By Esther Agbo
The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, delivered a keynote address at the Final Investment Decision (FID) Ceremony for the OML58 Ubeta Field Development Project. This event marks a significant milestone in Nigeria’s energy sector and highlights the robust partnership between Nigeria and TotalEnergies.
The Ubeta Project is projected to produce 350 million standard cubic feet per day (MMScf/d) of gas at its peak.
This initiative is a testament to TotalEnergies’ commitment to Nigeria and plays a crucial role in ensuring a stable gas supply for Nigeria LNG. The project is expected to enhance the stability and growth of Nigeria’s gas industry, which is essential for the country’s economic diversification and sustainable development.
Minister Ekpo emphasized that the project’s alignment with President Bola Ahmed Tinubu’s strategic objectives and the Presidential Executive Orders of March 2024. These directives aim to transform Nigeria into a major gas hub, providing cleaner energy, creating jobs, and fostering economic growth.
The Decade of Gas Initiative has laid the groundwork for ambitious projects like Ubeta, focusing on leveraging Nigeria’s abundant gas resources to drive industrialization, reduce environmental impact, and offer affordable energy to millions of Nigerians. The Ubeta Field Development Project is a prime example of investments that bring technological advancements, foster local content, and generate sustainable economic benefits.
Minister Ekpo commended TotalEnergies for their continued partnership and investment in Nigeria, acknowledging their role in boosting gas production capabilities.
He said, “I want to take this opportunity to commend TotalEnergies for their continued partnership and investment in Nigeria. Your efforts not only boost our gas production capabilities but also contribute to our shared goals of energy security and economic prosperity. We value your commitment to employing innovative technologies and practices that ensure the efficiency and safety of your operations.”
He also highlighted the effectiveness of Nigeria’s policies in creating a conducive environment for investment in the gas sector, attributing the project’s fruition to supportive government policies and regulatory frameworks.
Looking ahead, Minister Ekpo urged for continued collaboration to harness Nigeria’s vast gas potential. He stressed that the success of the Ubeta Project would be measured not only by gas production volumes but also by its positive impact on the economy, communities, and environment.
In conclusion, Minister Ekpo congratulated all contributors to the project, praising their dedication and hard work. He called for ongoing cooperation to ensure the successful implementation and operation of the Ubeta Field Development Project, setting a benchmark for future projects in Nigeria’s gas sector.
The event concluded with a call for continued efforts to leverage Nigeria’s gas resources for the nation’s economic and environmental benefit.