Shell revealed that its ongoing Assa North/Ohaji South gas development in Imo State, Nigeria will produce 600 million standard cubic feet of gas per day, energy equivalent of about 2,400 Megawatts (MW) of electricity enough to provide uninterrupted power to 2.4 million homes.
The oil company said 13 percent of the electricity generated in 2018 came from the 650MW Afam VI power plant, the firm noted that the Assa project will further aid energy generation in the country. it reiterated its determination to support development in Nigeria, by exploring more oil in the deepwater frontier of the country.
Shell, which has completed its invitation to tender (ITT), said it is about taking a Final Investment Decision (FID), on the $10 billion Bonga South West Aparo project.
The Managing Director, the Shell Petroleum Development Company of Nigeria Limited (SPDC), Osagie Okunbor unveiled the 2018, Shell in Nigeria “Briefing Notes” in Lagos. He said the company paid a total of $17.8 billion as taxes, royalties, and levies to the Nigerian Government from 2014 to 2018.
Okunbor revealed that Shell contributed $2 billion to Niger Delta Development Commission (NDDC), and spent $239 million under its Global Memorandum of Understanding (GMoU), for host community development.
According to him, “SPDC took the final investment decision on the Assa North/Ohaji South project last December giving a major momentum to the domestic gas aspiration of the federal government for increased power generation and industrialisation”.
Okunbor, who gave a breakdown of the gas production, said 300 million standard cubic feet (mscf) of gas per day would be processed at a new gas processing plant owned by the SPDC Joint Venture, while the remaining 300mscf will go to a proposed gas processing plant by Seplat Petroleum.