The $550 million Ubeta upstream gas project, a joint venture between the Nigerian National Petroleum Company Limited (NNPC Ltd.)
The $550 million Ubeta upstream gas project, a joint venture between the Nigerian National Petroleum Company Limited and TotalEnergies, has officially commenced operations.
The Ubeta field, discovered in 1964 and located northwest of Port Harcourt, Rivers State, is expected to deliver 350 million standard cubic feet of gas per day when fully operational. Verheijen highlighted that the gas project aligns with the energy reforms introduced by President Bola Tinubu in June 2023.
Verheijen also revealed that President Tinubu had issued five new executive orders to offer fiscal incentives and streamline the development of gas infrastructure projects.
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