#Country Updates #Gas, LNG & Power #News #Nigeria

Nigeria Awards First FLNG License

Nigeria Awards First FLNG License

Privately-owned Nigerian company UTM Offshore has been awarded a license to install a floating liquefaction (FLNG) unit at its Yoho oil field.

This marks the first FLNG license to be issued in Nigeria.

UTM Offshore is expected to install a 1.2 million tons per annum FLNG unit at the Yolo field.

The legal advisor for the deal, Templar, has said that the unit will be able to produce and process about 176 million cubic feet per day of gas, providing 1-2 cargoes monthly. The field is owned by ExxonMobil subsidiary, MPN, which holds a 40 percent stake and operatorship, and the Nigerian National Petroleum Corporation, which has a 60 percent stake.

click on the link below for full report

Source: AfricaOilandPower

Leave a comment

Your email address will not be published. Required fields are marked *