THE Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partner, including the Nigerian National Petroleum Company Limited (NNPCL), TotalEnergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC) have taken the Final Investment Decision (FID) to build an upstream facility to supply 100 million standard cubic feet of gas per day to Dangote Fertiliser and Petrochemical Plant for 10 years.
According to media reports, the Managing Director of SPDC and Country Chair of Shell Companies in Nigeria, Mr Osagie Okunbor, described the FID as a significant step in supporting the Nigerian Government’s ‘Decade of Gas’ ambition.
“This investment decision is a critical step in pursuing the development of the gas-rich Iseni field, which is part of the Okpokunou Cluster in Oil Mining Lease 35 located in Sagbama Local Government Area of Bayelsa State,” Okunbor said.
He added that SPDC and its joint venture partners remained committed to Nigeria’s ‘Decade of Gas’ ambition and particularly the domestic gas agenda. According to Okunbor, increasing the delivery of natural gas to the domestic market is key to accelerated industrialisation and economic development in Nigeria.
The Dangote Fertiliser and Petrochemical Plant is situated at the Lekki Free Trade Zone, Lagos State.
