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4 Articles Found

Energy Mix Report and The Nation Cover Kaztec Progress on Addax Platform

Energy Mix Report has published the article, "Kaztec makes progress on Addax's Antan platform, NNPC promises support for local content." Antan field is owned and operated by Sinopec Addax Petroleum Limited, and the work on the platform is being done at Kaztec Engineering's Snake Island fabrication yard in Lagos.  See photos here.  The Nation also reported on the story under the headline, "Kaztec advances work on Addax’s Antan platform, jacket." Work carried out by Kaztec Engineering Limited, a subsidiary of Chrome Group, has reached an advanced stage on the construction of the platform and jacket for oil production from Antan field, owned and operated by Sinopec Addax Petroleum Limited, at its Snake Island fabrication yard in Lagos, The Nation reports. Antan oil field is in water depth of about 40 metres and located in oil mining lease (OML) 123 holding ...


Ventures Africa: Nigerian First Bank Eager To Fund Kaztecā€™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 ...


Sweetcrude: Kaztec will soon move into deep offshore projects

The article, "Kaztec will soon move into deep offshore projects – Sir Emeka Offor." which was published this week in Sweetcrude, breaks the news that in view of Katztec's successes in onshore oil and gas projects, the company plans to go into the deepwater terrain. Such a move would demonstrate indigenous capacity in the region, still largely dominated by the multinationals. Below are excerpts from the interview published in the story. Q: Since Kaztec Engineering was incorporated what has been its milestone accomplishments in Nigeria’s oil and gas industry? Kaztec was incorporated in Nigeria, in June 2005, and by the special Grace of God, it has grown to become a leading Engineering, Procurement, Installation and Construction, EPIC contractor in Nigeria. It is a subsidiary of the Chrome Group, and the company has performed creditably over the years in terms of quality ...


Premium Times: Chrome Group subsidiary targets $1bilion annual turnover in five years

The article, "Chrome Group subsidiary targets $1bilion annual turnover in five years," in Premium Times says The Chrome Group subsidiary Kaztec Engineering Limited (http://www.kaztec-eng.com/), which is an engineering, procurement and construction (EPC) company, plans to grow its annual turnover by about five times the current level of over $200 million within the next five years. The information comes from Projects Director, Geoffe Stone, speaking on the sidelines of the 12th Nigeria Oil & Gas (NOG) Conference in Abuja this week. Mr. Stone said the company’s growth strategy would be devoid of mergers and acquisitions, but would involve leveraging on the potentials of other interests under The Chrome Group. The following is from the article, which was written by Bassey Udo: Chrome is the parent company of the Environmental Remediation Holding Company (ERHC) Energy, which has extensive interests in the Nigeria /Sao ...