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Shell, Imo gov renew commitments to SPDC’s gas project

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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.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.
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