Yemi Osinbajo, acting president is set to be in Lagos Friday in an effort to resolve the dispute threatening the ongoing integration of the $3.3 billion Floating Production Storage Offloading (FPSO) unit constructed for the $16 billion Egina Deepwater oilfield being developed by the French oil major, Total, Thisday’s investigation has revealed.
The visit follows the allegations by some international oil companies (IOCs) behind the Egina project that the efforts of President Muhammadu Buhari’s administration to increase Nigeria’s crude oil production capacity by 200,000 barrels per day in December 2018 through the Egina deepwater oil field, is under threat, following a demand of $33 million by the Global Resources Free Zone Management Company (GRFZMC), a subsidiary of LADOL.
It was gathered that the acting president, who is also the Chairman of the Presidential Enabling Business Environment Council (PEBEC), would visit LADOL to get the details of the dispute and inspect the FPSO and the integration yard (SHI-MCI FZE) built by Samsung Heavy Industries (SHI) of Korea at the LADOL free zone in Lagos.
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