Jeremy
Beckman, in this report, explained that despite the recent fall in oil price,
Total Exploration & Production Nigeria, has forged ahead with the
construction of three giant deep offshore projects in Nigeria, Republic
of Congo and Angola. He noted that all three projects have reached final
construction phases and will begin operations soon.
The Egina offshore Nigeria
is projected to go onstream in 2018, followed by Moho Phase 1b in Republic of
Congo in 2017 while Kaombo’s two FPSOs in block 32 offshore Angola will start
up in 2017 and 2018. According to Total’s E & P Secretary General for
Africa, Abiodun Afolabi, “there has never been any question of suspending
activity., and Total will maintain its commitments, while ensuring that all
three projects are profitable.”
Read more @ Businessday
No comments:
Post a Comment