Category: News Articles

Ssonic Petroleum Limited is pleased to announce that it has emerged as the successful bidder for Petroleum Prospecting Licence (PPL) 2A29 (Okoroma Field) in the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) 2025 Licensing Round. This achievement represents a significant milestone in the Company’s continued growth and strengthens its expanding presence across Nigeria’s energy value chain. Building on its existing upstream gas development activities, the award of PPL 2A29 further advances Ssonic Petroleum’s long-term strategy of developing high-quality energy assets that contribute to Nigeria’s energy security, economic development and responsible resource management. The NUPRC’s 2025 Licensing Round attracted strong participation from indigenous and international energy companies, reflecting continued investor confidence in Nigeria’s upstream oil and gas industry. Ssonic Petroleum is honoured to be among the successful companies selected through a transparent and competitive commercial bid process. Commenting on the announcement, Dr. Ifeoma Douglas, Managing Director/Chief Executive Officer of Ssonic Petroleum Limited, said: “Being selected as the successful bidder for PPL 2A29 is a defining moment in Ssonic Petroleum’s growth journey. We commend the Nigerian Upstream Petroleum Regulatory Commission for conducting a transparent, credible and competitive licensing process that continues to strengthen confidence in Nigeria’s petroleum sector. This award complements our broader strategy of building a fully integrated Nigerian energy company with interests across the upstream and midstream sectors. As we move into the next phase, our priority will be to develop the asset responsibly, safely and efficiently while creating lasting value for our shareholders, host communities and the nation.” The Company also acknowledges the leadership of the Federal Government of Nigeria and the Nigerian Upstream Petroleum Regulatory Commission for their continued commitment to implementing reforms that promote transparency, investment and sustainable growth within the Nigerian energy industry. Following the fulfilment of all regulatory conditions, including payment of the applicable signature bonus and the issuance of the Petroleum Prospecting Licence, Ssonic Petroleum will commence the technical, environmental and operational activities required to advance the exploration and appraisal of the asset in full compliance with the provisions of the Petroleum Industry Act (PIA), 2021. As an indigenous Nigerian energy company, Ssonic Petroleum remains committed to applying world-class technical expertise, innovative technologies and responsible operational practices to unlock the full potential of Nigeria’s natural resources. The Company will continue to prioritise environmental stewardship, operational excellence, local content development, job creation and meaningful engagement with host communities throughout the lifecycle of the project.   The award of PPL 2A29 reinforces Ssonic Petroleum’s vision of becoming a leading integrated energy company, delivering sustainable energy solutions that support Nigeria’s long-term energy ambitions and contribute to Africa’s industrial and economic transformation. Read the full story on BusinessDay Newspaper. About Ssonic Petroleum Limited SSonic Petroleum Limited is a Nigerian integrated energy company with interests across the downstream, midstream, and upstream segments of the oil and gas value chain. The company is committed to delivering innovative, sustainable, and world-class energy solutions while supporting Nigeria’s economic growth and the continent’s evolving energy future.

Ssonic Petroleum, a leading Nigerian energy firm, successfully concluded its participation as a key exhibitor at the 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026) held in Doha. The event served as a global stage for Ssonic to showcase its high-priority midstream project: a state-of-the-art 80 MMSCFD LNG liquefaction plant currently under construction in the Lekki Free Trade Zone, Lagos. The Ssonic exhibition booth became a focal point for international energy stakeholders, drawing a diverse audience of global utility providers, energy traders, and technology partners. The company’s presence signaled a significant milestone in its strategic evolution, transitioning from its established roots in the upstream sector to becoming a major infrastructure owner and LNG producer. “Our participation at LNG2026 in Doha is a testament to Ssonic’s commitment to bridging the gap between Nigeria’s vast gas reserves and the global energy market,” said Mrs Ifeoma Douglas, MD/CEO of Ssonic Petroleum. “As our facility in Lekki continues to take shape, the overwhelming interest from international partners here in Doha confirms that we are on the right path to becoming a vital link in theglobal energy supply chain.” A major highlight of the event was a visit to the Ssonic booth by a high-level delegation from the Nigerian Ministry of Petroleum Resources, led by the Honorable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo. The Minister’s engagement with the Ssonic team underscored the project’s strategic alignment with the Federal Government’s “Decade of Gas” initiative, which aims to maximize domestic gas utilization and expand Nigeria’s export footprint. Other dignitaries include – Engr. Saidu Aliyu Mohammed, Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Dr Philip Mshelbila – Secretary General of the Gas Exporting Countries Forum (GECF), Representatives from NLNG, Officials from NCDMB The Ssonic LNG facility is designed with a dual-impact strategy: Global Export (90%): Leveraging its coastal bordering location for direct export to high-demand markets in Europe and Asia. Domestic Energy Security (10%): Allocating critical capacity to fuel Nigerian power plants and industrial hubs. The project, which features a modular two-train system (40 MMSCFD each), is currently in the construction phase and remains on track for full commissioning in Q4 2027. With a 20-year secured feedstock agreement with NNPC Gas Marketing Limited (NGML), Ssonic is positioned for long-term operational stability and growth. About Ssonic Petroleum Ssonic Petroleum is an indigenous Nigerian energy company dedicated to developing critical infrastructure for a sustainable future. By focusing on midstream gas solutions and leveraging strategic locations like the Lekki Free Trade Zone, Ssonic is driving the energy transition and fostering economic growth both locally and internationally.

NGML, a subsidiary of NNPC Limited in partnership with NIPCO Gas Limited has signed a 20-year Gas Sale and Purchase Agreement with Ssonic Petroleum. This agreement, signed on March 6, 2025, entails the supply of 80 MMSCFD of natural gas to Ssonic Petroleum’s proposed Liquefied Natural Gas (LNG) plant in the Lekki Free Zone Development Company, Lagos State. This partnership marks a significant step forward in our commitment to fostering industrial growth, economic development, and promoting the utilization of cleaner, environmentally friendly fuel sources in Nigeria. The NGML-NIPCO Joint Venture is already supplying natural gas to the Lekki Free Zone Power Plant, with expedited plans to extend gas supplies to additional customers. The provision of natural gas, being the most economical and environmentally friendly fuel, will significantly accelerate the development of the free zone.

The NNPC Gas Marketing Ltd, a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.    Under the terms of the agreement which was executed on Thursday, 6th March, 2025, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.      The gas supply agreement is part of efforts by the NNPC Ltd to boost domestic gas utilisation for industrial and economic growth of the nation and promote the use of gas as a cleaner, cheaper and more environmentally friendly fuel in keeping with the goal of reducing global warming.    Source: nnpcgroup.com

NNPC Gas Marketing Limited (NGML), a subsidiary of NNPC Limited, and NIPCO Gas Ltd have signed a gas sale and purchase agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to its planned liquefied natural gas (LNG) plant in Lagos. In a statement on Friday, Olufemi Soneye, NNPC chief corporate communications officer, said the agreement was finalised on March 6. He said that as part of the agreement, the NGML-NIPCO unincorporated joint venture (UJV) will deliver 80 million standard cubic feet (mmscf) of natural gas per day to the Ssonic Petroleum LNG plant over a 20-year period. “The NNPC Gas Marketing Ltd, a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State,” the statement reads. “Under the terms of the agreement which was executed on Thursday, 6th March, 2025, the NGML-NIPCO UJV will supply 80 million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.” Soneye said the agreement aligns with NNPC’s efforts to enhance domestic gas utilisation for the country’s industrial and economic development while promoting gas as a cleaner, more affordable, and environmentally friendly energy source in support of global warming reduction goals.   Source: www.thecable.ng