Four major projects being developed by investors in partnership with the Nigerian Content Development and Monitoring Board, NCDMB, would be completed before the end of this year, the Executive Secretary, NCDMB, Engr. Simbi Wabote, has disclosed.
“NCDMB is also partnering with the Lagos Deep Offshore Logistics Base, LADOL, to develop a 24 megawatts power plant at Tarkwa Bay, Lagos State”
One of the projects, according to Wabote, is the DUPORT Midstream Ltd’s Energy Park, which comprises 2,500 barrels of crude oil per day modular refinery, 40 million standard cubic feet per day gas processing plant and 2 megawatts power plant.
Another of the projects is Rungas facility in Polaku, Bayelsa State, which will produce 400,000 units of composite Liquefied Petroleum Gas, LPG, cylinders per annum while the others are the BUNORR production plant in Port Harcourt, Rivers State, which would produce 48,000 litres of base oil per day and the NEDO Gas facility upgrade and expansion, expected to process 80 million standard cubic feet per day of gas.
The executive secretary disclosed this in Abuja at the one-day workshop on the “NCDMB Roadmap, A Catalyst for the Industrialisation of Nigeria 2017-2027,” organised by the Reform Coordination and Service Improvement Department of the Ministry of Petroleum Resources.
He also stated that five LPG storage/bottling plants and six LPG depots being developed in partnership with Butane Energy Limited in 10 states in the northern part of the country and Abuja would be completed in two phases – six in quarter 1 of 2022 and the rest in quarter 4 of 2022, with the opportunity to create 1,900 direct, indirect, and induced jobs.
Wabote also hinted that the Board was partnering with the Lagos Deep Offshore Logistics Base, LADOL, to develop a 24 megawatts power plant at Tarkwa Bay, Lagos State, to provide uninterrupted power supply to the free zone, which hosts key facilities required to service the oil and gas industry. The project is expected to generate 400 jobs.
The NCDMB boss, who maintained that the Board’s partnership investments cut across modular refineries, LPG value chain, and other areas, said the agency had 23 project sites spread across Abuja, Bayelsa, Bauchi, Delta, Edo, Gombe and Imo state.
Other locations, according to him, include, Jigawa, Kaduna, Katsina, Kano, Lagos, Nasarawa, Niger, Plateau, Rivers, and Zamfara states.
The NCDMB boss explained that the Board committed equity investments into strategic projects that align with government’s policies with a view to catalysing them to success, and would exit those businesses once they become successful.
The investments were also in line with the Board’s vision “to be a catalyst for the industrialisation of the Nigerian oil and gas industry and its linkage sectors,” he added.
SOURCE: sweetcrudereports.com