There are strong indications that Oilserv Limited, one of the companies handling the of $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline is almost ready for tomorrow’s flag off and ground breaking ceremony of the project.
Financial Energy Review gathered today at Ajaokuta that about 95 percent of the works and preparations at the site of the event/ceremony are ready. It is said that every thing needed for the event tomorrow is in place and that the company is looking forward for a successful ground breaking ceremony tomorrow.
Meanwhile, President Muhammadu Buhari is expected to be a special guest of honor at the event. The project which is a consortium of indigenous and international engineering firms to deliver the 614-kilometer gas pipeline conceived to provide the highly desired stimulus to domestic industrial growth.
“This project will also, signal the finest hour so far for the Nigerian Content Policy goals. The president, by the flag off of this project at Ajaokuta, Kogi State, would be turning to reality some of the nation’s long term economic aspirations of boosting domestic energy infrastructure, b) deepening the local gas market, creating industrial corridors with cleaner fuel, and commercializing the country’s abundant gas resources.
“The project, according to the Nigerian National Petroleum Corporation (NNPC), will significantly curb gas flaring in the Niger Delta and guarantee better air quality in the oil producing region.” Oilserv said in a statement.
“Furthermore, the pipeline, which was conceived to connect demand from the northern part of the country with supply from the south, would be the biggest infrastructure development in the country’s recent history. It will also mark a significant shift in the nation’s energy policy; from revenue, targeted export programmes to development focused domestic supply programmes.
“Significantly, the $2.8 billion project will break through on the 30th of June after seven years of rigorous processes that morphed from policy conception through implementation strategy designs, master-plans and solid implementation programmes.
“Perhaps the biggest value to the economy is the participation of indigenous engineering firms led by pipeline giant, Oilserv Limited, in the delivery of some of the phases of the project.
“The company has successfully delivered over 17 similar challenging projects in the country including the engineering, procurement and construction (EPC) of the 67-kilometre Obiafu/Obrikom to Oben (OB3) 48-inch diameter Gas Transmission Pipeline System.
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