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NNPC takes final investment decision on Assa gas field

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Sufficiency in domestic gas supply may be attained soon as the Nigerian National Petroleum Corporation (NNPC), has taken the Final Investment Decision (FID) on the 4.3 trillion-cubit Assa North/Ohaji South Fields development.

The investment decision on the field located in oil mining lease (OML 21), was made by the corporation on Wednesday, 14 years since negotiations began according to Premium Times.

The field is operated by NNPC and its Joint Venture partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production Nigeria (TEPNG) and Nigeria Agip Oil Company (NAOC).

The project is expected to add about 600 million standard cubic feet per day, and another 197 million barrel (mmstb) of condensate realized, said Ndu Ughamadu the NNPC spokesperson.

Represented by NNPC Chief Operating Officer, Upstream, Bello Rabiu, the Group Managing Director of NNPC, Mr. Maikanti Baru said the Assa project was a critical gas supply hub in Nigeria’s burgeoning gas-infrastructure network designed to provide the linkage between the Eastern, Western and Northern gas pipeline system.

Mr. Maikanti Baru said the Assa project was a critical gas supply hub in Nigeria’s burgeoning gas-infrastructure network designed to provide the linkage between the Eastern, Western and Northern gas pipeline system.

Synergy and teamwork between NNPC and all the key stakeholders are critical for the successful completion of the multi-faceted project, Mr. Baru said.

He said the corporation and its JV partners have worked on all the issues and have developed a sustainable strategy to develop the considerable gas resources in Assa North-Ohaji South Fields.

The NNPC, Shell, Total and Nigeria Agip project teams and other critical stakeholders will enter the next major phase of the Engineering, Procurement, and Construction (EPC) of this project.

Mr. Baru said the NNPC would continue to leverage on available expertise and capital from its global outreach to accelerate and deliver on first gas from the project between the last quarter of 2019 and the first quarter of 2020.

Source Premium Times NNPC
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