A final investment decision to develop the Iseni gas project in Nigeria has been reached by a consortium comprising the Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company of Nigeria (SPDC), TotalEnergies EP Nigeria Limited and the Nigerian Agip Oil Company.
The joint venture will construct an upstream facility to supply 100 million standard cubic feet of gas per day to the Dangote Fertiliser and Petrochemical Plant in Lagos over a ten-year period.
Osagie Okunbor, Managing Director of SPDC, said “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.”
The project aligns with Nigeria’s ‘Decade of Gas’ agenda, aimed at bolstering energy security, fostering industrialization, and stimulating economic growth leveraging local energy resources, according to a statement.
The gas sourced from the project will be converted into feedstock capable of generating 400 MW of electricity, contributing to the resilience of the Nigerian grid.
