As This Day Live reports, the board of the Brass LNG Ltd. said that pre-investment spending on the project is now over $1 billion.
Chairman of the board, Dr. Jackson Gaius-Obaseki said that a lot of things had been undertaken to push the project further, adding, “I am happy to report that phase 1 of the early engineering works has been completed and approval given to commence phase 2A of the early engineering works.
“Phase 2B, which would include Front End Engineering Design (FEED) verification will be completed as scheduled; during this phase, the key activity will be the award of contracts for the long lead equipment items in order to support the Gas Trains Engineering and Procurement (GTEP) schedule.
“Negotiations on the GTEP contract have reached an advanced stage with notable progress. In all, Engineering and Procurement Contract (EPC) activities are going well and on schedule.”
“We believe that this is a project that will bring more of Nigerian capacity in line with the local content act. At the peak of our construction, we will be requiring about 15,000-18,000 workers”, Chairman of the board said.
LNG World News Staff, July 10, 2012