Shell Petroleum Development Company says cheques worth N360m have been released to local contractors for the completion of social investment projects in Yenagoa, Bayelsa State.
The Media Relations Manager, SPDC, Mr Bamidele Odugbesan, stated on Tuesday that the cheques were presented to the community contractors at a ceremony organised by SPDC’s Cluster Development Board.
“The cheques worth N360m were for the completion of social investment projects designed to benefit the host communities,” he stated.
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SPDC External Relations Manager, Projects and Opportunities, Dr Banji Adekoya, said the company was committed to supporting projects that increase the capacity of its communities to deliver credible assignments.
“The gas development project in Imo State is one of the priority projects of the Federal Government of Nigeria. Its development will help the government deliver on its ambition to provide enough gas for domestic consumption, power generation and gas-based ammonia and urea fertilisers for farmers.
“The Assa North Gas Development Project will be a major game-changer in our country’s quest for energy sufficiency and economic growth. Once again, it emphasises Shell’s unshaken commitment to Nigeria now and in the future,” Adekoya said.
He further explained that the project had the potential to be one of the largest domestic gas projects in the country when completed.
“When completed, the Assa North Gas project will produce 600 million standard cubic feet of gas daily from its upstream facilities and process 300mscf/d from the SPDC gas facility under construction to boost domestic gas supply for power generation and general industrialisation,” he added.
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