Jonathan inaugurates N90bn gas processing facility

Seven Energy International Limited, an indigenous incorporated oil and gas improvement, creation and appropriation organization, has said the initiation of its N90bn Uquo Gas Processing Facility in Esit Ekit, Akwa Ibom State, on Thursday by President Goodluck Jonathan, would bring a significant support to the nation's journey for stable power supply.

The gas preparing office is claimed by Seven Energy's wholly possessed subsidiary, Accugas Limited.

The President lauded Seven Energy and its Joint Venture accomplice, Frontier Oil Limited, for the venture and the effect it would have on Nigeria's goal for maintainable power supply.

"We are content with what we have seen today. Seven Energy and Frontier Oil merit acclamation for joining together their individual abilities to convey this undertaking, which will have multiplier impact on the economy, for example, expanding national force yield, vocation opportunities for the host groups and Nigerians, and extra income for both the Federal Government and Akwa Ibom State," Jonathan said.

The Chief Executive Officer, Seven Energy, Mr. Philip Ihenacho, said the Uquo gas venture was an impression of the organization's exceptional concentrate on the rising Nigerian household gas business, including that the nation had gigantic gas potential, which stayed undiscovered for force era and mechanical utilization.

Ihenacho said, "Seven Energy, through its wholly possessed subsidiary, Accugas, has created a midstream gas transforming and transportation foundation, and with our accomplice in the Uquo Field, we have joined our skill to make this extend a reality to open the enormous open doors we see in the Nigerian gas market.

"We are joyful to see our venture come full circle in the initiation of this office, which will backing government's exertion to enhance power supply, make openings for work for Nigerians and effect different segments of the economy."

Concerning the effect of the undertaking on force era, he said, "First business gas conveyances started in ahead of schedule 2014 to the 190mw Ibom Power Station.