Making the disclosure in an interactive session with newsmen on July 17, the company’s General Manager, Public Affairs, Mr Pauly Enujuba, said the money will be invested on new gas and power projects such as the Nigeria Liquefied Natural Gas (NLNG), Trains Six and Seven, the Brass LNG, IPP Projects, Oil Mining Lease 58 (OML58) upgrade, as well as the Akpo, Usan oil field projects.
He said the company has moved from just producing crude oil onshore (OML 58 and 57) to the swampy Rivers and Delta states, to operate in deep offshore, and is now producing in addition to crude oil, condensate and gas.
“We are part owners of the NLNG, and last year August, we acquired 17 per cent of the Brass LNG. Completion of the Amenam Kpono Gas export Project has since ensured that on December 30, 2006, we were able to export the first gas from that field to the Bonny NLNG,” he said. -Neftegaz.ru
