UTM Floating LNG- ESS. 491 followers. 9mo. With the recent FEED contract, UTM will move the FLNG project from the fundraising stage to the implementation phase and will continue working with NNPC Limited and ExxonMobil to expedite the development, exploitation, and monetization of stranded gas resources. The project's completion will ensure ...
THE NNPC Limited and UTM Offshore Limited, Thursday signed a Heads of Terms (HoT) agreement for the construction of the nation's first indigenous Floating LNG project. Describing the Floating ...
Rone said: "At UTM Offshore, we completely agree with Mr. President that given Nigeria's potential of about 600 trillion cubic feet of gas, the commodity has the enormous potential to diversify ...
UTM Offshore is leading the development of Nigeria's first FLNG in collaboration with LNG Investment Management Services, a unit of NNPC. The facility …
UTM Offshore, an indigenous oil company, will today sign a front-end engineering design (FEED) agreement for Nigeria's first floating liquefied natural gas (FLNG) facility.. A press statement issued by the company and seen by Nairametrics said the FEED agreement will be signed between UTM Offshore and Technip Energies, KBR, …
Nigerian company UTM Offshore has signed a front-end engineering design (FEED) contract for the development of an FLNG facility in Nigeria with JGC Corporation, Technip Energies, and KBR. This ...
ExxonMobil and NNPC as feed gas suppliers, UTM Offshore as the LNG producer and Vitol as the LNG buyer, will leverage the FLNG facility to exploit 2.2 Tcf of proven gas reserves within OML IO4 over a period of 20 years, a development that will maximize Nigeria's gas monetization for economic and gross domestic product growth.
With first production from the $1.8 million FLNG facility anticipated before 2027, UTM Offshore's FLNG project will unlock a new era of LNG industry growth in Nigeria and across the region as the …
November 16, 2022. UTM Offshore Limited, a Lagos-based energy conglomerate owned by Nigerian gas tycoon Julius Rone, has signed an agreement with KBR, JGC Corporation, and Technip Energies to design Nigeria's first floating liquefied natural gas (FLNG) facility. The deal was signed on Wed., Nov. 16, in London, the capital and largest city in ...
The Federal Government has applauded the UTM Offshore Limited and its technical partners on agreements for the commencement of Front End Engineering Design (FEED) for Nigeria's first Floating Liquefied Natural Gas (FLNG) facility. The agreements, which involved three technical partners namely: Kellogg Brown and Root (KBR), UK, …
The UTM FLNG project is expected to produce 176 million cubic feet of gas per day from the Yoho Field located in Oil Mining Lease 104, offshore Nigeria, NNPC said in a Twitter post. The agreement outlines the terms of the NNPC's 20% equity contribution to the FLNG project and is a major step towards strengthening the country's energy security.
Nigeria's marine and services group, UTM Offshore Limited, and African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $5 billion for the development of ...
Offshore Nigeria, Japan's JGC is carrying out front-end engineering and design studies on UTM Offshore's FLNG vessel, which is to be installed in OML 104.
MV UTM 8 Super Sonic Pax Boat: Security Patrol Service to PPMC System Network of Pipe Lines along the Lagos Inland Water Ways Nigeria (December, 2015 and 2017) MV UTM Hezekiah – (FSIV) : Provision of …
In July 2023, UTM Offshore Limited signed a Heads of Terms Agreement with the NNPC to develop Nigeria's first Floating Liquefied Natural Gas (FLNG) project. In partnership with the African Export-Import Bank, UTM Offshore Limited raised an initial sum of $2 billion for the first phase of the project, with a commitment of $3 billion for its ...
UTM Offshore Limited (UTM Offshore) has proposed to develop a floating liquefied natural gas (FLNG) vessel to export gas from the Yoho crude oil field in Oil Mining Lease 104, offshore Nigeria. As of December 2021, UTM Offshore is expecting to take FID in the fourth quarter of 2022, and to launch the facility in 2026.
UTM Offshore is looking to develop a second floating LNG production project offshore Nigeria, according to the company's managing director and chief executive, Julius Rone. The Nigerian firm has just …
UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil Following the lead of Cameroon and Mozambique, Nigeria is finally …
During the meeting, Tinubu endorsed the $5 billion project. While addressing the state house press after meeting with the president, UTM Offshore Group Managing Director, Julius Rone said President Tinubu is in support of the project which will produce 300,000 tons of liquefied petroleum gas (LPG) annually and create 7,000 direct jobs.
UTM Offshore Limited entered into the pre-FEED agreement with JGC and KBR in May 2021. At the signing ceremony, the Managing Director and Chief Executive …
UTM Offshore inks contract for Nigeria's first floating LNG project Isaac Anyaogu November 16, 2022 UTM Offshore has signed an agreement with United …
UTM Offshore Limited entered into the pre-FEED agreement with JGC and KBR in May 2021. At the signing ceremony, the Managing Director and Chief Executive Officer of UTM Offshore Limited, Mr. Julius Rone, underscored the fact that like most other nations of the world, Nigeria is keen on, and working assiduously towards achieving …
UTM Offshore Limited is pioneering the development of the FLNG facility in collaboration with LNG Investment Management Services (LIMS), a subsidiary of Nigerian National Petroleum Corporation...
Nigeria's marine and services group, UTM Offshore Limited, and African Export-Import Bank (Afreximbank), have signed a Memorandum of Understanding (MoU) to raise $5 billion for the development of Nigeria's first floating liquefied natural gas (FLNG) project. ... It is within the mandate of Afreximbank to support what UTM is doing in …
After the completion of the Pre-FEED, FEED and EPC phases are planned. This will be the first FLNG facility in Nigeria and is a milestone project. There are numerous undeveloped small-scale offshore oil and gas fields not only in Nigeria but also in other African countries, with various projects planned including FLNG plants.
Offshore staff. LONDON — UTM Floating Liquefied Natural Gas (LNG) has signed a FEED contract with JGC Corp., Technip Energies and KBR for the development of Nigeria's first FLNG facility.. The planned FLNG will have a capacity to process 176 MMscf/d of natural gas and condensate and will be located at the Yoho Field in offshore Block …
The planned 1.5 million tonnes per annum FLNG project is being driven by Lagos-based UTM Offshore and its ambitious group managing director Julius Rone. Nigeria's President vows to 'break ...
UTM Offshore has awarded JGC Corp. in partnership with Technip Energies, the FEED contract for a 1.2-million tpy FLNG plant at Yoho field in Block OML 204 offshore Nigeria.
By JEREMIAH UROWAYINO, Assistant Online Editor THE Group Managing Director, of UTM Offshore Limited, UTMOL, Mr. Julius Rone, OFR, fondly called 'The Gas King', has lived up to that title when ...
The Nation November 18, 2022. Nigeria's quest for energy transition received a huge boost on Wednesday when an indigenous firm, UTM Offshore Limited signed agreements with three technical ...