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PROJECTS

PROJECTS (4)

Sunday, 17 March 2019 16:08

PROJECT BERYLLIUM NIGERIA

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PROJECT BERYLLIUM NIGERIA

 

Synterra have acquired beryllium exploration licenses in Gwantu, Kaduna State which give us exclusive exploration rights for beryllium, acquamarine and emaralds.

 

It is the intention of Synterra  to  Identify a suitable off-taker in the PRC for its beryllium production in Nigeria. Synterra also seek to explore the feasibility  of entering into  a contractual relationship with a suitable smelter (and/or) Refiner. This would take the form  of  a term contract for the off-take or smelting of produced beryllium. We are also prepared to contemplate   joint venture  or special purpose vehicle structures where such relationships might be efficient in adding value to mining projects.

Sunday, 17 March 2019 16:05

REFINED PRODUCT TRADING

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PRODUCT TRADING

 

Synterra Energy have been trading in both Crude Oil and Refined products for over 15 years. We import petroleum products and deliver offshore to IOC's operating Drilling Rigs. Importing is can be very profitable but requires vast experience. Synterra have such experience.

 

We are Principal Product Market Traders that operate in the International marketplace as buyers, sellers and distributors of Refined Petroleum Products and Crude Oil. Soltaire Energy are also firmly engaged in the Nigerian offshore as Marine Suppliers as well as being an Oil Services company. Our strategy is to add value along the distribution chain and Supply Network to boost indigenous capacity. We are committed to all the ideals of Corporate, Social and Environmental responsibility and the sustainable development of the Nigerian Oil and Gas Industry

 

There are a number of opportunities for physical trading of refined products which involves importing  gasoil, gasoline, Jet A1 , Bitumen and Base Oils

Many require leasing local storage or entering into a Collaboration Agreement with local tank farm owners.

Importing petroleum products into Nigeria is a risk management exercise which   involves exposure to  foreign exchange risk,  currency default risk,  open market risk, counterparty credit risk and operational risk

Nigerian banks cannot fund petroleum import transaction with credit facilities as all facilities must be collateralized . Interest rates on loans in Naira are prohibitive.  This makes any trade transaction using locally obtained credit  unprofitable.

Trading desk requires access to US Dollars on flexible and competitive terms.

Needs to have an active Naira hedging strategy and margin targets.

Sunday, 17 March 2019 16:03

UPSTREAM OIL AND GAS PROJECTS

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UPSTREAM ASSETS AND ACREAGE

 Synterra have sourced and provided a number of funding proposal for the NNPC exploration and funding subsidiary NPDC. We have successfully raised finance for NPDC assets.

 

 We have sourced funds and arranged finance for assets held by NPDC. The funding arrangements have been for investments into acreage owned by the national oil company and where we have have had to attract investment. Similarly we have raised investment for local indigenous Upstream Operators. We have worked on  numerous Oil Mining Leases (OML) including OML119, OML111, OML65 and OML51. We have also sourced funding for investment in Oil Prospecting Licenses (OPL). We work closly with both the Department of Petroleum Resources, the Ministry and the NNPC where we have developed excellent relationships.

Sunday, 17 March 2019 16:02

NIGERIAN GAS FLARE COMMERCIALISATION PROGRAM

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NIGERIAN GAS FLARE COMMERCIALISATION PROGRAMME

 

Synterra have applied for the Nigerian Gas Flare Commercialisation Programme, an initiative conceived to deliver the zero gas flaring objective of the Nigerian Government.

 

This initiative provides an excellent opportunity for Nigeria to meet its commitment to end gas flaring. In recent years, Nigeria, which was the second largest gas flaring nation in the world, is now ranked the seventh. This is due to increased domestic gas consumption, particularly gas to power projects.

 

 New technologies now exist for gas processing to CNG, mini-LNG, mini-GTL and power generation for the monetisation of gas. Consequently, the Nigerian government has launched a “Nigerian Gas Flare Commercialisation Programme” (NGFCP), through the Nigerian National Petroleum Corporation (NNPC). The aim of the programme is to provide a commercial approach for the elimination of routine gas flares by 2020. The strategy is to achieve social, environmental and economic impacts in the Niger Delta region by mobilising private sector capital towards ‘gas flare capture’ projects.

 

 The programme has already identified about 140 flare points that together flare above 1 Bscf/d. If those flared gas are captured; they could provide about 500,000 MT of Liquefied petroleum gas (LPG). Of these 140 flare points, 65% are onshore. 20 of the 91 onshore flare sites are large enough to sustain a 50MW gas turbine. It is expected that about $3.5bn would be invested in the NGFCP, which could remove about 20 million tons of CO2 emissions per year, generate 2.5GW of electricity, provide 600,000 MT of LPG per year, and create more than 300, 000 jobs. The programme would likely reduce the incidence of vandalism of oil and gas facilities in the Niger Delta, by improving the quality of life and by extension standards of living.

 

We are waiting for the program Directors to perfect a commercial modal that will provide essential claritty in evaluating the project yields and creating a financial model.

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