Essential Energy Services announces 2012 capital spending budget
Essential Energy Services Ltd. announces the 2012 capital spending budget of $60 million comprised of $29 million of newly announced growth capital, $10 million of spending to complete previously announced new equipment fabrication and $21 million of maintenance capital.
The Minister of Finance Dr Ngozi Okonjo-Iweala has confirmed that 41.3% of the 2012 capital budget has been implemented so far and that the implementation of the 2012 budget began in April after it was passed into law.