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Details - Information last confirmed on September 10, 2020

A Functioning Gas (Lpg) Processing Company (Flow Station) For Sale In Niger Delta

( Floating Cawthorne. Channel)

The above subject matter refers.

1.​The Floating Cawthorne Chanel processing Plant was built in 2003 at the cost of N28 Billion Naira.

( a)​The original owners also built an FSPO Pipeline connected to a flow station formerly owned by Shell but now owned by Eroton (source of Associated Gas processed by the Gas Plant) at a cost of over $150m.

2.​The Gas Plant has a maximum processing/flow rate capacity of 110mm SCF/D (one hundred and ten million standard cubic feet of Gas per day) and a minimum processing/flow rate capacity of 65mm SCF/D (See page 4 ANNEXURE A – START UP AND OPERATIONAL MANUAL, 2003).

3.​Upon commencement of operations of the Gas Plant, the Gas Plant obtained Associated Gas from the flow station formerly owned by Shell Petroleum Development Company Limited but now owned by Eroton through the FSPO Pipeline.

4.​After processing (fractionating), the Gas Plant produces C1, C2, C3, C4, and C5+ (condescesate)

(a)​C3 and C4 is sold to VITOL GAS SUPPLY EUROPE as LPG.

(b)​C5+ is used to run turbine compressors and the excess is flared (but could be used for production of Premium Motors Spirit)

*(c)​C1 and C2 are liquefied and sold to VITOL GAS SUPPLY EUROPE as LNG.*

*THE ESTIMATED VALUE: #28bn*

*Current selling PRICE: #20Billion Naira ( $57Million Dollars) ASKING.*

LOCATION : NIGER DELTA

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