Group:
2 Articles Found

Ventures Africa: Nigerian First Bank Eager To Fund Kaztec’s $1.3bn Local Fabrication Contract

The following article, written by Onyedimmakachukwu, was originally published in Ventures Africa on September 30, 2014. To view the original article, click here.  Nigerian First Bank Eager To Fund Kaztec’s $1.3bn Local Fabrication Contract VENTURES AFRICA – Nigeria’s premier lender First Bank Plc has said it is willing to support the funding of a $1.3 billion fabrication contract awarded by Sinopec-owned Addax Petroleum to Kaztec Engineering, a subsidiary of the Chrome Group. The contract will see Kaztec execute all of the fabrication processes for Ofrima/Udele oil wells development project in Addax Petroleum-owned oil mining lease (OML) 137 in offshore Nigeria for which it recently finalised agreements. Kaztec’s fabrication, set to begin in October is a giant step towards the aim of Addax to attain a daily production well in excess of 100,000 barrels per day (bpd). First Bank’s interest in furthering …


Construction Review: Kaztec Engineering completes phase one of Nigeria’s oil, gas project

The following story was orignally published by Construction Review on June 12, 2014. To view the original story, click here.  Kaztec Engineering completes phase one of Nigeria’s oil, gas project Jun 12, 2014 Kaztec Engineering, a subsidiary of Chrome Group, has completed phase one of its Engineering Procurement and Completion (EPC) integrated oil and gas project located on Snake Island in Lagos and plans to begin phase two in July. The project contains fabrication yard, oil and gas training centre, pipe mill, pipe coating, and a dry-dock base, as well as a power plant and will create job opportunities for Nigerians. Speaking at the Offshore Technology Conference in Houston, Texas recently, Chrome Group’s Head Communications and Business Development, Dr Edwin Ndukwe, confirmed that Kaztec is a 100 % indigenous Engineering, Procurement, Construction, Installation, Commission and Management Company (EPCICM), servicing all …