Uchenna Izundu
International Editor
LONDON, Nov. 8 -- Centrica PLC, StatoilHydro ASA, and Consolidated Contractors Co. (CCC) have signed a memorandum of understanding Nov. 7 agreeing to spend $10 million to investigate building liquefaction plants in Nigeria.
Over the next 18 months, the partners will examine possible LNG plant locations, including feed gas potential, the existence of local support facilities, and end markets.
The MOU allows the group to extend the period if they wish. StatoilHydro and Centrica each will take a 37.5% interest in the consortium, with CCC holding 25%.
Centrica will drill exploratory wells in its offshore-onshore Block 276 in 2008. It has two exploration licenses in Nigeria, and it is looking for new sources of gas for its British Gas, European, and North American customers.
StatoilHydro operates two deepwater licenses off Nigeria—OML 128 and 129, where the Nnwa gas discovery lies. It also is partner in five other deepwater licenses, including Agbami oil field.
Contact Uchenna Izundu at [email protected].