Friday 12 September 2014

$3.8BN EGINA PROJECT TAKES OFF IN APAPA

The $3.8 billion Egina floating production storage and offloading  (FPSO) situated at Lagos Deep Offshore Logistics (LADOL) base, Apapa has commenced operation.
This is sequel to a renewed pact between the technical facilitators, LADOL and Samsung Heavy Industries (SHI).

The two companies are expected to inject not less than $300 million into the creation of the new facility, which is expected to provide employment opportunities to many unemployed Nigerians.

Read more @ Thisday

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