Archive for December, 2007

What do you get for $1.2 Billion now-a-days?

Monday, December 31st, 2007

An FPSO?
I saw the import invoice for the Agbami FPSO. $1.2 Billion. That was impressive. The customs duty payment was staggering. One engineer calculated that the duty payment in 20 Naira notes would stack up to 20 miles high. But we did not get the full impact of being impressed until the vessel showed up […]