Tag: LADOL

  • Ladol free zone investment hits $500m

    Ladol free zone investment hits $500m

    The Managing Director of Lagos Deep offshore logistic base (LADOL) Dr. Amy Jadesimi has stated the zone has attracted over $500million investment since existence 23 years ago. 

    Jadesimi stated this during a tour of the zone organised by the Nigerian Export Processing Zone Authority (NEPZA) in Lagos, stating that the zone is gearing towards creating 30,000 jobs in the next three years. 

    According to her: “The intent is to make Nigeria the hub for industrial activities for the entire African region. The zone which serves as a logistics hub for multinational industrial and offshore companies will soon diversify into agricultural processing, parts manufacturing, and other industrial activities.

    “We have had every challenge you can think of as a zone, we are developing infrastructure and facilities to overcome these hurdles. One of the biggest hurdles is the self-belief in Nigerians. Nigerians need to support each other, foreigners cannot get away with some of the negative things they do in their country, but because of lack of support for each other, they get away with a lot.

    “NEPZA is already doing a lot in the zones with its support and government backing. LADOL is a good example of how private sector can thrive with the support of NEPZA as government. 

    Read Also: Ladol, Samsung truce opens $300b FDI window

    “NEPZA monitors and safeguard the zones tying it to investments. They also ensure that activities of the zones are working according to Nigerian government rules and regulations,  for each step LADOL takes , NEPZA monitors as a government to ensure it is taking the right step. 

    “LADOL is poised to create an environment for local, international and multinational investors. NEPZA as government parastatal is to ensure the country becomes self sufficient and becomes a supplier of industrial, Agricultural materials and services to the world. Ladol has had its challenges but remained focus through it all.”

  • Fatal Shooting at LADOL free zone threatens Nigerian economy

    Can LADOL be trusted to run a private Free Zone or should the state intervene?

    On April 8, 2019, an operative of Nigeria Security and Civil Defence Corps (NSCDC) guarding LADOL Free Zone shot and killed his Nigerian colleague, and then went on to shoot a Korean SHI-MCI employee who died on April 10, from the severe injuries he sustained.  Eye-witness accounts describe the incident as an entirely unprovoked and deliberate attack.

    Due to investment by SHI-MCI/ Samsung Heavy Industries (Nigeria) in world-class CCTV security cameras, a crystal-clear picture of the tragedy is available.

    This shocking footage shows the gunman shot his colleague dead with three shots. He then calmly walked to the crawler crane where a Korean SHI-MCI employee was working and raised the gun upwards and shot him. The Korean employee died in hospital a few days later.

    The police have reportedly confirmed that the gunman will be prosecuted for his crime of murder. However, the investigation and accountability must not stop with him.

    Who is primarily responsible for these senseless killings and how can reoccurrence be prevented?

    Unless these vital questions are answered, there is an unacceptable risk to Nigerian and foreign workers in the LADOL Free Zone. Foreign investment in Nigeria will be at risk unless the Federal Government can guarantee the safety of expatriate employees working in the country.

    NEPZA Regulations and LADOL Regulations require that the LADOL Free Zone Manager, Global Resource Management Free Zone Company (GRMFZC) – a LADOL subsidiary, is required to provide security over the LADOL Free Zone. SHI-MCI had previously argued that armed guards were unnecessary and presented risk to Korean and Nigerian employees and to the guards themselves. However, the condition of armed guards was imposed by LADOL, nonetheless.

    The gunman was deployed to GRMFZC/LADOL by the NSCDC. However, as the zone manager, LADOL/GRMFZC is fully responsible for the security provided to occupants of the Free Zone.

    LADOL has so far failed to take any responsibility for this tragedy. On the contrary, in a press statement issued to media on April 18, 2019, LADOL still makes several false claims.

    First, it still claims that the shooting was in error despite the CCTV and eye-witness accounts demonstrating that this was a deliberate shooting.

    Secondly, it described this incident as an ‘isolated incident’ when SHI-MCI had filed several complaints of disorderly and intimidating conduct of armed security guards towards its Korean and Nigerian employees.

    Finally, LADOL also claims that the incident was contained entirely within the fabrication and integration shipyard in LADOL.

    This is false as the CCTV shows that the gunman claimed the lives of two people at SHI-MCI yard and was able to escape into an open area of LADOL Free Zone while still carrying his gun.

    He presented serious risk to all workers in the LADOL Free Zone, local and international had he not been detained by SHI-MCI FZE employees and other LADOL guards.

    LADOL’s false statements to the media seem to be designed to downplay the seriousness of this incident. They have been repeated even when shown to be false by incontrovertible CCTV evidence that this shooting was deliberate and that the gunman left the fabrication and integration yard of SHI-MCI FZE. If LADOL continues to issue false statements about this incident, then the risk to Nigerian and foreign workers at the yard remains high.

