To power over 1.2 million homes with Ohaji gas project

The Shell Petroleum Development Company (SPDC) yesterday said that it would be expending about $15 billion across 24 oil and gas projects in Nigeria in the next five years.

Speaking at 2nd Nigeria Oil and Gas Opportunity Fair (NOGOF), concluded in Yenagoa, Bayelsa State, Managing Director of Shell, Mr. Nosa Okunbor, who spoke on the need for Nigerians to take advantage of the opportunities in the oil industry, also said that the oil giant would, in the next five years, surpass a 70 per cent target in the deployment of wholly Nigerian human and material resources to achieve its production benchmark.

The two-day programme was themed “Maximising Investment into the Nigeria Oil and Gas Industry for the Benefits of the Nigerian People” and was organised by the Nigerian Content Development and Monitoring Board (NCDMB) headquartered in Bayelsa.

Okunbor added that when completed, the ongoing projects, in the next five years, were capable of generating thousands of jobs in the industry and cited the Assa North, Ohaji project in Imo State as capable of generating 1,200 megawatts and powering over 1.2 million Nigerian homes.
“These remain exciting times for Nigeria as Shell along with its partners will be maturing several projects in support of Nigeria’s growth ambition.