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Home Industries Company News

GE Directs Arco To Vacate Agip’s Contract Site, Despite Court Order

Editor by Editor
August 2, 2015
in Company News
General Electric to invest $10 billion.
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  • Despite the subsisting order of a Federal High Court that all parties should maintain the status quo, General Electric (GE) International Operations Nigeria Limited has directed Arco Petrochemical Engineering Company Limited to demobilise from the multi-million dollar maintenance service contract for gas turbines and related equipment for OB/OB, Ebocha and Kwale Gas plants in Delta State.
  • The contract is being executed for Nigerian Agip Oil Company (NAOC), operator of NNPC/NAOC joint venture.
  • In a letter dated July 27, 2015, which was signed by the Chief Operating Officer of GE in charge of Oil and Gas, Mr. Uzochi Nwagwu, the company referred to an earlier letter dated May 29, 2015, where it had directed Arco to commence demobilisation with effect from June 1, 2015.
  • Source: Tribune

 

 

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