The Chairman, Senate Ad hoc Committee on Local Content, Mr. Solomon Adeola, has commended the management of Total Upstream Nigeria Limited (TUPNI) on its $16 billion (N5.76 trillion) Egina project in Nigeria.
Adeola gave the commendation during the committee’s oversight function in Lagos on Friday, promising total support for the local content development initiative.
The committee inspected the $3.3 billion Floating Production Storage Offloading (FPSO) vessel.
The storage facility is for 200,000 barrels per day Egina deep-water oilfield, which is expected from South Korea on January 23.
Adeola said the essence of the visit was to see and have first-hand information on the Egina FPSO and to also commend Total for making the huge investment a reality.
According to him, the 330-metre long Egina FPSO, the largest FPSO ever installed in Nigeria by private investors and the Nigerian government, is commendable.
“If Nigeria can attract such huge project estimated at $16.3 billion, it shows we are moving in the right direction and growing our economy,” he said.