Shell Petroleum Development Company of Nigeria Limited (SPDC) is set to provide gas to the Dangote Fertilizer and Petrochemical Plant in Lekki for a period of 10 years.
The final investment decision involves SPDC, Nigerian National Petroleum Company Limited, TotalEnergies EP Nigeria Limited, and Nigerian Agip Oil Company, which are its joint venture partners.
“This investment decision is a critical step in pursuing the development of the gas-rich Iseni field, which is part of the Okpokunou Cluster in Oil Mining Lease 35 located in Sagbama Local Government Area of Bayelsa State,” said the managing director of SPDC, operator of the joint venture, Osagie Okunbor.
Okunbor emphasized that SPDC, alongside its joint venture partners, remains dedicated to realizing Nigeria’s ‘Decade of Gas’ vision, with a specific focus on advancing the domestic gas agenda.
Okunbor highlighted that the pivotal strategy for expediting industrialization and economic growth in Nigeria is the enhanced delivery of natural gas to the domestic market.
The Final Investment Decision (FID) marks a positive stride toward initiating the necessary infrastructure construction for the project, anticipating the generation of jobs through both direct and indirect employment.
Dangote is owns Africa’s largest granulated urea fertilizer complex, contributing to approximately 65 percent of Nigeria’s domestic fertilizer needs.
The initiative will provide gas, strengthening the Dangote Fertilizer and Petrochemical Plant’s capacity to fulfill its commitment to the Nigerian people and government.