Nigeria's First Indigenous Floating Liquefied Natural Gas (FLNG) Project

pre-final investment decision

UTM Offshore has signed a Gas Sales Agreement with Seplat Energy and the Nigerian National Petroleum Company (NNPC) for the development of Nigeria's first indigenous-led FLNG project. The project is situated in the deepwater Yoho field offshore Nigeria and is expected to produce 176 million cubic feet per day once operational. Engineering and pre-construction activities have been completed, and the project is advancing towards a final investment decision and a 2030 shipping target. The project has secured debt capital from Afreximbank and equity commitments from the NNPC and Delta State Government. Global technology firms JGC Holdings and Technip Energies are reviewing the EPCIC contract to support the project.