| Key Facts |
Employees: 61
Total Average Daily Production in 2006: 51 MBOED
Crude Processing Capacity: --
Major Office Locations: Lagos |
Exploration and Production ConocoPhillips’ involvement in oil production in Nigeria began in 1965, when its subsidiary company, Phillips Oil Company (Nigeria) Limited, became partners with Nigerian Agip Oil Company. Today, ConocoPhillips has an interest in four onshore oil mining leases (OMLs) and has exploration rights on three deepwater Nigeria oil prospecting licenses (OPLs) and one OML.
OMLs 60, 61, 62 and 63 are valid through 2027, and three-dimensional seismic data coverage is available over approximately 90 percent of the four license areas. Twelve flow stations, the Obiafu-Obrikom NGL plant and the Brass River tanker loading terminal all support production. With the availability of new markets, an increase is expected in sales of gas and associated liquids.
Bonny Island N-LNG
ConocoPhillips supplies more than 120 MMCFD of feedstock natural gas to a Nigerian LNG plant on Bonny Island. The plant, in which ConocoPhillips does not hold an interest, began operating in 1999. Projects are under way to increase the amount of gas the company supplies to the plant, with net volumes anticipated to grow to 150 MMCFD by the time Train 6 is online in 2009.
Kwale-Okpai Independent Power Plant
The company also has an interest in the Kwale-Okpai Independent Power Plant, a 480-megawatt gas-fired combined cycle power plant that came online in March 2005 and supplies electricity to PHCN, Nigeria’s national electricity supplier. The plant consumes 68 MMCFD of natural gas, 14 MMCFD from ConocoPhillips’ supplies.
Brass LNG
In 2003, ConocoPhillips, the Nigerian National Petroleum Corporation (NNPC) and two other co-venturers signed a Heads of Agreement to progress the development of the Brass LNG facility in central Niger Delta. ConocoPhillips is a 17 percent shareholder, along with co-venturers NNPC, ENI and Total. The agreement covers front-end engineering and design (FEED) studies for the facility, which could include two trains, each nominally sized at 5 million metric tons per year. In 2006, a new Shareholder Agreement governing the Brass LNG parties was executed to replace the original HOA; technical LNG FEED results were issued for the proposed two-train facility; and Memorandum of Understanding agreements for the purchase of LNG were signed between Brass and six potential LNG buyers. ConocoPhillips is one of the selected LNG buyers and also anticipates supplying 147 MMCFD of feedstock gas to the facility. Startup is anticipated to occur during the 2009-2011 time frame.
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Brass LNG
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