Shell Petroleum Development Company of Nigeria Limited (SPDC) has concluded plans to supply gas to Dangote Fertiliser and Petrochemical Plant in Lekki for 10 years.
The final investment decision involves SPDC and its joint venture partners – Nigerian National Petroleum Company
Limited, TotalEnergies EP Nigeria Limited, and Nigerian Agip Oil Company.
“This investment decision is a critical step in pursuing the development of the gas-rich Iseni field, which is part of the Okpokunou Cluster in Oil Mining Lease 35 located in Sagbama Local Government Area of Bayelsa
State,” said the managing director of SPDC, operator of the joint venture, Osagie Okunbor.
Okunbor added that SPDC and its joint venture partners remained committed to Nigeria’s ‘Decade of Gas’ ambition and,
particularly, the domestic gas agenda.
According to Okunbor, increasing the delivery of natural gas to the domestic market is key to accelerated industrialization and economic development in Nigeria.
The FID signals a positive step towards the construction of the required infrastructure for the project that is expected to create jobs through direct and indirect employment.
Dangote boasts Africa’s largest granulated urea fertiliser complex and produces around 65 percent of Nigeria’s domestic fertiliser requirements.
The project will supply gas which will enhance the Dangote Fertiliser and Petrochemical Plant’s ability to deliver on its promise to the Nigerian people and government.
