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Egina FPSO a testament to Nigeria’s industralisation drive, says LADOL MD

August 27
16:14 2018
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Amy Jadesmi, the managing director of Lagos Deep Offshore Logistics base (LADOL) says the successful launch of the Egina Floating Production Storage and Offloading (FPSO) to OML 130 is a testament to Nigeria’s industralisation drive.

Jadesimi in a statement released on Monday said the vessel which was partially fabricated and integrated, in Africa and the largest vessel to ever berth in Nigeria, was successfully launched from the LADOL Free Zone on Sunday.

Present at the launch of the vessel were Nicholas Terraz, managing director, Total Upstream Companies in Nigeria, Ahmadu-Kida Musa, deputy managing director, deep water, Total Exploration and Production Nigeria, Amy Jadesimi, LADOL MD and executives from Samsung Heavy Industries (SHI-MCI).

Key representatives from government agencies that were instrumental in the completion of the vessel at LADOL, including the Nigeria Export and Processing Zones Authority (NEPZA), the Nigerian Ports Authority (NPA), the Nigerian Customs Services and the Nigerian Immigration Services, were also present.

“We thank His Excellency President Buhari and his administration for doing away with the monopoly and putting in place an ease of business regimen that has ensured the successful execution and completion of this project,” Jadesimi said in the statement.

“At 05:00am NPA Tugs masterfully took the largest FPSO in the world out of LADOL Free Zone in Lagos Harbour to the open sea.

“Thank you to NPA and NEPZA for working together with us and taking giant strides forward, making Nigeria the West African maritime and industrial hub.

“This achievement is going to have its biggest impact on the industrialisation of Nigeria – particular in non-petroleum sectors.

“By completing this work on time and on budget we have demonstrated to the world that the most complex and challenging industrial projects in the world can be completed in Nigeria.”

The $3.3 billion Egina FPSO is on its way to the Egina oil field located in OML 130, 150km offshore Port Harcourt, Rivers state with a production capacity of 200,000 barrels of oil per day.

The oil field is controlled by Total Upstream Nigeria (24%) in partnership with CNOOC (45%), Sapetro (15%) and Petrobras (16%).

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