Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five approved investors to capture and commercialise 180 million standard cubic feet of flared gas per day (mmscf/d) by 2026. The deals, part of the Nigerian Gas Flare Commercialisation Programme (NGFCP) and related frameworks, mark a major step in Nigeria’s drive to reduce gas flaring while boosting domestic energy supply.
The agreements cover the OML 17 block operated by Heirs Energies, with the captured gas set to support power generation, industrial applications, and conversion into Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG). The Lagos signing ceremony transitioned the project from regulatory approval to structured commercial execution, reflecting Nigeria’s commitment to energy development and responsible resource management.
Key partners in the initiative include AUT Gas, TwemsEnergies, Gas & Power Infrastructure Development Limited (GPID), PCCD, and Africa Gas & Transport Company Limited (AGTC). Speaking at the ceremony, Mr. Seyi Omotowa, Chief Upstream Investment Officer at NNPC, emphasized that flare gas monetisation is more than a compliance requirement—it is a strategic pathway for industrialisation, energy availability, and Nigeria’s leadership as a responsible energy producer.
Heirs Energies’ CEO, Osa Igiehon, highlighted the company’s focus on turning gas waste into value. “Through disciplined investment and partnerships with credible offtakers and regulators, we are strengthening domestic energy supply and supporting responsible operations across OML 17,” he said. The projects are expected to be completed by the third quarter of 2026, delivering both economic and environmental benefits.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) praised the initiative as a cornerstone of Nigeria’s decarbonisation strategy under the Petroleum Industry Act 2021. Beyond energy, the OML 17 Joint Venture has also invested in host-community projects, including healthcare, education, and skills development, ensuring the initiative delivers social value alongside commercial and environmental outcomes.
source: arise