Nigerian Agip Oil Company (NAOC) operates in the land and swamp areas of the Niger Delta, under a joint venture agreement with NNPC (60%), NAOC (20%), and Oando (20%), with concessions lying within Bayelsa, Delta, Imo and Rivers States. The concession covers a total area of 5,313sq.km comprising four blocks - OML 60, 61, 62 & 63. NAOC is also the operator of two onshore exploration leases, namely OPL 282 (90% interest) in the Swamp and OPL 135 (48% interest) in the Land area. NAOC also holds 5% participating interest in SPDC JV with NNPC (55%), The Shell Petroleum Development Company (SPDC) (30%), and Total E&P Nigeria (TEPNG) (10%), with SPDC as operator of the joint venture.
Okpai power plant in Delta State is Nigeria's first ever Independent Power Plant (IPP), capable of generating 480 mega watts of electricity, with possible expansion to 960 mega watts. The commissioning of the plant (by President Olusegun Obasanjo) represents a significant stride in reducing gas flaring - 75 million standard cubic feet of gas per day (scfd) currently being flared will feed the plant.
The $480million project by Agip Oil Company Limited (NOAC) was constructed by NNPC/Agip Joint Venture, and will be contributing 15% to the current generation by the National Electric Power Authority (NNPC).
The Agip Okpai plant is a combined cycle plant and also the first of its king in Africa.
42, 40 Aguiyi Ironsi St, Abuja, Nigeria