February 24, 2024
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OIL & GAS

Wison New Energy Begins Pre-FEED Work for Two FLNG Projects in Nigeria

Wison New Energy, a Chinese contractor has begun pre-front-end engineering and design (pre-FEED) work for two major FLNG projects in Nigeria. This is part of the move by Nigerian government to grow its Liquefied Natural Gas (LNG) industry, as well as boost its gas export capabilities.

Nigerian companies Ace Gas and FLNG and Transoceanic Gas & Power, own the projects respectively. Each of the projects, has a prospect of capacity of 3 million tonnes per annum (mtpa).

Following the signing of agreements and mobilisation funding disbursement, Wison New Energies, formerly known as Wison Offshore & Marine, was awarded the contract.

This pre-FEED phase will involve detailed engineering studies and design validation to determine the technical feasibility and economic viability of the projects. It will also lay the groundwork for the subsequent stages of development, including final investment decisions and construction.

Nigeria country manager of Wison New Energies told Upstreamonline.com, Fan Jian expressed joy on reaching the Pre-FEED stage, and expressed confidence that the project will be delivered successfully.

On his part, Chris Nwokolo, group chief executive from Ace Gas and FLNG, commended the government for its unwavering support in making sure the project comes to life.

“This is a significant milestone for Wison New Energies and reinforces our commitment to providing cutting-edge solutions for the global energy sector,” Kunle Agboola, a Lagos-based energy expert said.

The project will no doubt boost the economy of Nigeria, through job creation, foreign investment attraction as well as government revenue growth.

This development comes in handy, as there is a growing interest in LNG as a cleaner and more sustainable alternative to traditional fossil fuels. Already, the former President had in 2021, named 2020 as Nigeria’s ‘decade of gas.’

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