Leveraging Nigeria's Resources to Promote Sustainability: UTM Offshore …
In July 2023, UTM Offshore Limited signed a Heads of Terms Agreement with the NNPC to develop Nigeria's first Floating Liquefied Natural Gas (FLNG) project. In partnership with the African Export-Import Bank, UTM Offshore Limited raised an initial sum of $2 billion for the first phase of the project, with a commitment of $3 billion for its ...
Afreximbank signs deal with UTM Offshore for Nigerian FLNG
July 8, 2022, by Sanja Pekic. African bank Afreximbank has executed a head of terms with UTM Offshore to partially finance a floating liquefied natural gas (FLNG) project in Nigeria. Illustration courtesy of JGC Corporation. UTM Offshore is leading the development of Nigeria's first FLNG in collaboration with LNG Investment Management ...
UTM Offshore Signs Pre-FEED Contract for Nigeria's First …
Lagos, 11 May 2021: UTM Offshore Limited, a Nigerian marine services company, has signed this morning a pre-Front End Engineering Design (Pre-FEED) contract with JGC …
UTM Offshore inks contract for Nigeria's first floating LNG …
UTM Offshore is undertaking the development, design and construction of an FLNG facility with an LNG nameplate production capacity of 1.2 million metric ton per annum and a storage capacity of 200,000 cubic meters, as well as ancillary facilities to be located 60 km from the shore of Akwa Ibom State, Nigeria. Julius Rone, chairman/CEO …
JGC, Technip Energies to provide FEED for Nigeria's FLNG …
Engineering firm JGC, in partnership with Technip Energies, has received a contract from UTM FLNG to provide front-end engineering and design (FEED) for the proposed floating liquefied natural gas (FLNG) facility project in Nigeria.. UTM Offshore will handle the development, design, and construction of the FLNG project, which will have a …
Competition heats up as yards vie for Nigeria's first FLNG …
UTM Offshore is looking for an FLNG vessel able to produce 1.2 million tonnes per annum of LNG and process 176 million cubic feet per day of natural gas and condensate.
UTM OFFSHORE LIMITED – Official Website
UTM Offshore Limited is presently undertaking the construction of a floating liquefied natural gas facility situated in the deepwater Yoho field off the coast of Nigeria. This …
Shareholders Agreement Signed for Nigeria's First FLNG …
Privately held Nigerian company, UTM Offshore; global energy company, the Nigerian National Petroleum Corporation (NNPC) Ltd.; and the Delta State Government have signed a shareholders agreement for the development of the first Floating Liquefied Natural Gas (FLNG) project in Nigeria. Boasting the capacity to produce 1.8 billion tons …
IAE 2024: UTM Offshore to Showcase Nigeria's FLNG Potential
As a leading provider of oil and gas, marine and energy industry services, UTM Offshore is currently driving Nigeria's energy transition through the development …
Nigeria's UTM Offshore inks FLNG deal with NNPC, targets …
July 24, 2023. UTM Offshore's Julius Rone and NNPC's Mele Kyari (Image: NNPC) Nigeria's UTM Offshore and state-run Nigerian National Petroleum Corp (NNPC) have signed a heads of terms under which the latter will take a stake in UTM's planned floating LNG producer and supply feed gas to the unit. The deal for Nigeria's first FLNG project ...
African Energy Chamber Supports Nigeria's First Floating …
Notably, the UTM FLNG project is the first of its kind to be developed by an indigenous private company in Nigeria, reflecting the strategic importance of the project and its impact on national energy security. UTM Offshore will take a 72% equity share in the project, with NNPC and Delta State holding the remaining 20% and 8%, respectively.
What to know about Nigeria's first floating LNG
UTM Offshore Limited is pioneering the development of the FLNG facility in collaboration with LNG Investment Management Services, a subsidiary of the Nigeria National Petroleum Company Limited. The facility, a newly built vessel, will receive gas feedstock from an existing offshore facility, treat it to required LNG standard, liquefy the …
UTM Seeks NCDMB's Equity Investment, Approvals for Nigeria…
Giving a brief on the company, Rone stated that UTM is a 100 per cent indigenous company, and that the floating LNG project will optimise Nigeria's stranded gas offshore, enhance energy ...
About Us – UTM OFFSHORE LIMITED
Thus, UTM Offshore Limited has become a leader in its quest in aggregating innovative expertise to develop and deliver unique projects in the Oil and Gas Industry in Nigeria.
NNPCL, UTM to build Nigeria's first floating gas plant
UTM Offshore, a Nigerian marine and services group, had signed a memorandum of understanding with the African Export-Import Bank in December 2021 to raise $2bn for the development of Nigeria's ...
FLNG player to pick shipyard for Nigeria's first vessel — …
Lagos-based UTM Offshore is set to deploy the FLNG vessel on the Yoho field which is currently operated by ExxonMobil in partnership with state-owned NNPC, …
Delta, NNPCL, UTM offshore sign agreement to develop …
Julius Rone, Group Managing Director of UTM, on his part, remarked that the signing ceremony marks a significant milestone in actualizing Nigeria's first indigenous FLNG.
UTM Offshore, JGC, Technip Energies Sign Agreements on Nigeria…
The UTM and Afreximbank had signed a $5 billion MoU for the financing of the FLNG in December 2021 with Oramah saying, "The UTM FLNG is one of the projects Afreximbank is very proud of; just ...
