15 December 2012

Nigeria: Brass LNG At Point of No Return, Says Gaius-Obaseki

"Let it be God's will that this will be the last Christmas before Final Investment Decision (FID)", was the prayer of the Chairman of the Brass LNG Limited, Dr. Jackson Gaius-Obaseki, at the 2012 end-of-year luncheon to appreciate the contributions of staff members in the out-going year.

Gaius-Obaseki, who commended the workers for their commitment to the development of the two-train 10-million metric-ton-per-annum Brass LNG project, said it was only if staff members saw the glass as "half-full" rather than "half-empty" that positive things could happen for the project.

He cited his past survival experiences while flying in stormy weather in the course of official duty and observed: "no matter how difficult the storm is, we must make it. There are no obstacles, only challenges to be overcome".

Gaius-Obaseki stated that the project had reached a point of no return and that the only option was to go forward with its construction.

In his remarks, Managing Director of Brass LNG, Mr. Vincenzo Di Lorenzo, thanked staff for their commitment to the project commending them for adherence to safety procedures, which has resulted in the accumulation of a remarkable 6.4 million man hours without LTI (Loss Time to Injury).

Brass LNG Limited was incorporated in 2003 by its shareholders - NNPC, Eni-Agip, ConocoPhillips and Total - and completed its early site works in 2009, which entailed opening up roads, preparing the base for the tanks, building of a workers camp at its plant premises on Brass Island in Bayelsa State. It is currently analyzing the various contract packages preparatory to award which will mean the taking of the FID.

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