The NNPC has recently identified fresh 48billion dollars worth of oil & gas investment opportunities within the country, the Oil and Gas Free Trade zone also has the same mandate to attract investments into the country for oil & gas and associated services.
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Nigerian Oil & Gas Free Trade Zones
1. Invest in the Nigerian
Oil & Gas Free Trade
zones
Oyindeinbofa Nicholas
For: Wewinghipere Global Trading Limited
2. Investment
Potential of the
Nigerian Oil &
Gas Free Trade
Zones
v The NNPC has recently identified fresh
48billion dollars worth of oil & gas
investment opportunities within the
country, the Oil and Gas Free Trade
zone also has the same mandate to
attract investments into the country for
oil & gas and associated services.
v Nigeria has been Identified as an
investment springboard into the African
continent and working with Oil & Gas
free trade zones provides opportunity
at all levels.
3. Why Nigeria?
Reasons why you should Consider Nigeria
Large Market for your
Products
High Population
Growth A Work Force that is
Skilled & Trained
Young Population
Capital is Easy to Access
Banks Largest Economy in West
Africa - Driven by Oil &
Gas
Large Economy
4. Why Free Trade Zone
Ø Direct access to sea and same-day
turnaround of supply vessels operation.
Ø Single-point responsibility and vessel
operations, cargo handling, warehousing,
personnel, agency etc.
Ø Production in handling operations, no
double handling.
Ø Increased efficiency in exploration and
production activities with better project
co-ordination and management.
Ø Ability to share both facilities and services.
Ø Round-the-clock operation (365 days, 7
days a week).
Ø Ability to hold duty Free stock in a strategic
location central to West Africa sub-Saharan
region, enabling streamlined procurement
logistics with reduced inventory
requirement.
Ø 75% duty rebate.
Ø Computerized Free Zones Inventory
Management System.
Ø Tax Incentives
5. Onne Oil & Gas Free Zone
Ø Located in Rivers State, onne has over 200 companies licensed to operate in the
Zone, including reputable international Energy companies representing 45
nationalities.
Ø These companies have brought investment portfolio of about $20 billion, it has
increased investment inflow into Nigeria and created over 100,000 direct and
indirect jobs. There has also been transfer of skills to Nigerians through
manpower training.
Ø The Zone enjoys an unrivalled strategic position in West Africa and is the ideal
location from which to establish a distribution hub to service Oil and Gas projects
in Nigeria (onshore and offshore) and throughout Sub-Saharan Africa.
6. Key Features of Onne Oil & Gas Free Zone
Federal Ocean Terminal (FOT)
Jetty Berth 1-8: m 2,175
Jetty 9 – 10 – 1: m 750
Drafts: m 10 – 12
Channel Drafts: m 11 – 12
Industrial Area: sqm 551,286
Quay Apron: sqm 99,220
Warehouses: sqm 68,009
Offices: sqm 14,919
Boundary are (incl.WAS): sqm 1,980,000
FOT – NEW DEVELOPMENT
Under development: sqm 230,000
Under reclamation: sqm 600,000
Future development: sqm 867,000
Boundary Area: 22,970,000
7. Onne Oil & Gas Free Zone
Federal Lighter Terminal (FLT)
Jetty FLT 2 – 3 – 4: m 1,677
Jetty FLT-1 (BRAWAL) – 7m draft: m 353
Draft: m 7 – 8 – 10
Channel Drafts: m 8 – 11
Industrial Area: sqm 2,290,894
Quay Apron: sqm 61,305
Warehouses: sqm 93,680
Office: sqm 22,745
Boundary Area (Incl. Camp/Main Gate): sqm 3,580,000
Boundary Area (Excl. Camp/Main Gate): sqm 3,000,000
8. Warri Oil & Gas Free Zone
Ø In the 1980s Warri Port was built with one stop shop oil service Centre
covering the Western Delta area to attract companies with cost-
effective benefits. The Warri Port Complex was declared a Free Zone in
May 2011 and is currently undergoing expansion and enhancement of
its capacity. Today, Warri Port is already fully active and provides
complete, reliable and efficient services, at all times meeting the
demanding standards of its customers.
9. Key Features of Warri Oil & Gas Free Zone
Warri New Port
Jetty: m 1,533
Draft: m 7
Channel Draft: m 8
Industrial Area: sqm 290,964
Quay Apron (width 30m average):sqm 45,990
Warehouses: sqm 16,458
Offices: sqm 4,616
INTELS Offices & Workshop: sqm 25,958
Total Area: 1,020,000
New developed: sqm 50,000
Virgin land – future development:sqm 250,000
Warri Old Port
Jetty: m 732
Draft: m 6
Channel Draft: m 8
Industrial Area: sqm 342,302
Quay Apron (width 39m average):
sqm 19,561
Warehouses: sqm 4,570
Offices: sqm 701
10. Key Features of Warri Oil & Gas Free Zone
Total Area: sqm 530,000
New Area: Future Development
OIL & GAS FREE ZONE, EKO SUPPORT LAGOS
Oil & Gas Free Zone Eko Support was approved on the 17 April 2014. The
Free Zone was projected to provide direct and indirect jobs to at least 1,000
Nigerians within the first three years and to invest more than $124 million in
infrastructure, equipment and other projects.
11. Brass Oil & Gas City
Ø Brass Oil and Gas City is proposed to position Nigeria as a leading hub for
downstream oil & gas manufacturing and industrial activities in Africa. It is located
in Brass Island, Brass in Bayelsa State and designed to evolve into one of the largest
petrochemical, fertilizer, refinery and hydrocarbon processing hubs in the world.
Ø The project will facilitate the development of a world class export-oriented oil and
gas processing city in Nigeria. So far $3.5b investments have been committed to
projects in the BOG. There is a working relationship between the Authority and
Bayelsa State Government for the success of the free zone.
12. This Investment opportunity is a Gold-mine.
THANK YOU.
For Inquiries contact me: odein4@wewingglobal.com | website: odein-nicholas.wewingglobal.com | https://www.wewingglobal.com