    What was the root cause of this shooting and what can be done to address the cause?

    The police investigation into this matter continues. SHI-MCI had reportedly paid an annual salary of $181,606.33 for six LADOL armed guards to the LADOL management before LADOL halted all service provisions to SHI-MCI in September 2018. However, it has been alleged that the gunman had mentioned about unpaid wages during the police interrogation. It makes one to wonder if the money that was paid by SHI-MCI for the armed guards provided by LADOL had really been paid to the armed guards properly-also what has LADOL done for the welfare of Nigerian workers in their company?

    In the weeks running up to this incident, SHI-MCI employees reported hungry Nigerian guards approaching them and asking for food, as they had not been fed properly and had no money to buy food. Sources close to the incident say that the shooting was an unavoidable consequence of years of mismanagement and mistreatment of Nigerian workers by LADOL.

    Any independent or Government investigation must look at whether there is a connection between LADOL’s possible mismanagement or ignorance of the Free Zone, alleged maltreatment of Nigerian workers, and the murders on April 8, 2019.

    Will LADOL take responsibility and address the cause of this incident to reduce risk of reoccurrence to Nigerian and foreign workers?

    The day after the shooting, SHI-MCI wrote to Dr Amy Jadesimi, the Managing Director of LADOL asking LADOL/GRMFZC to take responsibility for the incident and for a thorough investigation into those who might have committed criminal acts, including vicarious responsibility.

    In 2018 LADOL became the first company in West Africa to be awarded International Organisation for Standardisation (ISO) certifications recognising international best practice in areas including risk-based thinking and occupational hazards.

    Commenting on these certifications at the time, LADOL’s Managing Director, Dr Amy Jadesimi said that soon LADOL will not only, “exceed international standards, it will set them.”

    Many feel Dr Jadesimi’s words now have no meaning – she has been totally silent since the shooting. Other than the formal statement expressing mere condolences to the victims, she has failed to admit or accept the responsibility for the occurrence of the shooting incident, nor made any statements providing fundamental measures to prevent the tragic incident from happening again.

    There were also no remarks about extending compensation to the victim’s families. She has not visited the Free Zone to review security or to reassure workers. She has done nothing to ensure that the risk of a further incident of violence against Nigerian or foreign workers in the LADOL Free Zone is reduced.

    LADOL top management and the Board of Directors did not visit the crime scene or the hospital where the victim was battling for his life from the injuries he sustained from the gunshot. There was no direct initiation from LADOL to pay condolences or give word of comfort to the victim’s family nor to Samsung.

    Questions will surely be asked about whether LADOL meets international standards of risk management and the requirements of ISO certification.

    Dr Jadesimi was named a Young Global Leader by the World Economic Forum in 2013. Many now view her silence, and LADOL’s false statements and refusal to accept responsibility, as outright failure of leadership and a failure to meet international standards of safety for Nigerian and foreign workers.

    SHI-MCI has repeatedly called for justice for the victims, demanded that LADOL take responsibility, and for measures to improve safety and security in the LADOL Free Zone.  LADOL refuses to take responsibility. It is therefore impossible to see how there could be improved safety and security at the LADOL Free Zone without Government intervention.

    Sweeping this tragedy under the carpet risks a repeat of the incident.  If LADOL continues to make false statements, refuses to take any responsibility, and address the cause of these horrific killings, the risk of violence will continue. If this continues, SHI-MCI has indicated that it will be compelled to reveal the CCTV footage to public. Only a fair, transparent and timely investigation by the Nigerian Government into what took place and how to reduce risk to Nigerian and foreign employees will reclaim Nigeria’s imminent reputation damage in the international community.

    ..Akpan-Etukudo, an investment advisor, writes from Warri

  • Korean dies from LADOL shooting incident

    A Korean employee of SHI-MCI FZE shot by an officer of the Nigeria Security and Civil Defence (NSCDC) guarding the LADOL Free Zone in Lagos on Wednesday died from injuries sustained from the shooting incident.

    Samsung Heavy Industries (SHI) said in a statement on Wednesday night the deceased suffered multiple injuries to key organs.

    It regretted despite the battle to save his life at the hospital by medical experts, he succumbed to death from injuries he sustained.

    According to the statement, the LADOL Free Zone armed security guard first shot and killed his colleague during an argument on Monday at the SHI-MCI FZE yard.

    “The gunman then went on a rampage around the SHI-MCI yard before shooting the Korean employee who was conducting maintenance work in a crane in the zone.

    “This was an entirely unprovoked attack as the employee was not involved in the original argument between the gunman and his colleague,” SHI lamented.

    Following the shooting, the Korean was evacuated to Lagoon Hospital Ikoyi, where he underwent surgeries for two days.

    Read also: NSCDC to investigate killing of operative by colleague in Lagos

     However, he suffered severe damage to his kidneys and intestines from the gunshot and sadly died on Wednesday evening despite the best efforts of the doctors and nurses treating him.

