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LADOL partners Norwegian firms on oil, gas business devt

By Godwin Oritse
THE Lagos Deep Offshore Logistics (LADOL), an indigenous logistics service organization has commenced strategic partnership with multiple Norwegian companies towards oil and gas business development in the country.

The move was made known in Lagos when a delegation of the Nigerian/Norwegian Chamber of Commerce (NNCC), visited the LADOL base where they also called on the National Assembly to revisit the need to pass the Petroleum Industry Bill (PIB).

The team was received by the Executive Director of LADOL, Mr. Jide Jadesimi, who conducted them round the base where LADOL is currently playing host as the local content partner to Samsung Heavy Industries (SHI) in the fabrication of a $3.8 billion oil platform.

Jide who represented the Managing Director, Dr. Amy Jadesimi, said the base was developed as a Greenfield swamp by indigenous players about a decade ago, and that over $104 million dollars had been invested even before the company got its first contract.

According to him, the base is unique in its mode of operations in that it strives to cut capital flight, minimise delivery time that usually inhibit such projects when handled abroad,  as well as its drive to increase efficiency in the system.

He said the company has been able to effectively manage the success story of its operations considering its location which guarantees industrial peace as against the worrisome security challenges in the Niger Delta region of the country.

Assuring the visiting team of the readiness of the base to do business with the Norwegian companies, Jadesimi said the base is well fortified with all necessary government agencies such as the Nigeria Customs Service, Immigration Services, the Nigerian Navy, Ports Authority officials and a host of others who oversee due diligence in its operations.

“I can assure you that the future here is bright for Direct Foreign Investments, even though we have a few challenges which border on red tape, but these are issues that government is vigorously addressing,” he said.

Responding, head of the Norwegian team, Dr. Gulbrand Wangen who said the Chamber was representing over 200 Norwegian oil and gas companies that were desirous of partnering with Nigerian companies for business development.

Expressing delight at the operations in LADOL, he said the companies under his group were focused on oil and gas business development in five major countries of the world in which “Nigeria is one of them.



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