National Wire About Nigerians, Nigerian Business and Other Stories
Seplat Petroleum Development Company Plc, has taken a Final Investment Decision, FID, for Amukpe to Escravos 160,000 barrels of oil per day, (bopd), alternate export pipeline.
This will provide a third export option for liquids production at Oil Mining Licences, OMLs, 4, 38 and 41 and will be coming on stream in the second quarter of 2019, Q2’19.
Speaking during the Company’s sixth Annual General Meeting, AGM, in Lagos, the Chief Executive Officer of Seplat Petroleum, Mr. Austin Avuru, announced that Seplat board has taken the Final Investment Decision for the ANOH and Amukpe to Escravos alternate export pipeline which will be completed and fully commissioned in Q2 2019.
“These projects are part of the future expansion initiatives of Seplat in Nigeria’s oil and gas industry. “At our core assets in the West, OMLs 4, 38 and 41, the extension of the license to 2038 means that we can confidently plan and invest long into the future to realise the full potential of those blocks.
“As Seplat continues to enhance production and revenue diversification with new wells scheduled at OML 53 in the East, the board took the Final Investment Decision to invest in the large scale ANOH gas and condensate development which will form the next phase of transformational growth for our gas business.
