Oceangate Oil and Gas Engineering, a prominent Nigerian oil and gas company, has secured a landmark multi-billion dollar agreement with Global Petroleum Group to launch one of the largest oil and gas projects in the Caribbean, based in Grenada.
Group CEO Dr. Aisha Achimugu shared in a Saturday release that this partnership will unlock Grenada’s hydrocarbon potential, positioning the nation to rise as a key energy center for the Caribbean region and beyond.
Achimugu said, “We are thrilled to enter this partnership with Global Petroleum Group, which will bring substantial economic benefits and energy resources to Grenada.
“This venture underscores Oceangate’s commitment to investing in sustainable energy solutions that drive economic prosperity while respecting environmental standards. We believe this project will lay the foundation for future economic collaborations between Africa and the Caribbean.”
He added, “With a vision to fuel long-term economic growth and sustainable development, this ambitious project promises not only to elevate Grenada’s energy production capabilities but also to foster job creation, infrastructure development, and technology transfer within the local economy.
“Set against the backdrop of the Caribbean’s evolving energy landscape, the venture is expected to provide unprecedented economic opportunities, delivering benefits across sectors and positioning Grenada as a key energy supplier in the region.”
