is Blessed.

Southeast is blessed with huge Gas reserve, Gas is the future,this is area FG can't ignore southeast in energy quest


SHELL TARGETS EQUIVALENT OF 2,400MW ELECTRICITY FROM NEW GAS SUPPLY PROJECT

The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2400 Megawatts which is enough to provide uninterrupted electricity to about 2.4 million homes, Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Osagie Okunbor said on Monday.
Okunbor spoke at the media launch of the 2019 edition of the Shell in Nigeria Briefing Notes, an annual publication detailing the activities of the business interests of the global energy giant in Nigeria covering SPDC, Shell Nigeria Exploration and Production Company (SNEPCo), Shell Nigeria Gas and the Nigeria Liquefied Natural Gas.

SPDC took the final investment decision on the Assa North/Ohaji South project last December giving a major momentum to the domestic gas aspiration of the Federal Government for increased power generation and industrialisation.
Giving a breakdown of the gas production, Okunbor said 300 million standard cubic feet of gas per day would be processed at a new gas processing plant owned by the SPDC Joint Venture while the remaining 300 million will go to a proposed gas processing plant by SEPLAT Petroleum.

Okunbor said, “The project would be a major game-changer in Nigeria’s quest for energy sufficiency and economic growth as we look to grow the domestic gas market.” He added that the SPDC and its joint venture partners – NNPC, Total and Agip – would continue to explore other areas of support for the expansion of domestic gas supply and continue to make investments under the right conditions.

The Assa North/Ohaji South Gas Development Project ranks top among the Federal Government’s Seven Critical Gas Development Projects aimed at accelerating Nigeria’s aspiration for energy sufficiency and diverse industrial growth.

Explaining the company’s gas development strategy, SPDC’s General Manager External Relations, Igo Weli, said Shell was transforming to a gas-oriented business and currently accounts for about 10 percent of Nigeria’s domestic gas most of which is used for power generation.

SPDC and SNEPCo continue to contribute tremendously to the Nigerian economy. They paid N515.14 billion to the Federal Government in 2018 in taxes, royalties and levies while contracts worth N393.94 billion were awarded to Nigerian companies in the same year. These contributions, according to the 2019 Shell in Nigeria Briefing Notes, are aside the N39.58 billion paid to the Niger Delta Development Commission and another N44.36 billion disbursed for various community-driven projects in the Niger Delta under the SPDC JV Global Memorandum of Understanding.

Shell Companies in Nigeria also made direct spending of N17.03 billion on social investment projects making Nigeria the largest concentration of social investment spending in the Shell Group.

Those who attended the Briefing Notes launch included the SNEPCo’s Managing Director, Bayo Ojulari; SNG’s MD, Ed Ubong and the SPDC’s General Manager External Relations, Igo Weli.
https://www.shell.com.ng/media/2019-media-releases/electricity-from-new-gas-supply-project.html

Big hope for eastern industrial revolution

Hope they will employ me there as nwafor

Excellent.

God bless Imo state.,my state .

Crude oil, and natural gas in south east hasn't been touched, FG ignored it since the 70s and focused more on Niger Delta cause they feared the Igbo region will become rich and break away from Nigeria

Gradually the attention of investors is turning to the south east, those Igbo's investing in Lagos are just wasting their money, south east is the real deal