Gas policy : Minister challenges ExxonMobil, others


MD ExxonMobil Nigeria

By Edith Ike-Eboh

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other  International Oil Companies  (IOCs) operating in Nigeria, to key into the gas commercialization policy of government for gas development in the country.

Kachikwu gave the advise while fielding question from newsmen after  visiting the ExxonMobil  Erha Floating Production Storage and Offloading vessels (FPSO) facility in Lagos, On Sunday.

An FPSO unit is a floating vessel used by the Offshore oil and gas industry for the production and processing of hydrocarbons for the storage of oil.

Erha FPSO has a liquid storage capacity of 2.2 million barrel, making it one of its biggest kind in the world. the Erha field and Erha North satellite field, was completed in 2006.

The fields are located approximately 97km offshore Nigeria, in water depths ranging from 1,000m to 1,200m.

NAN reports that the fields were developed with an investment of 3.5…

Source: News Agency of Nigeria