Petrolog, an indigenous service company, has acquired an ocean diving support vessel to boost its operations and advance the local content policy of the Federal Government, Vanguard reports.
The brand new 100 per cent Nigerian flagged, ABS classed Dynamic Positioning, DP2, dive support system vessel, which is currently in Nigerian waters is the largest indigenous owned vessel in its class and is capable of providing diving, offshore construction and field support.
Explaining the features of the vessel, Petrolog said the DSV Vinnice has a dead weight of 3200 tonnes. It is 85 meters long and has a beam of 22 meters. It has an ample deck space which will afford the placement of equipment, tools and supplies on its deck.
Petrolog Chairman, Mr. Vincent Ebuh said the acquisition of the vessel is to further position the company as a foremost indigenous oil servicing company and boost its capacity to meet the demands of oil production companies in the country.
According to Ebuh, the local content policy of the Federal Government has thrown a great challenge to indigenous companies in oil and gas thereby making it possible for the serious minded ones to venture into areas that were hitherto dominated by foreign companies. To him there are indeed many more investment potentials in the sector.