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 commercialisation policy of government for gas development in the country.
Kachikwu gave the advice while fielding questions from newsmen after visiting the ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) facility in Lagos 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 barrels, making it one of its biggest kind in the world. The Erha field and Erha North satellite field were completed in 2006.
The fields are located approximately 97km offshore Nigeria in water depths ranging from 1,000m to 1,200m.
NAN reported that the fields were developed with an investment of $3.5…