ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
  • The Sun Foundation
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
  • The Sun Foundation
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home Business

Legal firm advises Century Energy on acquisition of $40m  FPSO Armada Perdana, Front Puffin

7th October 2019
in Business
0
Legal firm advises Century Energy on acquisition of $40m  FPSO Armada Perdana, Front Puffin
Share on FacebookShare on Twitter

Chiamaka Ajeamo

A team of Legal Answers LLP lawyers, led by partner and principal commercial lawyer Teinane Okpokiti , is  advising Century Energy Services Limited on the successful acquisition of Floating Production Storage and Offloading  (FPSO) ships , “Armada Perdana” and “Front Puffin”.

The Armada Perdana which was acquired from Malaysian FPSO operators Bumi Armada for $40million, is now renamed “Tamara Tokoni” and would sail to the Okpoho field in Oil Mining Lease (OML) 119.

The FPSO Front Puffin bought via the acquisition of the Puffin Limited from Sea Production Limited a subsidiary of Rubicon Offshore International, is currently deployed at the Aje field OML 113, offshore Lagos, where it is operating under charter to Folawiyo Aje Services Limited. Century has been undertaking the operation and maintenance of the vessel since 2016 when she was first deployed to the Aje field.

Commenting on this development, Teinane Okpokiti said, “We are delighted to have advised Century Energy Services Limited, a retaining client of the firm on these milestone acquisitions in the offshore market. Both transactions were very complex and involved multiple jurisdictions. Thus, we are excited to have closed both transactions in a timely fashion . Our solid experience handling these sorts of transactions combined with our offshore market depth and expertise means that we are perfectly placed to advise clients locally and internationally. The acquisitions underpin century’s capabilities as a foremost independent FPSO operator and also the preferred choice for international operator in the Nigerian market.”

The Chief Executive Officer, Century, Ken Etete said, “With the acquisitions, we can guarantee cheaper and efficient offshore solutions to clients as a result of de-risking our operating environment using local resources and expertise. Our strategy is to complement and collaborate with international FPSO operators to achieve a reduction of offshore operation costs and ultimately supporting offshore development in Africa.”

Rapheal

Rapheal

Related Posts

2021 budget: ICPC uncovers 257 phony projects worth N20bn
Business

Naira redesign: ICPC bursts bank, discovers N258m, makes arrests  

9th February 2023
IPMAN threatens strike over PMS pump price reduction
Business

Fuel scarcity: IPMAN begs NNPC for level playing ground to serve Nigerians better

9th February 2023
CAC applauds National Assembly on passage of Companies and Allied Matters Bill
Business

Probe alleged N22.5bn  cash swap deal, PDP charges NASS

9th February 2023
Next Post

WIMA-Nigeria 2019 conference to empower women in maritime sector

Reviving other Nigerian ports

Maritime sector still struggling for stability 59 years after

Shell invites bid for new FPSO in Bonga

GMoU: Shell inaugurates 34 projects in Delta communities

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Ihedioha Congratulates new NLC president,Ajaero

Giving students entrepreneurial education critical to national development- Prof. Ezemonye, IUO VC

2023 polls: UNILAG declares lecture free weeks for students to vote

The making of leisure ride brand, Personal Transport Nigeria

Why I am turning my ‘Energygawd’ nickname into a business – Shopsy doo

IMC sanctions El-Kanemi Warriors

Trending

Employability, Entrepreneurship: Nasarawa govt trains 370 indigenes on Developing Business Plan
National

Employability, Entrepreneurship: Nasarawa govt trains 370 indigenes on Developing Business Plan

9th February 2023
0

...... Training will prepare applicants to create networks for themselves -SSA From Abel Leonard, Lafia The Nasarawa...

Fuel scarcity: IPMAN begs NNPC for level playing ground to serve Nigerians better

Fuel scarcity: IPMAN begs NNPC for level playing ground to serve Nigerians better

9th February 2023
Buhari congratulates Ajaero on emergence as NLC President

Buhari congratulates Ajaero on emergence as NLC President

9th February 2023
Mbazuluike: I’m proud to have hosted his 90th birthday -Ihedioha

Ihedioha Congratulates new NLC president,Ajaero

9th February 2023
Giving students entrepreneurial education critical to national development- Prof. Ezemonye, IUO VC

Giving students entrepreneurial education critical to national development- Prof. Ezemonye, IUO VC

9th February 2023
ADVERTISEMENT

Follow us on social media:

Latest News

  • Employability, Entrepreneurship: Nasarawa govt trains 370 indigenes on Developing Business Plan
  • Fuel scarcity: IPMAN begs NNPC for level playing ground to serve Nigerians better
  • Buhari congratulates Ajaero on emergence as NLC President
  • Ihedioha Congratulates new NLC president,Ajaero
  • Giving students entrepreneurial education critical to national development- Prof. Ezemonye, IUO VC
  • 2023 polls: UNILAG declares lecture free weeks for students to vote
  • The making of leisure ride brand, Personal Transport Nigeria
  • Why I am turning my ‘Energygawd’ nickname into a business – Shopsy doo
  • IMC sanctions El-Kanemi Warriors
  • Napoli warns Man U, Chelsea: Osimhen not for sale even at €120m
  • AFCON 2023 Qualifier: Guinea Bissau to host Super Eagles in Morocco
  • WCQ: Cape Verde, CIV strengthen team against Nigeria
  • I saw hell at Arsenal— Iwobi
  • Okolie set for world title defence in Manchester
  • NIS DG pledges support to Gumel led NOC
  • Ndidi set to return against Tottenham
  • CONHESS adjustment: Body accuses FMoH of double standard
  • ‘Academic doctors, critical in repositioning Nigeria’s medical ecosystem’
  • Distributors rewarded at wellness, wealth creation confab 
  • Naira redesign: ICPC bursts bank, discovers N258m, makes arrests  

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
  • The Sun Foundation

© 2019 The Sun Nigeria - Managed by Netsera.