Offshore staff

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 underway in 2024.

UTM Offshore will take a 72% equity share in the project, with NNPC holding 20% and Delta State 8%.

12.20.2023