UTM Offshore, JGC, KBR Sign First Floating LNG Pre-Feed Contract Emmanuel Addeh in Abuja An indigenous firm, UTM Offshore Limited, has signed a deal with Japan Gas Corporation (JGC), a leading international Engineering Design, Procurement and
Construction (EPC) firm, to establish a Floating Liquefied Natural Gas (FLNG) facility, the first of its kind in Nigeria. This followed the issuance of licence by the Department of Petroleum Resources (DPR) to establish the FLNG facility.
UTM Offshore Limited took a major step to actualise the project yesterday, signing virtually, a landmark preliminary front end engineering design (Pre-FEED) agreement with JGC. According to the agreement,
the Pre-FEED scope would be completed within four months from commencement date. UTM has also engaged Kellogg Brown and Root (KBR) of the UK to provide owner’s engineering services on the project.
KBR is to provide due diligence on the JGC scope by conducting a third-party review of all deliverables from JGC during the Pre-FEED. Speaking at the virtual signing event, the Managing Director of UTM Offshore
Limited, Mr. Julius Rone, said JGC Corporation came highly recommended given the several similar projects the firm had undertaken across the world. Continued on page 43
Transportation Ministry: Why we Want NPA to Procure Equipment , Not Contracts...
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Wednesday 12 May, 2021 Vol 26. No 9530. Price: N250
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Despite Pandemic, NSIA’s Income Rises by 343% to N160bn Abacha’s $311m refund intact, says Orji
Obinna Chima in Lagos and Emmanuel Addeh in Abuja
The Nigeria Sovereign Investment Authority (NSIA),
manager of Nigeria’s Sovereign Wealth Fund (SWF), yesterday announced its audited results for its 2020 financial year, reflecting a strong financial
performance and consistent implementation of strategic infrastructure investment programmes for the year. The results showed that
despite the challenges posed by the COVID-19 pandemic in the year under review, the NSIA recorded 343 per cent growth in its total income,
which rose to N160.06 billion in 2020, up from the N36.15 billion in the previous year. Also, excluding devaluation gain of N51 billion, the NSIA
made a core income of N109 billion compared to N33.07 billion in 2019. Continued on page 42
Southern Governors Call for National Dialogue, Restructuring, End Open Grazing
Want appointments to reflect federal character Urge Buhari to address nation on insecurity
Omon-Julius Onabu in Asaba
Governors of the 17 southern states under the aegis of the Southern Governors Forum have called on the federal government to convoke a national dialogue as a matter of urgency to address widespread agitations among Nigerians for greater inclusiveness in governance. “The federal government should convoke a national dialogue as a matter of urgency,” they said in a communique at the end of their meeting yesterday in Asaba, the Delta State capital. The governors also called for the restructuring of the country and end to open grazing in the Southern parts of the country to curb the excesses of armed herders. In the 12-point communiqué, the governors stressed the need to review appointments into federal government agencies, including security agencies, to reflect federal character and the heterogeneity of the Nigerian population. Continued on page 42
TRAILBLAZER...
L-R: Member, Nigerian Ports Authority Board, Chief Akin Ricketts; TAMPLARS’ Ms. Yemisi Awonuga; Managing Director/CEO, UTM Offshore Limited, Mr. Julius Rone; Chief Executive Officer, Delta State Investments Development Agency, Mr. Paul Nma; Legal Counsel, UTM Offshore Ltd., Mr. Alecander Utieyin-Scott; and Project Lead Consultant, Dr. Yahuza Kassim, at the signing of the pre-front end engineering design contract of Nigeria’s first floating LNG in Lagos…yesterday