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Thursday, January 26, 2017
NNPC and ENI’s subsidiaries in Nigeria, Nigerian Agip Oil Co. (NAOC) and Nigerian Agip Exploration (NAE), signed a MoU aimed at promoting new activities that can significantly boost Nigeria’s social and economic development.
The MoU covers activities in the upstream, refining, and power generation sectors, as well as the national grid and renewable energy projects.
Regarding the upstream sector, oil and gas production operations will intensify with an increased focus on development and exploration activities in the onshore, offshore, and ultra-deepwater operated areas. In the refining sector, NNPC and ENI have agreed to cooperate in the rehabilitation and enhancement of Nigeria’s Port Harcourt refinery.
As for power generation, access to energy will be further enhanced by doubling the power generation capacity in Okpai IPP through the fast track development of its Phase II, making it one of the largest combined cycle power plants in Africa.
Finally, the MoU sets the basis for the assessment of the electrical national grid reliability and of most efficient renewable energy projects, to secure energy accessibility in Nigeria’s most remote areas.
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