RE: Bargain stocks27 Feb 2023 11:50
Shell and SEPL has done their part very professional. In last Q3 in november you can read on what´s causing the delay. Fingers crossed that´s solved by now.
ANOH Gas Processing Plant
Seplat Energy continues to make progress on the ANOH gas plant project, which has achieved six million hours without
lost-time injury. All equipment fabricated for the project has been delivered to the project site and over 90% installed on
foundations. Piping and cable interconnection is ongoing.
The government partner NGIC, is delivering the pipelines that will take the gas from ANOH to Oben, namely the 23km spur line and the Obiafu-Obrikom-Oben (OB3) pipeline. Drilling on the 1.85km OB3 River Niger crossing encountered some technical issues on a small section of the route. Following additional geotechnical surveys, the contractor identified the principal areas of the tunnelling path requiring grouting to improve the subsurface stability to support the tunnelling operations. NGIC expects the pipe installation operations to resume after the completion of grouting.
In addition, on the separate spur line project, the milling and coating of the outstanding line pipes, undertaken in China,
has been completed and shipped to arrive in Nigeria in November. The latest schedule provided by NGIC shows the
completion of both OB3 and the Spur Line in Q1 2023, which would allow the Company to achieve its timeline of delivering first gas in H1 2023.
The two gas wells planned for the year – ASSN-03 and 04 – which will provide feedstock for the ANOH gas plant, were
completed in the quarter by the upstream operator, SPDC, and the wells are shut in until the plant is ready for
commissioning next year. Drilling of the third ANOH well is expected to commence before year-end. A rig is currently on
the move to the well location. The three wells will provide sufficient gas to run the plant at full capacity.
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