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LADOL, Samsung to establish N51bn vessel fabrication facility

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Godwin Oritse

The Lagos Deep Offshore Logistics, LADOL and Samsung Heavy Industries SHI, have formed a partnership to establish a N51 billion vessel fabricating facility.

The facility with quay length of approximately 520 meters, depth of 13.5 meters and heavy lifting area of 5,000 metric tons is designed to become Africa’s largest vessel fabrication and integration facility and will create 50,000 new jobs in Nigeria.

Commending the joint project, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke said that “the project will certainly add value to the economy.”

The facility, which is the first fabrication and integration yard in Africa, has a total area of 121,000 square meters consisting of an assembling area, a painting shop, utility and warehouse area with a production capacity of 10, 000 metric tons.

Speaking during the groundbreaking ceremony of the new enterprise located within the LADOL Base in Lagos , Alison-Madueke said that on completion by October 2016, the facility will be capable of fabricating 1,000 tons per month as well as integrating the Egina FPSO and other FPSO projects expected to be undertaken in the country.

“We are happy at this ground breaking ceremony which is the beginning of the journey to full completion of the mega-fabrication and integration yard at LADOL.  This is a major milestone in our drive towards building capacity which will be a big boost and will be of benefit to the upcoming deepwater development projects.

“With the initial hitches in progressing this development now gone, it is our hope that the yard construction work will continue as planned to enable the delivery of the Egina FPSO project as scheduled and have the first FPSO integration done at this mega-facility in Nigeria as well as to commence a new era of it being a hub for the entire Africa region,” the Petroleum Resources Minister, who was represented by the Group General Manager, National Petroleum Investment Management Services (NAPIMS), Engr. Jonathan Okeh, stated at the groundbreaking ceremony.

The Minister explained that in addition   to increasing the size of fabrication, engineering, procurement and raw materials market in Nigeria, the facility which she described as a huge local content milestone would also generate 50,000 direct and indirect jobs for Nigerians.

Speaking in similar vein, Managing Director of LADOL, Dr. Amy Jadesimi said: “We have been developing the facility for 13 years and the ground-breaking today is a real watershed moment.

 

 

 

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