The management of the Nigerian National Petroleum Corporation (NNPC) said it was compelled to award the surveillance contract of the strategic 87-kilometre Trans Forcados Pipeline (TFP) to a new contractor because the country has lost $800 million revenue in 2018 due to incessant breaches on the pipeline. A statement issued by the Corporation’s spokesperson, Ndu Ughamadu, explained that the decision to assign the TFP surveillance package to a new operator, Ocean Marine Solutions was reached after consideration of huge losses on TFP and rigorous appraisal of the company’s impressive record of performance on the Bonny-Port Harcourt and Warri-Escravos crude evacuation lines. According to him, the new contract requires the contractor to pay for any damage to any inch of pipeline under its watch, stressing that the new deal offers immeasurable benefits to the NNPC, its joint venture partners, the host communities and the entire federation. The statement explained that […]