Shell Nigeria Exploration and Production Company, the deep-water subsidiary of Shell Companies in Nigeria, on Sunday said it had achieved significant savings in the cost of subsea equipment by refurbishing five subsea trees in-country led by Nigerian engineers.
SNEPCo saves about $6m for every refurbished subsea tree, delivered within 15 months as against 36 months for newly manufactured ones, according to a statement signed by the Corporate Media Relations Manager, Shell Petroleum Development Company of Nigeria Limited, Mr. Precious Okolobo
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