Oando Plans $350 Million Gas Processing Plant

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Nigeria’s Oando plans to build a gas plant for up to $350 million as it focuses on integrating gas production with its supply business, the head of the gas and power unit said on Nov. 26.

Bolaji Osunsanya, managing director of Oando Gas and Power, said the plant, with a capacity to process 300 million standard cubic feet a day (MMscf/d), will take 24 months to complete and cost $300- to $350 million.

Also Read: Oando Set To Increase Gas Production

He said Nigeria had room to ramp up gas plants as current capacity was around 2 Bscf/d, adding that its

Project was at the development stage to be launched in the first quarter.

London-listed Nigerian firm Seplat is also boosting gas capacity. It plans to increase gross output from around 120-400 MMscf/d by 2017, as demand grows.

Also Read: Oando shops for capital to escape liquidation

“We have done transport in the past, we are getting into [gas] processing right now,” Osunsanya told Reuters in an interview. “We are working ourselves up the chain.”

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