An indigenous oil and gas firm, Green Energy International Limited (GEIL), has endorsed a fresh Memorandum of Understanding (MoU) with Ikuru Town
, has endorsed a fresh Memorandum of Understanding with Ikuru Town Community, which hosts its operations in Rivers state.
The firm which is the operator of the Otakikpo marginal field, expressed optimism about a better deal with the host community just as it reiterated its commitment to the development of the community having successfully negotiated and signed the new MoU with them. The MoU encompasses the establishment and funding of development projects through the Ikuru Town Community Development Trust Fund which will midwife projects and programmes to empower the community, reduce youth restiveness and promote inclusion of women and vulnerable groups.
He reiterated that “the MoU is a significant milestone for GEIL and Ikuru Town community. It secures the necessary funding that is available to expand its social investment programmes to provide infrastructure, reduce unemployment, build capacity for women, access to community contractors and contracting, technical training and unlock further value at Otakikpo. We are pleased to be working with the Ikuru Town Community and other stakeholders”.
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