Wednesday, 18 September 2013

Seven Energy & Frontier Oil set to unleash $500 million gas-to-power project

The multi-billion naira gas processing facility, built by  Seven Energy and Frontier Oil Limited Joint Venture (JV), is estimated at about $500 million (about N80 billion), with capacity to ease-off about 10 per cent of gas-to-power challenges in the country is set for commissioning. The Project Director, Uquo Gas Processing Plant, Alhaji Abdullah Bukar said that the gas facility was built at the best international standards, and has product quality of up to 98 per cent methane and lower than 2 per cent CO2 (carbon dioxide). According to him, the plant has 200 million cubic feet per day (mmcfpd) processing capacity with two modules operating at 100 (mmcfpd) each, and also 2,000 barrels per day of oil. The plant, according to Bukar, is ready for commissioning, while plans are also in top gear to establish additional $100 million (about N16 billion) pipeline network from Uquo to Oron. He said Acugas, its downstream subsidiary has built a 62 kilometers pipeline from Uquo to Ikot Abasi, which will deliver gas to the 190Mega Watts (MW) Ibom Power station, adding that another 37 kilometers pipeline from Uquo to Oron is under construction to supply gas to the 560MW Calabar National Integrated Power Plant (NIPP).
 Seven Energy Group is an indigenous oil and gas exploration, development and production company that comprises, Seven Energy, Septa Energy and Acugas).

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