Mobil set to boost Nigerian Electricity supply
….Signs agreement on QIPP
ABUJA: Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC) / MPN Joint Venture, has signed a Seller’s Representative Agreement (SRA) for the Qua Iboe Power Project(QIPP), located at MPN’s Qua Iboe terminal in the state of Akwa Ibom.
“This project is a tangible demonstration of MPN’s commitment to Nigeria and supports the President’s priority of providing electricity to the country,” said Mark Ward, managing director, Mobil Producing Nigeria.
The signing of the SRA is a critical part of the overall commercial framework that enables MPN to undertake power activities and facilitates the sale of power by MPN to Nigerian Bulk Electricity Trading Plc for itself and on behalf of Nigerian National Petroleum Corporation.
Front End Engineering Design and Environmental Impact Assessments for the project have been concluded, while commercial tenders for Engineering, Procurement and Construction are near completion.
Exxon Mobil Corporation is the largest publicly traded international oil and gas company, and uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil is one of the largest oil producers in Nigeria through the operations of 2 upstream affiliate companies – Esso Exploration and Production Nigeria Limited and Mobil Producing Nigeria Unlimited. The two companies have notable history, proven experience and a strong record of contributions to Nigeria’s development.