The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), said its Oredo Integrated Gas Handling Facility when completed would meet 40 per cent of the country’s domestic LPG market demand.
Managing director of the NPDC, Mr. Yusuf Matashi, stated this during a tour of the facility by the board of directors of the company led by the group managing director, Dr. Maikanti Baru, on Wednesday.
Commending the board for coming to inspect the gas facilities, Matashi said the project would boost the earning capacity of the company.
Speaking of the potentials of the firm, he said, “The LPG Dispensing Facility strategically offered 40 per cent solution for Nigeria’s domestic LPG market which would translate into extra cash flow for the company.
“Another advantage is that it will ensure ease of distribution and penetration into the market. You can take LPG to every nook and cranny of the country from here. So, it is quite strategic.”
A statement issued by the spokesman of NNPC, Ndu Ughamadu in Abuja , said the world-class facility consist Oredo Gas-to-Pan-Ocean Facility, Oredo Integrated Gas Handling Facility (IGHF), as well as the Oredo LPG Dispensing Facility located on the NPDC’s Oredo Flow Station, all in Edo State.
According to him, the project has achieved a 100 per cent local content input in the development.
The statement added that, the IGHF was currently at 80 per cent completion when completed in December, would make provision for dehydration of gas and liquid extraction.
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