Samsung eyes future opportunities in Nigeria following Egina FPSO project

With the successful completion of the Egina Floating Production Storage Offloading (FPSO) unit and the achievement of First Oil in the facility, Samsung Heavy Industries, together with partners, could be justified in spending time looking back with pride.

According to a statement by the company at the weekend, the completion of the largest floating oil platform in the world, Egina, would be an achievement for any yard. It is all the more extraordinary given this is the first ship fabricated by the $300 million fabrication and integration facility, which itself was created to build this ship. Before Samsung’s fabrication and integration yard (known as the SHI-MCI yard) was completed, the only choice was to complete this work outside of Africa, removing opportunity and investment from Nigeria’s shores.

“Perhaps even more exciting than this direct opportunity for the best companies and workers is the potential it opens up for the country as a whole. As we all know, the oil and gas industry is growing across the whole of Africa, and that means many more floating oil platforms and other pieces of large equipment need to be repaired, maintained and built,” the company said.

Source: Vanguard

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