NigerStar 7 Company yesterday announced an investment of over $20 million (N7.2billion) to acquire oil floating facility assets that would boost local content development in Nigeria.

The Chief Executive Officer of the company, Yann Cottart, disclosed this at the official inauguration ceremony of its newly acquired $10 million vessel investment named “NigerStar 7 Adaba” in Lagos.

According to him, the 20 million dollars investment future plan to acquire oil floating facilities, vessel and oil servicing equipment would create more job opportunities for offshore and onshore workforce and oil service companies.

Source: Independent