Modular Refinery in the Works for Eastern Niger Delta

Wednesday, June 20, 2018

A contract to move the construction of a modular refinery was awarded by Waltersmith Petrolman Oil, a subsidiary of Waltersmith Refining & Petrochemicals. The contract went to JV company, Velem, made up of Lambert Electronics out of Lagos and VFuels LLC out of Houston.

The contract is to build a 5,000 bpd modular refinery and Velem will provide the engineering, procurement, construction, and modular refinery fabrication for the processing site that, once completed, will refine Nigerian crude from Ibigwe onshore field in eastern Niger Delta.

The project is scheduled to be completed within 18 months.

The contract follows the Nigerian Department of Petroleum Resources’ (DPR) granting of requisite licenses for the project to Waltersmith, which previously finalized equity and debt financing through local and multinational financiers.

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