In a statement posted on its website today, Baker Hughes, a unit of General Electric announced it had  signed an agreement for the provision of Asset Performance Management (APM) software and services for LNG trains and related Balance of Plant (BoP) by Nigeria LNG Limited (NLNG). The deal marks the first APM solution sold by the company in the LNG space and in Sub Saharan Africa.

BHGE was asked by NLNG to develop a solution to enhance the performance of LNG trains at its gas liquefaction plant in Bonny Island, Nigeria. Using proven APM software, BHGE developed an outcome-based solution with a digital trip reduction program and has committed to a reduction of 20 percent of trips on the LNG trains and related BoP within three years.

Baker Hughes is an American industrial services company that was founded in 1807. General Electric bought a majority stake in the firm in October 2016. It operates in over 120 countries and has a staff strength of about 35,000 people.

The Nigerian Liquefied Natural Gas Project (NLNG) located in Bonny, Rivers State, was founded on May 17, 1989. The company is owned by four shareholders; the Federal Government (represented by the Nigerian National Petroleum Corporation), 49%, Shell (25.6%), Total LNG Nigeria Ltd (15%) and Eni (10.4%).

The company had recently kicked against a proposed amendment by the House of Representatives seeking to compel it to pay 3% of its annual budget to the Niger Delta Development Commission (NDDC) as funding.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.