Monday 9 February 2015

FG defers decision on $12.5bn Bonga project

FG defers decision on $12.5bn Bonga projectThe Federal Government has deferred the Final Investment Decision (FID) on $12.5 billion Bonga South West Aparo deep-water project to the second quarter of 2015.

Besides, the Federal Government, a major stakeholder in the 3.2billion barrels recovery project, has through the Nigerian National Petroleum Corporation (NNPC), been demanding “high level of local content on the integration work needed for the planned Floating Production Storage and Offloading (FPSO) vessels

Read more @ New Telegraph

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