Penspen to run engineering study off Nigeria for Sirius
- Business & Finance
Penspen, a provider of engineering and management services to the energy industry, has been awarded a contract from Sirius Group to conduct an engineering study for the monetization of gas reserves from oilfields offshore Niger Delta.
As a key element of this agreement, the company named the development of gas reserves of the OML 122 field, located in the offshore Niger Delta region, 40km from the coastline of Southern Nigeria.
The study is being conducted as part of Project Dawn, a three-year development project worth $1.2 billion that includes the construction of a pipeline network to deliver natural gas to the Escravos – Lagos Pipeline System (ELPS), which was designed and constructed under the supervision of Penspen more than two decades ago.
According to Penspen, the gas from Project Dawn will feed power plants and different industrial applications in Nigeria.
Project Dawn is expected to introduce 250mmscf/d of natural gas under the Gas Sale and Purchase Agreement (GSPA) between Sirius Oilfield Support Services Ltd and Nigerian Gas Company (NGC) a Subsidiary of NNPC.
The company says the project will include an evaluation of the OML-122 field development, subsea gas pipeline and onshore central processing facility. The study will seek to determine the extent of new pipeline and facilities required, and quantify the overall investment required for the project, Penspen said.
The work is planned to include workshops in Nigeria to cover the screening of options, as well as decision and risk analysis.
Peter O’Sullivan, CEO of Penspen said: “Our engineering expertise for this significant study will increase availability and improve accessibility to energy across the region.”