NEWS ::

INTELS HAS ENTERED THE HEAVY LIFT MARKET Intels Nigeria Limited have taken delivery of their new Liebherr LHM 600 at their Federal Ocean Terminal and Federal Lighter Terminal in the Onne Oil & Gas Free Zone. The crane, which is believed to be the largest harbour mobile crane in Africa, has a maximum lifting capacity of 208 tonnes on the ropes out to a massive 17 m radius from the crane center line, and it rivals most telescopic and crawler mobiles in the region too. It sits on the Liebherr undercarriage, meaning it can travel easily around the berths and set-up without the long preparation needed for the normal heavy lift cranes – no mobilization or demobilization, just drive up, prop-up and lift-up! Intels can offer their main customer, the offshore oil & gas industry in West Africa newer, larger and stronger equipment to provide the best Integrated Logistic Solutions even for the biggest. FPFI HAS ACCESS TO THIS EQUIPMENT NOW. JVs AND PARTNERSHIPS Joint venture under discussion to manufacture: Subsea Well-heads Mudline Suspension Systems Subsea Production Trees Production Risers Template Systems Subsea Manifolds Refurbishment of BOPs Barge manufacturing in collaboration with the Naval Dockyard, Port Harcourt Plant and Building Erection CORPORATE GOVERNANCE Almost 100 percent indigenous Nigerian ownership. Wide equity holdings by banks, corporate entities and individuals ensure accountable and transparent corporate governance. In addition to transparency and accountability, adherence to ethical behaviour, due process and meritocracy are among the Core Values of FPFI. Adoption of a culture of Safety by choice and not by chance and total quality in all our operations are collective pursuit and responsibility of all FPFI staff. BUSINESS ALLIANCES Technical Backup Agreement with DDFC Group of Pakistan, an ASME code stamp holder <www.ddfcgroup.com> Joint Venture MOU under discussion with ELGIN (SA) and CHANNEL (SA) of South Africa <www.elgin.com> MOU with WELTEK Engineering Ltd and Atlas Poligenics Ltd for provision of engineering design support services Installation and erection subcontracting arrangement with a community based contractor in order to deepen community content in company’s operations. CERTIFICATION Process of certification to ISO 9001:2000 commenced Application process for obtaining ASME code stamps U and R in progress

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