December 24, 2024
FG Announces Take Off Of $550m Ubeta Gas Project
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FG Announces Take Off Of $550m Ubeta Gas Project

FG Announces Take Off Of $550m Ubeta Gas Project
FG Announces Take Off Of $550m Ubeta Gas Project

The presidency has announced the takeoff of the $550 million upstream gas project between the NNPC Ltd. and TotalEnergies on the development of the Ubeta field.

This was disclosed by the Special Adviser to the President on Energy, Olu Verheijen, during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC.

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Speaking at a luncheon organised as part of the inaugural US-Nigeria Strategic Energy Dialogue, Verheijen said the upstream gas project would deliver 350 million standard cubic feet of gas per day when operational.

In his response, the U.S. Assistant Secretary of the State Department’s Bureau of Energy Resources, Geoffrey Pyatt, said the dialogue was apt and strategic, adding that “the inaugural U.S.-Nigeria Strategic Energy Dialogue has set the stage for strengthened energy collaboration between the United States and Nigeria”. 

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