By Chibisi Ohakah
Nigeria Liquefied Natural Gas Limited (NLNG) has issued a notice to release the Invitation to Tender (ITT) for the NLNG Train 7 project in April this year. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, who dropped the hint on Monday in Abuja, said the NCDMB is taking steps to ensure that other projects come on stream.
Wabote said Total is warming up to take another significant project, FID on Preowei. He said NCDMB is working hand in glove with NLNG to see that, like the NLNG Train 7, the invitation to tender (ITT) is issued within the next two month to the bidders. “All these are projects we have lined up and NCDMB is working hard to see that these projects come on stream so that all those fabrication yards and capacity we have developed in-country will be utilised as soon as possible. There is hope and opportunity in the oil and gas industry in Nigeria,” the NCDMB boss said
According to him, stakeholders in the Preowei oil field operated by Total Upstream Nigeria Limited concluded discussions on taking the final investment decision (FID) on Preowei project soon. Preowei is located in oil mining lease (OML) 130. It is expected to produce about 70,000 barrels of oil per day (bpd) at peak when it comes on stream. The field will be developed as a tie back to the Egina FPSO.
Also, shareholders in the Ikike oil field project in OML 99 offshore Nigeria are also concluding talks on taking FID on the project. The Field is projected to produce 60,000 barrels of oil per day when it begins operation.
“With all the investments that we see in the oil and gas sector starting from the Shell Nigeria Exploration and Production Company (SNEPCo). SNEPCo announced their bidding process for Bonga Southwest/Aparo (BSWA) project in OML 118, and in no distant time, we will see the project come on stream. The BSWA project, an eight-10 billion dollar project, is huge, especially coming on the back of Ejina project that has just been completed,” Wabote said
Other projects including Total’s Preowei project, the ExxonMobil’s Owowo field with estimated oil reserves of between 500 and one billion barrels and other projects are lined up now, the NCDMB boss said, is a testimony that the offshore activities of the Nigerian oil and gas industry are improving.
“We just started first oil in January in Total’s Ejina and if we get into another huge project like BSWA, imagine the level of investment and interest that investors have in the country.’’ OML 130 covers 500 square miles in the Niger Delta and is a deepwater block with water depths ranging from 1,100 to 1,800metres.
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