10 February 2021
We congratulate our client, UTM Offshore Limited on securing a License to Establish (LTE) Nigeria’s first Floating Liquefied Natural Gas (FLNG) Production Plant.
Templars is Project Counsel advising UTM on the development and financing a 1.2 Million TPA floating liquefied natural gas facility and the LTE issued by petroleum sector regulator, the Department of Petroleum Resources (DPR). The plant would have a capacity to process 176 million standard cubic feet per day of natural gas and condensate with natural gas feedstock from Oil Mining Lease 104.
The Templars team advising UTM is led by Energy and Projects Partner, Dayo Okusami supported by Energy and Projects Partner Yemisi Awonuga with additional team members: Managing Counsel, Dupe Dabiri, Senior Associate, Bernard Ehigiamusor and Associates Damilola Oshodi and Clare Ohiro.
Dayo Okusami said ‘‘We are pleased to have been part of this significant milestone for our client, UTM Offshore. It has been hard work securing the first FLNG license to be issued in Nigeria and the hard work will continue until completion of the project which will contribute to the actualization of the zero flare policy of the Nigerian Government as well as increasing Nigeria’s LNG production capacity. TEMPLARS continues to be involved in the largest, most complex and first to market projects in Nigeria and we are honored that UTM have trusted us to advise them on this monumental endeavor. ’’