ND Western will complete work on its 10,000 bpd refinery project in Uturogu, Delta State, Nigeria by 2023.
The disclosure was made on the sidelines of the Nigeria Oil and Gas Conference & Exhibition (NOG 2021) that provides a platform for the international energy industry to meet with the West African country’s key oil and gas decision-makers to hear policy announcements, explore partnership opportunities and discuss the strategies that will drive the nation towards energy sufficiency.
The exhibition was held at the Abuja International Conference Centre in the capital city of Nigeria.
The front end engineering design for the project, which is a joint venture with the Nigerian National Petroleum Corporation (NNPC), the oil corporation through which the federal government regulates and participates in the country’s petroleum industry, has been completed.
This will be followed by the taking of the Financial Investment Decision (FID) by the JV parties within the next few months. The period of the construction of a project of this magnitude after the FID is about 24 months.
With a current gas production capacity 400 mmscf per day, the company plans to become an integrated energy company, with significant downstream and midstream businesses by establishing liquefied petroleum gas (LPG), liquefied natural gas (LNG), and compressed natural gas (CNG) plants across the nation.