Thursday 30 October 2014

SAMSUNG ADMITS SUBMITTING COST VARIATION FOR EGINA FPSO

SAMSUNG ADMITS SUBMITTING COST VARIATION FOR EGINA FPSOSamsung Heavy Industries Nigeria, the firm that won and is currently executing the $3.3bn Egina Floating, Production, Storage and Offloading project, has admitted there will be some sort of cost adjustments as far as the project is concerned.

This variation, which the company described as ‘change orders’ was said to be introduced to check possible market dynamics

Read more @ The Punch

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