SEPLAT Petroleum Development Company (SEPLAT) is set to initiate work on the construction of a $700 million natural gas plant at Assah, encouraging rural development and create jobs, according to The Nation.

Bryant Orjiako, Chairman of SEPLAT, said: “We decided to site the project here because we have our biggest gas asset here. We have one already in Sapele, Delta State, for the development and transformation of this country.”

The $700-million-project, which is one of the 7 Critical Gas Development Projects in Nigeria, aims at producing around 300 million standard cubic feet per day (mscf/d) and is expected to drive the next phase of growth for the gas business. 

The project, which is expected to provide 30% of gas supply in Nigeria, will be completed within Q4 of 2021.

In terms of sponsorship, it is a 50-50 split between SEPLAT and the Nigerian National Petroleum Corporation (NNPC).