Power & Energy

NDPR Enters Gas Joint Venture with South Sudanese Firm

Niger Delta Petroleum Resources (NDPR) has formed a joint venture with Nile Petroleum Corporation, the South Sudanese state hydrocarbon company, to “fully monetize and commercialize the entire Gas Reserves of The State of South Sudan.”
NDPR’s Chief Executive, Layiwola Fatona, who made this known to guests at the Lagos Oil Club Question and Answer session, noted that the agreement for collaboration was signed in 2014 to also “support Nile Petroleum Corporation to achieve production optimisation from all existing brown fields in the country”.
Fatona said that the journey to East Africa is part of the company’ strategic work to build the future of NDPR, the first Nigerian company to officially operate a marginal field.
“We are exporting the Ogbele development model to Sub Saharan Africa. We are also investigating opportunities in Uganda. The Champion is ready to flourish as a Pan African corporate vehicle for oil and gas regional development,” Fatona said.
Fatona has spoken about the model of Ogbele field development at four different forums in Nigeria alone in the last 24 months and is about taking a fallow, neglected, undeveloped discovery estimated at two million barrel of crude (ultimate oil recovery) and creating an integrated oil and gas business out of it, consisting a crude oil production line currently producing 3,900 barrels of oil per day, a mini refinery delivering 120,000 litres of diesel per day and a gas processing plant outputting 48 million cubic feet of gas every day to the Nigeria Liquefied Natural Gas (NLNG) system.
“In between first oil in October 2005 and February 23, 2015, the Ogbele marginal field has yielded “10million barrels of crude oil, 45 million litres of diesel, largely sold in the domestic market and 19.024 billion cubic feet of gas delivered to the NLNG system,” he added.

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Ihesiulo Grace

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