The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners last week signed a Final Investment Decision (FID) agreement for 300 million cubic feet of gas per day production at Assa North gas development.
SPDC had announced taking FID last December on the Assa North Gas Development Project which is one of the Seven Critical Gas Development Projects of the Federal Government.
The project, located in south-eastern Imo State, aims to position Nigeria as a regional hub for gas-based industries while complementing Federal Government’s aspiration of gas sufficiency for domestic consumption, power generation, and gas-based ammonia and urea fertilizers for farmers.
At peak production, the project is expected to yield 300 million standard cubic feet of gas per day and will be treated at SPDC JV’s Gas Processing Facility and distributed through the Obiafu-Obrikom-Oben pipeline network.
Speaking at the FID agreement-signing ceremony, Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, described the project a major investment towards fulfilling the domestic gas aspiration of the Federal Government, adding that the corporation was excited at the progress with the project and would provide the needed support to ensure first gas production as soon as possible.
Baru, who was represented by NNPC Chief Operating Officer Upstream, Mallam Rabiu Bello, said, “The NNPC Project Management Board would work hard to ensure progress having provided the necessary approvals and enablers,” adding that on successful completion, the project would translate into huge social-economic benefit to Nigerians.