May 28, 2024
NPDC invites firms as Financial and Technical services providers for development of OPLs 809, 810 assets
NPDC targets 600mmscf/d of Gas Supply to Domestic Gas Market
– By Godswill Odiong

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NPDC invites firms as Financial and Technical services providers for the development of OPLs 809, 810 assets

By Eyo Nsima

The Nigeria Petroleum Development Company NPDC has requested for expression of interest, EOI, as a financial and technical service partner for the development of Oil Prospecting Leases, OPLs 809 and 810 assets, in the Gongola Basin.

According to NPDC, “OPLs 809 and 810 are located within the Gongola Basin of the Upper Benue trough in the Northeastern part of the Country.

“The Gongola Basin is a North-South trending arm of the 1000 km long Benue Trough, a major geological structure underlying a large part of Nigeria and extending about 1,000 km northeast from the Bight of Benin to Lake Chad.

“It is part of the broader Central African Rift System. At the heart of the blocks is Kolmani River where exploratory activities began in the mid-90s and to date, significant discoveries have been made with huge commercial quantities of oil and gas in place. OPLs 809 and 810 are located at over 700km from the coast thus limiting the export and utilization options of the hydrocarbon resources.

“A review of the strategic options for developing and commercializing the hydrocarbon resources in the fields indicate that an integrated development consisting of upstream development which feeds an onsite midstream refinery and power plant is the most optimal approach for monetizing the hydrocarbon in place.

“This plan would optimize the development by reducing the cost associated with evacuation for crude and product, pipeline protection and integrity and ancillary cost.

“Ultimately, the plan is to create an industrial hub that will spur national economic growth, create employment opportunities, promote social prosperity, enhance energy security, and provide optimal returns to investors.”

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