Project Profile
Value: US$30 billion
Location: Oporoma, Bayelsa State, Nigeria
Area: unknown
Capacity: 107,000bpd
Start-up Year: the first quarter of 2017
Federal Government has granted licence to Epic Refinery and Petrochemical Industries Ltd to build a 107,000bpd refinery in Oporoma, Bayelsa State. The project would cost about US$30 billion and the fund has been secured. The refinery, when completed, will have a capacity to refine 107, 000 barrels per day on a modular arrangement of 30-30-30-17 and would create at least 100,000 jobs when completed. The DPR visited the site in Oporoma and did its assessment and qualified for the issuance of the LTE since 2013. The company had to adjust the business plan from a full large capacity refinery to a modular refinery, because with a modular refinery, production is easier and cost of installation is also easier. The refinery is expected to be ready in 16 Months, during the first quarter of 2017.
Operators:
Epic Refinery and Petrochemical Industries Ltd: Operator with 100% interest