British company that got a $9 billion judgement against NigeriaThe P&ID is the British engineering firm at the centre of the recent controversial $9 billion arbitral award by a UK court against Nigeria
Also, identified as central to the contract negotiations is one of the International oil companies and joint venture partner to the NNPC, Addax Petroleum. Equally, the Governor of the Central Bank of Nigeria , Godwin Emefiele, said there was no evidence in the apex bank’s records that the contractor invested about $40 million in the botched project.
The project for gas pressure vessels located in nine sites across Nigeria was executed under the NNPC“Butanisation Project” to prompt domestic use of gas in the country. Other contracts include the procurement and construction work for the refurbishment of all fiscalisation, pumping and out loading facilities of Shell-Western Division’s Crude Loading Platform off the coast of Warri. The $18 million contract also includes the replacement of all utility fire and safety facilities and equipment, together with the complete rebuilding of the accommodation and communications module.
The $92 million contract by Shell Western Division included the conceptual design of hybrid land and swamp handling, transport, lay and burial equipment. The official said he was advised to forward a proposal to the president in his capacity as minister of petroleum resources, while the then permanent secretary in the ministry of petroleum resources also proposed the need to seek a formal meeting with the president.
Following his reappointment as Minister of Petroleum Resources on December 18, 2008, Mr Quinn said Mr Lukman in early 2009 directed P&ID’s proposal be further examined by the government.