Yenagoa is the capital city and commercial hub of Bayelsa State. It is located in the Yenagoa Local Government Area, which is about 706 km² in size and had a population of about 266,008 at the 2006 census. It is the home of Bayelsa United FC–a Nigerian premier league football club. Yenagoa is a capital city on the rise with a number of critical projects ongoing such as: The Yenagoa Airport and Industrial City; the Yenagoa Heliport; the New Yenagoa City luxury residential development; Agge Deep Seaport and Industrial City; the 350 bed medical complex; the Asamabiri Eco-Industrial City; and the Gbarain Eco-Industrial Park and Power Hub. All of which will change the face of the city and actualize the Restoration Government’s vision of sustainable economic development and industrialization. 

YENAGOA AT A GLANCE

  • 1. Capital City and commercial hub of Bayelsa State
  • 2. Sits in the heart of Nigeria’s Niger Delta (the third largest wetland in the world)
  • 3. Host to the Shell Petroleum Development Company’s world-class $4 billion
    gas gathering facility located at Gbaran Ubie (the largest investment made by the
    Shell Petroleum Development Company in Africa)
  • 4. Major contributor to the economy of Nigeria
  • 5. Provides 1/3 of Nigeria’s oil wealth
  • 6. 40% of onshore crude oil production
  • 7. 60% of the Liquefied Natural Gas (LNG) resources
  • 8. Comparative advantage in several industrial sectors including power
    generation, petro-chemicals, refineries, agro-allied processing activities
  • 9. Safe-City Video Surveillance Security System. First of its kind in Nigeria

OIL SECTOR OPERATIONS

Partnerships for Gas with IOC’s
To encourage power generation & reduce emission of green-house gases:

  • The ENI Group (AGIP) is expected to harness flare gas for power generation by adopting Flare Gas Recovery Solutions
  • Development of power hubs in Gbarantoru and Assamabiri (Yenagoa vicinity), leveraging on gas provision agreements with Shell and ENI, in order to attract power sector investors and gas based industries
  • Shell is committed to provide 10mscf of gas daily to Bayelsa State for power generation
  • Gas supply can increase to 40mscf of gas daily, under the Interim Gas
  • Sales and Purchase Agreement with the Bayelsa Development and Investment
  • Corporation (BDIC).
  • Partnership with Rehoboth Refinery Nigeria – A private refinery
  • Development of Bayelsa State Gas Master plan by EY Global Ltd.