By Eyo Nsima
The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to attract project developments in-country valued at US$3.7bn under its commercial ventures partnership programme.
Speaking during the bi-annual Nigerian Oil & Gas Opportunity Fair (NOGOF) 2021, Executive Secretary, NCDB, Engr. Simbi Wabote, said some of the partnerships undertaken by the Board include the 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe, Imo State and NEDO Gas Processing Company in Kwale, Delta State for the establishment of 80 million standard cubic feet per day (MMscfd) gas processing plant and a 300MMscfd Kwale Gas Gathering hub.
According to the agency, other investments include the development of 5,000 metric tons LPG Storage and loading terminal facility by Triansel Gas Limited in Koko, Delta State and construction of Energy Park, inclusive of a modular refinery, power plant and 40MMscfd gas processing facility at Egbokor, Edo State by Duport Midstream.
He also noted that the board further partnered Brass Fertiliser for the development of a 10,000MT/day Methanol Plant and 500MMscfd gas processing plant at Odiama in Brass as well as with Rungas Group for the manufacturing of 1.2million composite LPG cylinders annually in Bayelsa and Lagos States.
Specifically, he said: “Some of NCDMB partnerships will be completed and commissioned with the next two years, notably a modular refinery in Edo and Bayelsa State.
“We shall complete and commission composite LPG cylinder manufacturing plants with combined capacity of 1.2 million cylinders per annum. We shall commission three other projects dedicated to gas processing, LPG bottling, and production of base oil.
“We shall also commission and commence operations from our industrial parks at Odukpani and Emeyal-1 and we shall commercialize at least one R&D project and close skills gaps in under-water welding and any other core skill required in the industry.”
According to him, “The declaration of a Decade of Gas by President Muhammadu Buhari, the impending passage of the Petroleum Industry Bill, the amendment of the NOGICD Act, the ratification of the AfCFTA agreement and the recently approved and gazetted Ministerial Regulations are some of the policy and regulatory-driven opportunities in the coming years.”
Meanwhile, NNPC, Group Managing Director, Mele Kyari, said: “NNPC is willing to partner with potential investors towards value creation and a fair share of Return on Investment (RoI) in the exploration of frontier basins, development of upstream gas fields and financing of Greenfield/Brownfield additional production on de-risked assets.”
He added: “Opportunities abound in Gas & Power infrastructure development, expanding Gas Pipeline networks, development of Gas based industries as well as the Integrated Power Plants. Other areas of opportunities include the rehabilitation of existing refineries, construction of Greenfield condensate refineries as well as in the downstream sector, especially in LPG and CNG plants across the country, pipelines and storage tank construction as well as developing Shipping Capacity.”
