The FPSO is the biggest component of a deepwater oil and gas project and the fabrication and integration of the modules at any location spurs multi-dimensional development and creates thousands of jobs.
Browsing: Mr. Bank-Anthony Okoroafor
“We need the governance bill to set up the framework for the following as stated in the governance bill document – Create efficient and effective governing institutions with clear and separate roles, establish a framework for the creation of commercially oriented and profit driven entities, promote transparency and accountability and finally foster a conducive business environment.”
The association said that by exploring for more oil in the basin and Benue Trough, NNPC was working hard to grow the nation’s oil and gas reserves.
He stated that Egina was the first major project to start under the Nigerian Content Act and the
the Board’s strategy ensured the utilization of existing in-country capacity, upgrade of facilities to meet the targets specified in the Nigerian Content Act and Capacity Development Initiatives (CDIs) where local capacities did not exist.
He noted that the Board learnt lessons from the evaluation and compliance monitoring carried out on Total’s Egina deep water project and intends to build on those lessons on the Zabazaba and Etan deep water project.
