Advisors ReportsAdvisors Reports
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Dawcon, Green flare sign flare gas deal with OML 30 JV to power bitcoin mining, AI computing
Share
Sign In
Notification Show More
Font ResizerAa
Advisors ReportsAdvisors Reports
Font ResizerAa
Search
  • News
  • Editorial
  • Feature
  • Special Report
  • Oil & Gas
    • Upstream
    • Midstream
    • Downstream
  • Power
    • Generation
    • Distribution
    • Transmission
  • Renewables
    • Solar
    • Nuclear
    • Hydrogen
  • Extractive Industry
  • Maritime
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
GasGreen FinanceNewsPowerRenewablesSustainabilityTechnology

Dawcon, Green flare sign flare gas deal with OML 30 JV to power bitcoin mining, AI computing

Admin
Last updated: June 2, 2025 1:20 pm
Admin
Share
3 Min Read
SHARE

Oredola Adeola

Dawcon Energy, an awardee of the three gas flare sites (Afesiere, Eriemu, and Kokori) and Green Flare Holdings, have signed a Gas Connection Agreement with the OML 30 Joint Venture to channel flare gas for powering Bitcoin mining operations, under Nigeria’s Gas Flare Commercialization Programme (NGFCP).

Advisors Reports gathered that the OML 30 JV is managed by NNPC Exploration and Production Ltd., Shoreline Natural Resources Ltd., and Heritage Energy Operational Services Ltd.

The project aims to harness previously wasted flare gas to generate off-grid electricity. In its initial phase, it aims to produce 53 megawatts (MW) of power from three sites in Delta State.

The electricity generated will power modular data centers located directly at the flare sites.

These centers will initially focus on Bitcoin mining, with plans to expand into artificial intelligence computing and high-performance data processing.

Beyond industrial applications, the project includes plans to electrify underserved rural communities, contributing to local development and energy access.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the government agency responsible for overseeing the project, stated, “This Agreement reflects the Commission’s commitment to translating Nigeria’s decarbonization policy into real, scalable outcomes.

“The Commission will continue to provide regulatory enabling support to all parties to achieve Nigeria’s climate goals,” NUPRC said.

Efa Imoke, Director of Dawcon Energy, addressing the impact of the agreement, said, “This GCA is not just a contract – it is a catalyst. It shows what’s possible when regulatory determination and innovation come together.

“It marks a milestone in the effort to monetize Nigeria’s flare gas potential, aligning government’s energy transition ambitions, the rights of host communities and the development of digital infrastructure in Nigeria,” Imoke said.

Adeoye Fadeyibi, CEO of Green Flare Holdings said, “We are transforming wasted energy into productive assets, reducing emissions, and proving that Nigeria can lead Africa in clean, distributed computing.

“With this agreement, we are delivering climate impact, energy security, and digital infrastructure—together,” Fadeyibi said.

Charles Majomi, Co-Founder of Green Flare Holdings, said, “For decades, flare gas was fire wasted to the sky—toxic, unclaimed, and forgotten.

“Today, with this agreement, we begin to rewrite that story—turning it into clean power for people, for technological progress, and for a future that doesn’t cost the Earth,” he said.

 Adelabu, Minister of Power, threatens DisCos with license revocation for power distribution failures
Kano DisCo allocates 41 priority sites to Axxela, PowerGen, DayStar, Elektron, 25 solar others for 60MW mini-grid development
NLNG to deliver keynote at 4th Oriental News National Conference in Lagos, July 24
Nigeria’s KGG hub wins IGUs regional gas award at WGC 2025 
Stakeholders seek industry-wide collaboration to maximise Nigeria’s domestic gas potential

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
Previous Article Nigeria’s energy future, investment top agenda, as NAEC conference holds Oct.9
Next Article Nigerians paying just N815–N820 per litre, 55% less than N1,600 regional average –Dangote
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad imageAd image

Latest News

Brent crude falls to $69.21, WTI down to $66.37 as Israel-Iran ceasefire suffers setback 
Documentary Impact News Nuclear Oil & Gas Upstream
June 24, 2025
Post-U.S. strike on Iran: Brent oil price climbs $79.45 on Sunday, drops to $76.75 by Monday
Impact Maritime News Oil & Gas Special Report Upstream
June 23, 2025
Trump stuns the world as U.S. strikes key nuclear sites in Iran amid Israel-Iran conflict
Documentary News Nuclear Security
June 22, 2025
Femi Soneye steps aside as NNPC’s Chief Corporate Communications Officer after 20 months
Midstream News Oil & Gas Upstream
June 21, 2025
Follow US
© 2022 AdvisorsReports. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?