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    Farstad enters JV in Nigeria

    News // July 9, 2004
    Fearnleys Offshore Supply reports that, as part of its commitment to national development, Vigeo Holdings Limited, Nigeria's leading multi-business company, has floated a new shipping company called Vigeo Farstad Shipping Company to empower the deep offshore activities of the Nigerian oil and gas sector with supply vessels of international standard.

    The company, which is a direct result of the Cabotage Act passed recently by the Federal government of Nigeria to enable a compulsory local content participation in the oil and gas sector of the Nigerian economy, presently has six of its vessels in Nigerian waters.

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