• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, September 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NNPC, TotalEnergies Sign Final Investment Decision On $550m Ubeta Deal Today

by Leadership News
1 year ago
in Business
NNPC
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian National Petroleum Company (NNPC) Limited and TotalEnergies will on Thursday, sign the final investment decision (FID) for the Ubeta Field Development Project.

Advertisement

An event schedule seen by LEADERSHIP indicates that TotalEnergies and its senior partner, NNPCL will be signing the UBETA FID in Abuja on June 20.

The FID on the Ubeta deal is expected to have a significant impact on Nigeria’s energy sector, and it marks a major step forward in the country’s efforts to develop its oil and gas resources,
Utilising the provisions of the Petroleum Industry Act (PIA) 2021, the decade of gas initiatives, and executive orders issued in March 2024, the source stated that TotalEnergies is committed to investing in the Ubeta Field Development Project to unlock 350 million standard cubic feet per day (MMSCF/D).

Advertisement

Upon becoming operational, the source noted that the Ubeta project will yield 10,000 barrels per day (bpd) of associated liquids.

The project is anticipated to tap into extensive gas reserves and contribute to securing the gas supply for Nigeria LNG.

The Ubeta deal involves the development of a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to Dangote Fertiliser and Petrochemical Plant in Lekki, Lagos State, for 10 years.

RELATED NEWS

Afriland Fire: FIRS Sets Up Trust Fund, Educational Sponsorship For Staff’s Families

Pencom Sets December 2026 Deadline For PFAs To Recapitalise To N20bn

Dangote Refinery Resumes Petrol Sale In Naira After Committee’s Intervention

Reps Committee Seeks Resolution Of Dangote-NUPENG Face-off

This project is expected to create jobs and stimulate economic growth in Nigeria.

The FID is seen as a major step forward in Nigeria’s Decade of Gas initiative, which aims to increase the delivery of natural gas to the domestic market and accelerate industrialisation and economic development.

Join Our WhatsApp Channel

Tags: Nigerian National Petroleum Company Limited (NNPCL)Total Energies
SendShare10185Tweet6366Share
Leadership News

Leadership News

OTHER NEWS UPDATES

Sylva’s Aide Apologises Over Media Publication Error
Business

Afriland Fire: FIRS Sets Up Trust Fund, Educational Sponsorship For Staff’s Families

39 minutes ago
PenCom Cautions Retirees Against Fraudulent Pension Group
Business

Pencom Sets December 2026 Deadline For PFAs To Recapitalise To N20bn

39 minutes ago
Retailers, Dangote Refinery Seal PMS Supply Deal For Year-end Festivities
Business

Dangote Refinery Resumes Petrol Sale In Naira After Committee’s Intervention

40 minutes ago
Advertisement
Leadership Conference advertisement

LATEST

Big Three Battered: Chelsea, Man Utd, Liverpool Face Disastrous Defeats

CAFCL: Rivers United Won’t Let Nigeria Down – Skipper Assures

4th CDS Basketball Tourney To Tip-Off In Lagos Sept 30

Nigeria@65: Golf Enthusiasts Donate Facilities To TYB Golf Resort

Veteran Singer Salawa Abeni Reacts To Death Rumours

Young Artiste Ru Drops New Single ‘Woman’

BBN S10: Joanna Speaks on Faith, Jason, Self-Discovery In The House

Spotify Names Ayra Starr Biggest Female Afrobeats Artiste

Parental Greed, Poverty Trigger Human Trafficking – Edo Migration Agency Boss

God’s Gift Of A Good, Godly Family

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.