$3.9b Egina FPSO contract: NNPC, Samsung disagree on variation cost

$3.9b Egina FPSO contract: NNPC, Samsung disagree on variation cost

The Nigerian National Petroleum Corporation (NNPC) and Samsung Heavy Industries (SHI) are in discussion over further variation of the $3.9billion Engina Floating, Production, Storage, Offloading (FPSO) vessel contract. While the NNPC appears not to be  favourably disposed to further payment of variation costs to SHI, the latter is pushing for variation cost of $800million citingRead More
Source: $3.9b Egina FPSO contract: NNPC, Samsung disagree on variation cost

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