MY GOOD FRIEND CHIEF DOUGLAS IS AN OPERATOR IN THE GAS BUSINESS WHEN WE HAD A MEETING LAST IN THE HOTEL HE TOLD ME ABOUT, SAYS THAT CONSTRUCTING AN GAS PLANT WILL REQUIRE BETWEEN 30 MLLION TO 100 MILLION DEPENDING ON THE CAPACITY OF THE PLANT . ACCONDING TO HIM ,HE SAID THE COST WILL INCLUDED ACQUIRING TANKS AND OTHER ANCILLARY FACILITIES AT THE DEPORT ASLO SAY THAT A MINI PLANT THAT WILL HAVE 20 TONNES’ STORAGE CAPACITY AND ABOUT 8 PUMP WILL COST 40 MILLION EXCLUDING THE LAND .

SO WE WILL HAVE TO BUY PUMP,TANK ,TRUCKS AND OTHER MATERIAL SO WE WILL NEED UP TO 40 MILLION FOR CIVIL AND MECHANICAL WORKS .FOR A STANDARD PLANT WITH 40 TONNES STORAGE AND OTHER FACILITIES, WELL ALL MEAN IF WE DONT HAVE UP TO 40 MILLIONS COS OIL & GAS COMPANY WILL NOT ALLOWE RUBISH THAT PEOPLE DO IN THE PAST.THUS THE COMPANY ASKING INVESTORS WITH PLANTS BUILD YEAR BACK AND THAT ARE BELOW STANDARD TO UPGRADE.

SO HE ALSO TALK ABOUT IF WE CAN ALSO WISH OR DO IT TO UP TO THE STANDARD ,WE WILL NEED TO HAVE ABOUT 45 MILLION AND HE HIS TALKING OF FAIRLY USE TANKS, WITH PRESURE TESTED HE ALSO SAID THAT OIL & GAS COMPANY SUPPLY WILL NO LONGER POSE A CHALLENGE TO THE PLANTS BECAUSE IT IS NOW ROBUST .

AND HE SAY FOR AN INVESTOR WHO WANT TO INVEST IN A GROWING COMPANY BUSINESS, CONTRUCTING AN OIL & GAS COMAPNY PLANT IS A WISE CHOISE.

FOR A BIG INVESTORS , THE DOWM-STREAM SUBSECTOR OF THE OIL AND GAS INDUSTRIES AND THEY CONTINUES TO OFFER ATTRACTIVE PROSPECTIVE WITH HUGE GAS RESERVE OF 185 TRILLION CUBIC FEET AND GOVERNMENT’S STRONG COMMITMENT TO DEVELOPING THE GAS INDUSTRIES THROUGH THE GAS MASTER PLANS, THERE ALOT OF EMERGING OPPORTUNITIES FOR INVESTORS IN THE SUB-SECTORS

ONE SUCH AREA OF THE INVESTMENT IS IN LIGUEFIED PETROLEUM GAS PLANT.

THE STAGE OF SETTING UP AN OIL AND GAS PLANT IS ALMOST SIMILAR TO CONDITION SURROUNDING SETTING UP OF A PETROL FILLING STATION

* ACQUIR A LAND AND GET THE NECESSARY APPROVAL LEGAL DOCUMENT FROM THE LOCAL GOVERNMENT, THE STATE GOVERNMENT AND THE FIRE SERVICE.

* ENVIRONMENTAL IMPACT ASSEMENT

ACCORDING TO THE DEPUTY CHAIRMAN OIL & GAS GROUPS LAGOS CHAMBER OF COMMERCE AND INDUSTRIES ,

FOR INSTANCE BUILDING A PLANT GAS IN OGUN STATE WILL BE CHEAPER THAN LAGOS, WHERE THE COST OF LAND IS 10 TIMES THAT OF OGUN

AFTER ACQURING LAND AND GETTING APPROVAL FROM LOCAL AND STATE GOVERNMENT AGENCIES ,YOU WILL THEN PROCCED TO THE DEPARTMENT OF PETROLEUM RESOURCES FOR REGULATORY APPROVAL TO CONSTRUCT AND OPERATE AN GAS PLANT .

DOCUMENT TO BE SUBMITTED TO THE DPR INCLUDE :DETAILS APPROVAL PLAN DRWINGS SHOWING THE EXISTING OR PROPOSED BUILDING ON THE SITE AND THE RELATIVE DISTANCE TO THE ROAD WAYS AND ADJOURNING PROPERTIES .PIPING AND INSTRUMENTATION DIAGRAM OF THE GAS FILLING PLANT AND SECTION DESIGN DRAWINGS OF THE STORAGE TANKS SHOULD ASLO BE SUBMITTED.

THEY ASLO INCLUDE A CERTIFICATE SIGNED BY THE CHIEF FEDERAL/STATE FIRE SERVICE TO SERTISFY WITH THE PROPOSED ARRANGEMENT FOR THE PREVENTION FIRE, ALSO A LETTER SUBMITTED TO THE PROPERTY TOWN PLANNING AUTHORITY,AND DPR EVIDENCE THAT COMPANY IS DULY IN CO-OPERATED BY THE FEDERAL MINISTRY OF TRADE TO DEAL IN PETROLEUM PRODUCT