Chevron's Nigeria GTL Project to be Online This Year

The long awaited Escravos-Gas-To-Liquids (EGTL) project, operated by Chevron Nigeria Limited, will come on stream before the end of this year, according to The Guardian Nigeria.

The $9.5 billion project has 33,000-barrels per day gas-to-liquids project, designed to process 325 million cubic feet per day of natural gas from the Escravos gas plant expansion, the newspaper said.

The company iaid a new pipeline to transport natural gas from Abiteye to the processing facilities at Escravos in late 2012. Chevron is the operator and has a 75 percent interest in the plant.

Chevron’s net daily production in Nigeria averaged 238,000 barrels of crude oil, 165 million cubic feet of natural gas and 4,000 barrels of Liquefied Petroleum Gas in 2012.