The Nigerian oil and gas industry will between now and year 2027 aspire to domesticate the full capacity and capability required for the integration of Floating Production Storage and Off-loading vessels (FPSO), Independent reports.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote said this at the public hearing conducted by the Joint Senate Committee on Petroleum Upstream and Gas, on Tuesday.

He noted that the FPSO is the biggest component of a deep-water oil and gas project and the fabrication and integration of the modules at any location spurs multi-dimensional development and creates thousands of jobs.

The new target for the industry, follows from the successful in-country fabrication of six modules of the Total Egina FPSO and scheduled integration of the modules on the FPSO at the SHI-MCI yard in Lagos in September 2017, the first time these feats would ever happen in Nigeria.