UTM solicits NCDMB’s equity investment, approvals for floating LNG project

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The target completion date of the FLNG project is 2028 and it hopes to contribute about 450,000 tonnes of liquified petroleum gas...

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The request was made on Wednesday at the Nigerian Content Tower in Yenagoa, Bayelsa State when the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe hosted the management of UTM Offshore Limited led by the Group Managing Director, Mr Julius Rone. He invited the NCDMB to take equity in the project, hinting that the Nigerian National Petroleum Company Limited and the Delta State Government were already partners on the project given its importance to Nigeria’s energy security. He described the FLNG as another confirmation of the capability of Nigerians to develop projects of world class standards.

Providing further details, the Technical Manager of the FLNG, Mr George Amara stated that the project’s target total production is 2.72 million tonnes per annum , with LNG accounting for 1.81 MTPA, LPG taking up 0.45 MTPA, and condensate making up 0.25 MTPA. He hinted that the project was going into the engineering, procurement, construction, installation and commissioning stage, which is very critical, hence the need to update the NCDMB and request speedy approval for the EPC NCD Plan.

 

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