ladol-460x250The Nigerian Content Advocacy Group has stated that the Lagos Deep Offshore Logistics (LADOL) has the capacity to fabricate the local component of the Floating Production Storage Offshore (FPSO) of Egina deepwater oil field for Total Upstream Nigeria, and would not encourage exporting part of the job to foreign fabrication yards.

Speaking to journalists in Lagos on LADOL’s capacity and capability to handle the project, the Executive Director of the group, Mr. Bolaji Akinola, said the attempt by some contractors to misrepresent the portion of the job to be domiciled in Nigeria was self-serving.

Akinola said the partnership between LADOL and Samsung Heavy Industries of Korea, which is currently carrying out the fabrication of the Egina FPSO, is a major step forward for the growth of indigenous capacity in Nigeria’s oil and gas industry.

He stated  the ongoing expansion to include FPSO integration was an extension of the development and upgrade of its facilities for which LADOL had invested millions of dollars.

Akinola disclosed that LADOL had been assessed technically and commercially by all the International Oil Companies (IOCs) operating in the country, adding that its impressive track record had won it major contracts from these multinational companies.

He noted  LADOL and Samsung would be collaborating with the existing yards such as Dorman Long and Aveon Offshore to maximise the local content value in the Egina FPSO project.

“In fact, we have been assured that the massive fabrication that will be needed for the current and future FPSOs will be carried out in fabrication yards within the Niger Delta, including Warri, Port Harcourt and Yenegoa, before the pieces are shipped to LADOL for integration. Technology transfer is assured as LADOL and Samsung are building a state-of-the-art training centre, which will provide Nigerians with the necessary skills to work in the offshore industry,” he said.

According to him, LADOL is a $500million company with fully operational maritime and logistics base, which services the largest companies in the oil and gas industry.

“Samsung on the other hand, is the world’s most technologically advanced FPSO fabricator and integrator. The fact that they are bringing this technology to Nigeria is also to be widely acknowledged as a great local content milestone. Since Samsung has partnered a 100 per cent indigenous Nigerian company, Samsung is clearly serious about working with and training Nigerians,” he added.

Akinola also stated that LADOL is the currently the largest rig repair facility in Nigeria, adding that for the first time in the history of the country’s oil and gas industry, a complete overhaul of shallow water rigs was being done in this country at LADOL.

He noted that the partnership between the two companies was the first of its kind in the history of the oil industry, stressing that LADOL’s qualification to host the Egina project was affirmed after an international due diligence.


Information from This Day was used in this report.