Seplat Energy plans to set in motion by June 2022 its own share of the gas manufacturing project it jointly holds with the Nigerian Gas Company (NGC) in Assa North-Ohaji South, Imo State, which experts say ranks among the country’s biggest gas condensate development projects.
NGC is a subsidiary of state-owned Nigerian National Petroleum Corporation.
The first stage is to deliver 300,000 million standard cubic feet per day to the gas market in Africa’s largest economy, S&P Global Platts said in a report Thursday, citing Roger Brown, the oil driller’s chief, on the sidelines of Dubai-held Africa Oil Week.

“Our design as such we have a got a lot of land and we put the infrastructure in such a way that we can scale it,” Mr Brown said.

“It all depends on the demand. There is plenty of gas.”

At 25,000 barrels a day, Seplat also looks to produce condensate, a light liquid with close affinity to conventional crude oil and extracted while processing gas.
This February, Seplat said the joint venture also known as ANOH Gas Processing Company got funding in the sum of $260 million after a posse of seven domestic and foreign lenders united to bankroll the last phase of the project, which had earlier been financed by a partnership worth $420 million from the energy firm and the NGC.
Cash from crude oil sales still brings more than 80 per cent into the company’s earnings pool, according to data from its nine months to September financial statement.
But the broad global shift to cleaner energy and de-emphasis of hydrocarbons like petrol has spurred a fiercer push for gas production in Seplat, which this year dropped its previous moniker, Seplat Petroleum, for Seplat Energy in the spirit of the new wave.
We see gas processing as a really great development for the country because it’s strategic for the government,” the CEO said
“Gas processing will then allow that gas to go to industrial zones but also into power, which will displace diesel.”
The company posted a jump of 141 per cent in after-tax profit for the first nine months of 2021 after turnover climbed to N182.7 billion from N135.6 billion.
Seplat is simultaneously listed on the London Stock Exchange as well as in Lagos.
https://www.premiumtimesng.com/business/business-news/494829-seplat-sets-start-date-for-key-gas-processing-project-in-imo.html
Lalasticlala

Dangote and group is pushing his refinery, Abc Ojiakor Chairman Seplat and his group pushing for biggest gas condensate development projects.

Interesting.
It sounds better when it is indigenously owned

Hope all this will have positive impact on the common mans

HELINUES AKA MONOGAMY AND SEUNMSG WILL NOT LIKE THIS NEWS

Kunlelee:
Hope all this will have positive impact on the common mans

IT’S NOT YET TIME TO CRY KUNLE

BKayy:
Interesting.
It sounds better when it is indigenously owned

Dr Abc Ojiakor is doing well currently building 5billion naira Neimeth pharmaceutical manufacturing facility at Amawbia, near Awka in Anambra State.

Great news.


More growth to the company and the host community.

post=107527328:

Abc Ojiakor is doing well currently building pharmaceutical manufacturing facility at Amawbia, near Awka in Anambra State.

Nice one. Akụ ruo ụnọ.
It seems he still have interests in the health line, I thought he left it for good like Ngige.
We are slowly but consistently getting there

I love it when Igbo billionaire companies invest in our region

BKayy:
Interesting.
It sounds better when it is indigenously owned

I like that meme, NDDC aka Wazobia is for every Nigerians.

The idiots that claim Niger Delta as ethnic identity would now see how foolish they are since Kanuri man is also belong to Niger Delta

anambra and imo to the world. this decade will mark the shifting of Nigeria's economic attention to Igbo land. we are blessed

JavaScript90:
anambra to the world. this decade will mark the shifting of Nigeria's economic attention to Igbo land. we are blessed

Dr Ojiakor is one of Anambra great men that endorsed Prof Soludo to be governor of Anambra State, the future is very bright

Very good development.
Igbos want Awa Oyel, Nye nye Nye nye!

We need more sha.
The Igbo nation is on the rise and the eyes of evil enemies surrounding us South and North and West will be blinded by the radiance of our magnificence.

BKayy:
Interesting.
It sounds better when it is indigenously owned

This picture sounds cool.

Igboid:


This picture sounds cool.

Thanks

BKayy:

Thanks

Your mindset represent everything the modern Igbo should be.
Jide ka iji!

Nice one

Biafrarep:


I like that meme, NDDC aka Wazobia is for every Nigerians.

The idiots that claim Niger Delta as ethnic identity would now see how foolish they are since Kanuri man is also belong to Niger Delta

But jokes apart. Nnamdi kanu made several comments about how foolishly people shout 'we the niger Delta'. And how the so called intellectuals think Niger Delta is a tribe

Imo state will be far developed than Lagos soon

Good news for the masses of Nigeria

OBALOLA55:
HELINUES AKA MONOGAMY AND SEUNMSG WILL NOT LIKE THIS NEWS

Why?

Igboid:


Your mindset represent everything the modern Igbo should be.
Jide ka iji!

Daalụ

seunmsg:


Why?

BECAUSE IT’S HAPPENING IN IBO LAND

BKayy:

Nice one. Akụ ruo ụnọ.
It seems he still have interests in the health line, I thought he left it for good like Ngige.
We are slowly but consistently getting there

ABC ORjiakor..

We used to lease his dredger at 1.5 million a day.

We also buy diesel from his Abbeycourt oil and gas..

Biafrarep:


I like that meme, NDDC aka Wazobia is for every Nigerians.

The idiots that claim Niger Delta as ethnic identity would now see how foolish they are since Kanuri man is also belong to Niger Delta

We need to open a thread to mock we Niger delta. At least the yoruba who also claim we Niger delta can officially beat chest while claiming