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Snake Island: FG receives report on idle fabrication yard


By Edith Ike-Eboh
Abuja, April 7, 2021 The Federal Government has formally received the report from committee on compensatory contracts and others incentives for KAZTEC Engineering Ltd.
Kaztec Engineering Limited is a subsidiary of Chrome Group, an indigenous engineering and fabrication company owned by Chief Emeka Offor.
The Company’s Fabrication yard on Snake Island, which houses Badagry Creek Industrial Park Free Trade Zone, licensed in 2014 was grounded in March 2015 when Addax Petroleum had tax issues with the Federal Government.
The grounding of the company also led to abrupt halt of the platform construction for oil production from Antan and Ofrima/Udele fields and unpaid salaries to workers, contractors, and vendors. ....

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Breaking News | Breaking News FG revokes Addax Petroleum licences, re awards it to Emeka Offor's Kaztec Engineering, one other


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Nigeria’s oil and gas regulator, Department of Petroleum Resources, DPR has revoked four licenses held by Addax Petroleum, a highly unusual move for licenses with producing assets.
The head of the agency, Sarki Auwalu said in a post on the DPR website that Addax was not developing the assets sufficiently, adding that the licenses had already been re-awarded to the operator’s former contractor, Kaztec Engineering Limited and Salvic Petroleum Resources Limited.
Kaztec Engineering is owned by businessman, Emeka Offor via his Chrome Group of Companies.
Addax is owned by China’s Sinopec Group. Of the four revoked assets, OML 123, OML 124, OML 126 and OML 137, three have producing fields, Addax’s website says. ....

Snake Island , Lagos State , Sarki Auwalu , Chrome Group Of Companies , Kaztec Engineering , Department Of Petroleum Resources , Addax Petroleum , Salvic Petroleum Resources , China Sinopec Group , Petroleum Resources , Kaztec Engineering Limited , Emeka Offor , Chrome Group , பாம்பு தீவு , லாகோஸ் நிலை , துறை ஆஃப் பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் வளங்கள் , குரோம் குழு ,

Nigeria takes Addax licences, hands them to Offor - News for the Oil and Gas Sector


Nigeria takes Addax licences, hands them to Offor
Nigeria has revoked four licences held by Addax Petroleum and handed them to the operator s former contractor.
Addax Petroleum
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Nigeria has revoked four licences held by Addax Petroleum and handed them to the operator’s former contractor.
Department of Petroleum Resources (DPR) head Sarki Auwalu disclosed the move during a roundtable with the Nigerian media. The agency cited This Day as reporting the development. ....

Snake Island , Lagos State , Sarki Auwalu , Salvic Petroleum Resources , Addax Petroleum , Chrome Group , Department Of Petroleum Resources , Petroleum Resources , Petroleum Act , Kaztec Engineering , Emeka Offor , பாம்பு தீவு , லாகோஸ் நிலை , குரோம் குழு , துறை ஆஃப் பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் நாடகம் ,