Nigerian Petroleum Firm Restricted (NNPCL) and FIRST Exploration & Petroleum Growth Firm Restricted (FIRST E&P) Joint Enterprise (JV) have made a big hydrocarbon discovery within the Songhai Discipline, positioned in OML 85.
The nicely, in accordance with studies, encountered hydrocarbons throughout eight reservoirs, logging over 1,000 toes of hydrocarbon-bearing sands, most of which exhibit wonderful reservoir properties.
That is coming because the NNPC Fuel Advertising and marketing Ltd (NGML), a subsidiary of the NNPC Ltd, and its Unincorporated Joint Enterprise accomplice, NIPCO Fuel Ltd, executed a Fuel Sale and Buy Settlement (GSPA) with Ssonic Petroleum Ltd to produce pure gasoline to the corporate’s proposed Liquefied Pure Fuel (LNG) plant in Lekki Free Commerce Zone, Lagos State.
Beneath the phrases of the settlement which was executed on Thursday, sixth March, 2025, the NGML-NIPCO UJV will provide 80 million customary cubic toes (mmscf) per day of pure gasoline to the Ssonic Petroleum LNG plant for a interval of 20 years, stated the chief Company Communications officer of the NNPCL, Olufemi O. Soneye.
The gasoline provide settlement is a part of efforts by the NNPC Ltd to spice up home gasoline utilisation for the nation’s industrial and financial development and promote using gasoline as a cleaner, cheaper and extra environmentally pleasant gasoline consistent with the aim of lowering world warming.
In the meantime, preliminary evaluation signifies substantial oil and gasoline volumes, reinforcing the sphere’s industrial potential. Additional evaluations, together with formation testing and nicely information integration, will likely be performed to refine useful resource estimates and optimise discipline improvement plans, it acknowledged.
Talking on the invention, normal supervisor, Exploration and Growth at FIRST E&P, Segun Owolabi, described it as a significant milestone within the JV’s efforts to maximise the potential of its belongings.
“This discovery marks a significant milestone in our efforts to unlock the complete potential of our belongings. The success at Songhai Discipline underscores the effectiveness of our exploration technique and our dedication to delivering sustainable worth to all stakeholders,” Owolabi acknowledged.
NNPC Restricted, as the bulk accomplice within the JV, additionally emphasised the strategic significance of the invention in supporting Nigeria’s manufacturing development and price optimization targets. The CEO of NGML, Seyi Omotowa, famous that the success at Songhai Discipline aligns with NNPC Restricted’s broader upstream goals.
“This aligns with NNPC Restricted’s mandate to drive manufacturing development and price optimisation. The success at Songhai Discipline displays our dedication to strategic partnerships, superior expertise, and environment friendly operations to maximise Nigeria’s hydrocarbon potential sustainably,” he stated. The invention additionally highlights the position of strategic collaboration in increasing Nigeria’s hydrocarbon reserves.
Commenting on this, NNPC Restricted’s group chief government officer, Mele Kyari, reaffirmed the corporate’s dedication to effectivity and long-term worth creation. “This discovery reaffirms the potential of Nigeria’s offshore belongings and the significance of collaboration in boosting reserves and manufacturing. NNPC Restricted stays dedicated to driving effectivity and long-term worth creation for the nation,” Kyari acknowledged.
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