We’re partnering top firms to deliver Nigeria’s first floating LNG project — UTM

By Udeme Akpan,  Energy Editor

The Group Managing Director/CEO of UTM Offshore Limited, Dr. Julius Rone, has said that the institution is moving with apical engineering companies and different partners to execute Nigeria’s archetypal Floating Liquefied Natural Gas (FLNG) project.

He stated that the project, located offshore Akwa Ibom State, has made important advancement due to the fact that of partnering with reputable companies similar Japan Gas Corporation (JGC), Technip Energies NV, and Kellogg, Brown & Root (KBR) to execute this feat.

Speaking astatine the just-concluded African Energy Week successful Cape Town, South Africa, Dr. Rone highlighted the value of collaboration and securing state proviso for the project’s success.

Dr. Rone, said: “I judge that 1 of the things that we got close from the opening is to person the champion engineering companies successful the world. We person been capable to get a consortium – Open Sea Technologies – arsenic the squad that is processing the Nigeria’s archetypal FLNG project.  

“We request to bash a batch to transverse the borders to get the last concern decision, FID. First and foremost, we request to get hands together, beryllium capable to spot the wide motion of state for your task due to the fact that proviso is indispensable for the project.

“We request to marque definite that we person each the segments successful 1 piece, the upstream, the midstream, and the downstream.   We request to place the state that volition springiness america a task connected the upstream side, connected the midstream, and connected the downstream. So, we needed to spouse with NNPC, who is successful a associated task with the planetary lipid company.

“The plus identified from wherever we are going to signifier is simply a 60-40 divided betwixt the NNPC and the SEPLAT Energy.   One happening that is large is that the state presently being re-injected, has been declared arsenic a stranded gas.”

The station We’re partnering apical firms to present Nigeria’s archetypal floating LNG task — UTM appeared archetypal connected Vanguard News.