Petroleum Africa
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Friday, May 30, 2014
Brass Fertilizer Co. Ltd. and a Danish consortium led by Haldor Topsøe A/S have signed an agreement to participate in the design and construction of a $3.5 billion urea, methanol, and gas processing plant on Brass Island in Nigeria’s Bayelsa State.
Taylor-DeJongh has been engaged as financial advisor for the project.
The plant is expected to come online in 2018. The proposed plant will produce 3,850 mtpa of urea, 5,000 mtpa of methanol, and 500 Mmscf/d of natural gas. Gas feedstock is to be provided through a direct supply from Shell’s OML 33 field.
The project management consulting for the plant will be performed by Engineers India Limited (EIL), with the shortlisted EPC and O&M contractor to be selected in early-June. Helm AG, a leading global chemicals marketer, has been confirmed as an offtaker.
The project will be the single largest private sector investment in the Niger Delta region of Nigeria, creating 15,000 jobs during the construction phase, with the potential to create over 5,000 permanent jobs upon completion.
Gas feedstock is to be provided through a direct supply from Shell’s OML 33 field.
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