JULIUS RONE – THIS IS AN EARTHSHAKING MOVE

JULIUS RONE – THIS IS AN EARTHSHAKING MOVE

So my brother Raymond Abia had first given me initial contact with this incredible Nigerian. I had heard he was on to something major, but I was only interested in Ibiom, my play in Uyo. Then my Chairman Ken Etete set up a call, and we had a three-way conversation, and it was convivial and deep.

Then the news hit like a tsunami, his firm, UTM Offshore, had just been licensed to operate the first floating LNG Production Plant. The firm is expected to build a plant to process about 176m cubic feet of gas and condensate per day. This is a remarkable feat, and strong kudos must be given to the Department of Petroleum Resources for the confidence it has reposed in an indigenous firm to operate at this level.

That this would enrich the space cannot be over-emphasized. Well done, DPR and all other stakeholders that allowed this breakthrough to occur. A real silver lining in the nation at this time. Well done, bro.

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