The Senate on Tuesday started a public hearing into the local content and cost variation of the over sixteen billion dollar Egina deep sea oil field Floating Production Storage Offloading (FPSO) vessel.
Chairman of the Adhoc committee set up to investigate the alleged abuses of local content, Senator Solomon Adeola led other federal lawmakers to quiz officials of the Nigerian National Petroleum Corporation, NNPC and its agencies
Also grilled were officials of Total Upstream Nigeria Limited, Saipem Contracting and Samsung Heavy Industries Limited.
The Production Sharing Contract (PSC) agreement between the Nigerian government and Total with its local partners is the major focus of investigation.
The Senate investigation is starting on the same day the FPSO vessel component of the project constructed by Samsung at its yard, in Goje, South Korea, arrives in the country
The vessel set sail for Nigeria on October the 30th, 2017.
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