Nigeria's UTM Offshore plans to take FLNG FID in Q4 …
UTM Offshore is looking to take a final investment decision on Nigeria's first floating LNG project in the fourth quarter of 2022, according to the company's managing director and chief executive, Julius Rone. Abuja-based UTM Offshore has just signed a deal with the African Export-Import Bank (Afreximbank) to secure up to $5 billion for the ...
Nigeria's UTM Offshore Delay FID on FLNG Project to Q2
UTM Offshore has again delayed a final investment decision on Nigeria's first floating LNG project to Q2 2024 according to LNG Prime citing chief executive, Julius Rone. FID was originally targeted by the end of 2023. The FLNG will process associated gas from the Yoho field and is expected online in...
UTM OFFSHORE – UTM OFFSHORE LIMITED
UTM Offshore Limited at the Nigeria International Energy Summit (NIES) 2024. 26th February - 1st March 2024 The 7th edition of the Nigeria International Energy Summit (NIES 2024) focuses on the theme "Navigating the New Energy World Order: Security, Transition, and Finance." NIES 2024 stands out as the most significant industry event yet.
UTM Offshore making strides towards Nigeria's first …
The agreement with Delta State follows the deal signed by NNPC and UTM Offshore earlier this year for the construction of Nigeria's first indigenous floating LNG project. Supported by $5 billion from the African Export-Import Bank (Afreximbank), the 1.5 million tonnes per annum (mtpa) project is seen as a "must-do" initiative for Nigeria.
Executive Management – UTM OFFSHORE LIMITED
A Director in UTM Ghana Limited; UTM-CTK Ghana Limited: A founding member and Executive Director of Lazarus Foundation USA, Canada, and Nigeria. He is married to Judith 'Kome Scott-Emuakpor, a Fellow of the Institute of Leadership and Governance, USA and they are blessed with amiable children. Babatunde AGBEDE: MBA, MBF | Group …
NNPC, UTM sign Nigeria FLNG accord | Offshore
JOHANNESBURG, South Africa — Nigerian National Petroleum Corp. (NNPC) has signed a heads of agreement with UTM Offshore Ltd. for the UTM Floating …
UTM, Afreximbank sign $5bn MoU for Nigeria's first floating LNG
Nigeria's marine and services group, UTM Offshore Limited, and African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $5 billion for the development of ...
UTM OFFSHORE LIMITED Company Profile
Find company research, competitor information, contact details & financial data for UTM OFFSHORE LIMITED of Abuja FCT, Federal Capital Territory. Get the latest business insights from Dun & Bradstreet. UTM OFFSHORE LIMITED. D&B Business Directory ... / NIGERIA / FEDERAL CAPITAL TERRITORY / ABUJA FCT / UTM OFFSHORE …
UTM Offshore to Set a Natural Gas Milestone with Nigeria's …
UTM Offshore will sign an agreement for the Front-End Engineering Design (FEED) for Nigeria's first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies on November 16 in London. ... We hope to see Nigeria and UTM Offshore's model replicated across Africa to unlock the …
NNPCL, UTM Offshore sign agreement to build Nigeria's …
"In a major step towards bolstering Nigeria's energy security and promoting the utilisation of its abundant gas resources, the NNPC Ltd and UTM Offshore Limited have today in Abuja signed a ...
UTM Offshore Signs Pre-FEED Contract for Nigeria's First …
Lagos, 11 May 2021: UTM Offshore Limited, a Nigerian marine services company, has signed this morning a pre-Front End Engineering Design (Pre-FEED) contract with JGC Corporation of Japan for the development of a floating liquefied natural gas (LNG) project offshore Nigeria. Another contract was also sighed with KBR, who is now the project's ...
FLNG player to pick shipyard for Nigeria's first vessel — …
Before this, NNPC Ltd had secured a 20% stake in the FLNG project through an agreement with UTM Offshore. UTM's FLNG ambitions underpin the ambition of Nigeria President Bola Tinubu to maximise ...
UTM Offshore inks contract for Nigeria's first floating LNG …
UTM Offshore has signed an agreement with United Kingdom's Kellogg Brown and Root, Japan Gas Corporation and Technip Energies for the front-end …
UTM Offshore signs FEED agreement for Nigeria's first …
UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria's first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2 million metric ton per annum …
UTM Offshore Limited at the Nigeria International Energy …
UTM Offshore Limited at the Nigeria International Energy Summit (NIES) 2024. 26th February – 1st March 2024. The 7th edition of the Nigeria International Energy Summit (NIES 2024) focuses on the theme "Navigating the New Energy World Order: Security, Transition, and Finance.". NIES 2024 stands out as the most significant …
Nigeria: UTM Offshore's FLNG Project Enters EPCIC Stage
March 27, 2024. Nigerian oil and gas company UTM Offshore Floating Liquefied Natural Gas (UTM FLNG) is advancing to the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) phase of its FLNG project. The project's progression was discussed during UTM's Managing Director and CEO, Julius Rone's visit to the ...
Nigeria's first FLNG project close to FID | Offshore
ABUJA, Nigeria — UTM Offshore, NNPC and the Delta State Government have signed an agreement concerning Nigeria's first floating LNG (FLNG) project. The planned vessel will have a capacity to handle 1.8 billion metric tons per year for both domestic supplies and exports. FID should follow shortly, with construction getting …
NNPC, UTM Offshore, Delta Sign Shareholders' Agreement …
The FLNG facility is expected to produce 1.81 to 2.72 metric tonnes per annum (mtpa) of gas. The project equity has NNPC, UTM Offshore and the Delta state holding 20 per cent, 72 per cent and 8 ...
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