Nigeria: Sirius contracts Penspen for gas study

Nigeria’s Sirius Group has given Penspen a contract to conduct an engineering study for the monetisation of gas reserves from offshore oilfields in the Niger Delta. A key element of this agreement is the development of gas reserves in OML 122.The study is being conducted as part of Project Dawn, a three-year development project worth $1.2bn that includes the construction of a pipeline network to deliver natural gas to the existing Escravos-Lagos Pipeline System. Project Dawn is expected to supply 250mcf/d of natural gas under a gas sales and purchase agreement between Sirius Oilfield Support Services and Nigerian Gas Company, a subsidiary of Nigerian National Petroleum Corporation.