DPR issues licence for Nigeria’s first floating LNG production plant

1 min


0
DPR issues licence for Nigeria's first floating LNG production plant



The Department of Petroleum Resources (DPR) has issued licence for the establishment of Nigeria’s first floating Liquefied Natural Gas (LNG) production plant.
The department gave the licence to UTM Offshore Ltd., an indigenous oil and gas company.
A statement issued on Monday by Paul Osu, head public affairs, DPR, said the licence was presented to the company at the DPR headquarters in Abuja on Monday.
Sarki Auwalu, the director of DPR, who presented the licence, said the company would be processing 176MMcfd of natural gas and condensate.
Mr Auwalu said the milestone was a reinforcement of the promise and commitment of President Muhammadu Buhari to Nigerians to promote indigenous participation in the oil and gas sector.
According to him, it is to ensure that companies come to Nigeria and do business in an equitable way to stimulate the economy and create jobs for Nigerians.
He added that the licence was a demonstration of the government’s resolve to harness safe and reliable technology for the development of the oil and gas industry.
Mr Auwalu said the DPR would continue to create opportunities for companies by providing the regulatory tools of licences, permits and approvals for investors.
The Managing Director of UTM Offshore Ltd., Julius Rone, while receiving the licence promised to abide with the terms of issuance within the 24 months validity period of the LTE from the date of issue.
(NAN)

Support ‘ journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to , you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

TEXT AD: To advertise here . Call Willie +2347088095401…



Source link


What's Your Reaction?

hate hate
0
hate
confused confused
4
confused
fail fail
2
fail
fun fun
2
fun
geeky geeky
1
geeky
love love
6
love
lol lol
6
lol
omg omg
4
omg
win win
2
win
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Gif
GIF format