Senate assures AGIP of commitment to $13.5billion oil project

The Senate has assured Nigerian Agip Oil Company (NOAC) and other stakeholders of its support and commitment for the commencement of the $13.5 Billion offshore Zabazaba crude oil production project that is awaiting Final Investment Decision.

Senator Adeola commended NAOC for turning out yet another set of highly skilled subsea engineers for deep sea projects like Zabazaba stressing that as representatives of the people of Nigeria it is the role of National Assembly to ensure that Nigerians benefit directly in the production and processes in crude oil exploration and exploitation.

Earlier on, Mr. Lorenzo Fiorillo, the Vice Chairman and Managing Director of NAOC said the company is committed to promote value addition in Nigerian Economy by deliberately utilizing Nigeria human resources and materials and services in its gas and oil activities in compliance with Local Content Act adding that the exhibition programme is geared towards showcasing research and development in emerging technology towards growing Nigerian Content in the Oil and Gas Industry.

Other participants at the exhibition includes Mr. Bello Rabiu, the Chief Operating Officer (COO) NNPC (Upstream), Mr. Bambo Ibidapo-Obe, the General Manager Oando and Engineer Simbi Wabote, The Executive Secretary of NCDMB.