15 January 2017, Lagos – Green Energy International Limited has said it will utilise gas produced from its Otakikpo Marginal Field in Oil Mining Lease 11, Rivers State, for power generation and domestic gas production.
It stated that the project was expected to boost the economy of the fishing communities and was being carried out in the state together with GEIL’s technical partner, Lekoil.
The gas producer said the project would encourage the communities to establish an industrial park where companies could leverage the uninterrupted electricity in the area, adding that the total initial cost of the scheme was in excess of N2bn.
The Director of Sustainable Development at GEIL, Mr. Ayo Olojede, said the company had started processing application with the industry regulator for the installation of gas processing facility to extract the Liquefied Petroleum Gas and condensate from wet associated gas in the Otakikpo wells.
- Punch
