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LADOL to construct N57bn Egina FPSO platform

By Mariam Eko

The Lagos Deep Off-Shore Logistics (LADOL) base has concluded plans to commence the construction of a Floating Production Storage Off-loading (FPSO) integrated platform for Egina project.

Already, LADOL has earmarked a sum of N57billion for the construction of the platform at its base in Apapa Lagos.

Disclosing this to newsmen in Lagos, Managing Director of LADOL, Dr Amy Jadesimi said that her company’s competence in handling the first-of- its-kind project in Africa, is no longer in doubt as government has granted the JV all necessary approvals to commence work in earnest.

The project which is being handled in a Joint Venture (JV) partnership between Korea-based world acclaimed Samsung Heavy Industries (SHI) and (LADOL) is expected to be completed in early 2015 The JV seeks to undertake the integration of a world class FPSO platform.

Dr Jadesimi who led newsmen on a facility tour of the fabrication site at LADOL base in Lagos, noted that the choice of her organization for the unique project was informed by its track record in servicing major oil and gas companies’ logistics requirements one of which was the final integration of the famous Agbami oil field facility.

According to her, series of findings and vessel simulation carried out along the Apapa ports coastline has revealed that apart from being the only fully indigenous-owned body of its kind in the country, LADOL base is most ideal site in Nigeria for berthing a vessel the size of an FPSO.

She revealed that LADOL which is an International Ships and Ports Security (ISPS) certified facility has all relevant government agencies’ permanently present in the Zone.

They include the Nigerian Export and processing Zones Authority, Nigerian Customs Service, Nigerian Immigration Service and the Nigerian Ports Authority (NPA).

“LADOL is already servicing oil and gas majors, contractors and service companies. The largest FPSO in Nigeria – Agbami – was supported by and from LADOL”, she said.

Describing the process of getting government’s nod to commence the project as “a long, costly and difficult road to success”, Dr Jadesimi listed the various approvals to include: Designation as Deep Offshore Logistics Base, part of Apapa Port, NPA Approval for SaNTA – Training Facility in LADOL which was obtained on 17th January 2013, as well as NPA’s Preliminary Approval for FPSO Facility in LADOL, also gotten on14th of December 2011.

She disclosed that other approvals includes NEPZA Planning Approval for FPSO Facility which came on 28th Nov 2011; NPA Planning Approval for FPSO Fabrication Yard on 2nd August 2013; NPA Planning Approval for FPSO Quay for Integration.

Besides the series of approvals, she said her organization had to sign nineteen separate agreements with Samsung over three years with the active involvement of seven separate world class Nigerian and International Lawyers, Financial Advisors and Consultants.

 

 


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