In the early part of 2017, Platform Petroleum and her JV Partner, Newcross Petroleum were pleased to execute a Gas Sales and Purchase Agreement with Powergas Global Investment Limited for the offtake of lean gas from the Egbaoma Field.
Powergas is a Compressed Natural Gas (CNG) producer & distributor providing CNG to clients in locations far from the gas source, and intends to deploy the CNG technology as well as a mini-LNG plant to utilise 12 million scf/d from the Egbaoma field. We are hopeful that Powergas which currently operates four CNG plants across Nigeria would bring this experience to bear in early achievement of First Gas offtake from the Egbaoma Field.
Company Secretary of Platform, Barr Henry Omu (left); MD of Platform, Engr Osa Owieadolor, FNSE (second left); CFO of Newcross Mr Seyi Oladapo, representing the MD (second right); and MD of Powergas Nigeria, Mr Pulak Sen (right); shortly after the execution of the GSPA at Platform Head Office in Lagos.
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