The Department of Petroleum Resources, DPR, has signed the Pre-Front-End Engineering Design, FEED, for the first-of-its kind Floating LNG Project in Nigeria.
Speaking at the signing ceremony in Abuja, the Director, DPR, Sarki Auwalu, said, “I am particularly elated to witness this momentous event following the issuance of the License to Establish this flagship FLNG project which was issued by the Department of Petroleum Resources in February this year”.
The prompt transition of project implementation to the commencement of initial basic engineering works according to him is a testament to the doggedness, resilience, and business-mindedness of UTM Offshore, which is blazing the trail in major capital midstream gas development by an independent, indigenous companies.
“We, at the Department of Petroleum Resources (DPR), heartily felicitate with you, and indeed, all well-meaning Nigerians on the attainment of this important milestone. You will recall that the His Excellency, President Muhammadu Buhari, GCFR, at the onset of the is administration given an important boost to investment I the Nigeran Oil and Gas sector when he declared both in words and actions, that: Nigeria is Open for Business. Hence, the DPR, under the leadership of the Honorable Minister of Petroleum resources, have continued to implement policy and regulatory reforms driven by commitment to attract investments, create value and improve the contributions of the Oil and Gas sector to Nigeria’s GDP”, he said.
“With the continued blessings of Mr. president, we will not rest on our oars. With the commencement of preliminary engineering of this Liquefied Natural Gas project, the drive of Mr. President and the HMSPR of making the 2021 – 2030 Nigeria’s decade of gas is fast becoming a solid reality. As a Department, we will continue to provide opportunities and enable the businesses of promoters and investors in the Oil and Gas Industry for economic growth stability and sustainability of Nigeria and for the mutual benefit of all investors and industry participants”, he added.
“Our Licences, Permits and Approvals will continue to serve as stimulants for value addition and enablers of development. Please be assured of the Department’s 2 unflagging support to see you through the successful execution of this landmark project in a safe, cost-effective, and timely manner whilst ensuring adherence to applicable Nigerian laws and regulations and global best practices, all in a bid to ensure successful project development and optimum return on investment. We call on you to take advantage of the resources of the National Oil and Gas Excellence Centre, NOGEC, which was commissioned by Mr. President in January 2021 as the one stop shop techno-economic resource to enhance safety, value, and cost efficiency in the industry”, stated the Director.
Speaking further, he said, “DPR will plow its wealth of experiences in major capital development projects since its creation in 1938 and bring all relevant resources to bear on this project for overall sustainability and enhanced value to all stakeholders. On this note, may I once again felicitate with UTM offshore on this important milestone and assure you of our continued support and guidance towards the successful implementation of this Project. Remember that we are not just regulators; we are also opportunity providers and business enablers, optimizing value from the abundant oil and gas resource endowment that God has bequeathed this wonderful nation, Nigeria”.