A member of the House of Representatives, Honourable Ikenga Ugochinyere Ikeagwuonu has hailed Mr Benedict Peters, Chairman of Aiteo Group, and the Mozambique government for the breakthrough on the Mazenga gas block.
Aiteo Group, a Nigerian conglomerate, secured a major stake in a gas-rich exploration licence onshore Mozambique.
Ugochinyere in a statement lauded Aiteo Group, saying that with the expansion of its portfolio by securing a significant stake in Mozambique’s Mazenga gas block, Africa will witness clean energy transition with indigenous companies.
He noted that Peter’s decision to go into Mozambique’s energy sector is highly commendable as exploration and production is one of many industrial sectors that the Lagos-based company has its fingers in.
He commended Mr Peters for his consistent growth and diversification as an entrepreneur, adding that he took all foundational knowledge about Nigeria and Africa’s energy sectors and made it his own.
“I commend my brother, Benedict Peters, and Mozambique government over breakthrough on Mazenga gas block, the largest onshore gas reserve in Sub-Saharan Africa. With this significant stake in Mozambique’s Mazenga gas block secured, Africa will witness clean energy transition with indigenous companies. He said.
“I also commend Aiteo for swiftly launching an intensive development programme, including aeromagnetic and gravitational geological studies, thorough field inspections, and the reinterpretation and processing of existing data. This emphasises the company’s commitment to a robust investment in gas development initiatives.
“Peters has played an outstanding role in the development of the Nigerian oil and gas industry. Aiteo is a large indigenous group that has become one of the most successful energy providers in Nigeria and a major player in the international market. Peters commands a wealth of experience in the oil and gas industry and has earned much credit for empowering Nigeria to develop its energy infrastructure towards assuming control of its natural resources.
He added: “Under his leadership, the company has recorded consistent growth with diversified holdings that have given it considerable influence across the energy marketplace.”
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