Page 14 - AfrOil Week 47
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AfrOil                                       PERFORMANCE                                               AfrOil





























                                                   The plant’s six existing trains can produce 22.5 tpy of LNG (Photo: NLNG)

                         Nigerian companies and Nigerian workers have   economy. “Train 7 means 12,000 jobs directly
                         improved their capacity and are able to handle   and, based on the board’s calculation, 40,000
                         high-end technical projects such as this one, he   additional jobs indirectly,” he remarked.
                         said.                                  He added: “On top of that, we are talking
                           The NLNG chief also thanked the Nigeria   55% of that scope will be domiciled and domes-
                         Content Development and Monitoring Board   ticated, and Nigerians will be directly involved
                         (NCDMB) for helping to push the Train 7 ini-  in more than half of the scope of this particu-
                         tiative forward and singled out the board’s exec-  lar project, and we are talking of over $10bn in
                         utive secretary, Simbi Wabote, for praise. He   terms of the overall Train 7 investment.”
                         said Wabote, who was the guest of honour at the   NLNG was formed more than 20 years ago
                         JCI reception, had taken all the steps needed to   and has been producing LNG since 1999. Equity
                         ensure the launch of the project in May of this   in the consortium is split between state-owned
                         year, at a time when the global oil and gas indus-  Nigerian National Petroleum Corp. (NNPC),
                         try had scaled back its operations in response to   with 49%; Royal Dutch Shell (UK/Netherlands),
                         the fall in demand that had followed the corona-  with 25.6%; Total (France), with 15%, and Eni
                         virus (COVID-19) pandemic.           (Italy), with 10.4%.
                           “[When] the contract was signed on May   The group has already built six production
                         13 this year, that was right in the middle of the   trains with a combined production capacity of
                         COVID-19 situation when the entire world was   22.5mn tonnes per year at its gas liquefaction
                         at a standstill ... The world was shut down, but   plant. Earlier this year, it took a final investment
                         the executive secretary was determined that   decision (FID) on the construction of the sev-
                         Train 7 would not be shut down. He pushed   enth production train, which will push total out-
                         hard to the extent that [the] contract was signed   put up to 30mn tpy. The new unit will add 4.2mn
                         against all odds,” he commented.     tpy of new capacity, and the debottlenecking of
                           Attah  also  pointed  out  that  the  expan-  existing trains will contribute another 3.4mn
                         sion project would be a boon to the Nigerian   tpy. ™


                                             PROJECTS & COMPANIES
       Total may expand Libyan operations






             LIBYA       FRANCE’S Total has reportedly expressed   assist with Libya’s efforts to bring oil production
                         interest in expanding its investments in Libya.  rates back up “to the highest levels.”
                           According to  a statement  from Libya’s   The Total executive did not identify any
                         National Oil Corp. (NOC), Stephane Michel,   specific targets for investment, but Sanalla indi-
                         the head of the French major’s exploration and   cated that NOC was concentrating on resuming
                         production operations in the Middle East and   operations at existing fields. “The NOC and its
                         North Africa, made a statement to that effect last   companies, even during the shutdown, have not
                         week. Speaking during a virtual meeting with   and will not stop working hard,” the chairman
                         NOC chairman Mustafa Sanalla, Michel said   remarked. “This explains the rapid return to pre-
                         that his company was prepared to support and   vious production rates.”



       P14                                      www. NEWSBASE .com                      Week 47   25•November•2020
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