    SHI said: “We are extremely shocked and saddened at the turn of events. We send our sincerest condolences to his family in Korea and are providing them with all the support they require.

    “We thank all the expert medical personnel that fought so hard to save his life.

    “Samsung will work tirelessly to ensure the gunman is brought to justice. We will also ensure that LADOL are held accountable for organisational and management failing that allowed the gunman to carry out this terrible crime in the LADOL Free Zone.

    “We are conducting a full investigation and demand answers from LADOL as to how this employee was screened and what protection they can offer to workers within the LADOL Free Zone who are now extremely concerned for their safety and welfare.

    “This incident has exposed the security lapses in the LADOL Free Zone which has led to the loss of a Nigerian and a Korean.”

    The firm revealed the Korean Ambassador has contacted the Ministry of Foreign Affairs, demanding “a prompt and fair investigation into what happened and to ensure the safety of Koreans who live in Nigeria.”

  • Egina FPSO: LADOL denies Samsung’s $300m FDI claim

    Lagos Deep Offshore Logistics Base (LADOL) has accused its local content partner in the fabrication and integration of the $3.1billion Egina FPSO and the parent company of SHI MCI FZE, Samsung Heavy Industries Nigeria (SHIN) Limited,  of misrepresentation. Its claim that it made a foreign direct investment of $300 million into Nigeria during the construction of the fabrication and integration yard in LADOL Free Zone is being considered.

    Its counsel, Fidelis Oditah (SAN), said that contrary to Samsung’s claims, SHI was paid as a contractor to build the fabrication and integration facility at LADOL as a part of the Egina FPSO package contract.

    Samsung, he insisted, is a contractor not an investor in respect of the facility, adding that it invested nothing in the construction of the yard.

    According to him, “In summary, Samsung committed at least three frauds and misrepresentations in connection with the June 2014 Settlement Agreement in order to induce LADOL to surrender its 80 per cent equity ownership of SHI MCI FZE and the fabrication and integration facility: The first is the fraud by which Samsung took LADOL’s equity in SHI MCI FZE and gave itself 70 per cent ownership of a fabrication and integration facility which was approved by the FGN and funded by Total as the poster child of Nigeria’s local content policy in respect of the Egina FPSO project.

    “Samsung thus misappropriated a local content facility and claims it owns facility that with which it could do as it pleases. This is a massive fraud against LADOL and Nigeria by depriving LADOL and Nigeria of a capacity development project which they had planned to use to benefit Nigeria by attracting other investments and creating at least 50,000 direct and indirect jobs. Similarly, by completely excluding LADOL from the facility, Samsung ensured that there was no technology transfer to Nigerians.”

    He added, “The second misrepresentation is that there was no US$214 million provision in the Egina FPSO contract allocated to the construction of the new fabrication and integration facility at LADOL, with which fraud and misrepresentation it procured LADOL to surrender its 80 per cent ownership of SHI MCI FZE, the fabrication and integration facility owning vehicle.”

    According to him, there are three aspects to the dispute between Samsung and LADOL. “The first is the ownership of SHI MCI FZE, which is a joint venture between LADOL and Samsung formed to perform the Egina FPSO EPC contract between Samsung and Total Upstream Nigeria Limited (Total). The second aspect is SHI MCI FZE’s sublease agreement with a LADOL affiliate, Global Resources Management Limited (GRML). The third is SHI MCI’s operating licence as a free zone enterprise within the LADOL free zone. Samsung, on the other hand, has remained consistent in its assertion of ownership of the fabrication and integration facility on the basis that it had singlehandedly funded the construction of the facility, which it claims to be US$300 million, “he said.

    Samsung has however, remained consistent in its assertion of ownership of the fabrication and integration facility on the basis that it had singlehandedly funded the construction of the facility, which it claims to be US$300 million.

    It described as false, a claim by the management of LADOL Free Zone in Lagos that the integration and fabrication yard in the free zone does not belong to Samsung, saying it invested $300 million to build the yard.

    The company maintained that it did not receive any money from any international oil company (IOC) to build the yard in LADOL free zone.

    “This issue has even been brought in the Senate and has been cleared years back. However, LADOL brought this issue back to light to make their name famous by using Samsung as a leverage. For the record, SHIN did not receive any money from any IOC for the establishment of the yard. One hundred per cent of the investment was made by SHIN’s own money. LADOL has not invested any cent into that yard and SHIN is fed up with LADOL’s mis-representation, ”it stated.

    SHI, which also accused LADOL of misleading its lawyer, also described as unethical, the statements credited to the lawyer on matters that were already before the courts.

  • LADOL invests over $500m, says ED

    Lagos Deep Offshore Logistics Base (LADOL), an industrial free zone and logistics base, located in Lagos, has spent over $500million on facility development in the free zone, including a fabrication yard, its Executive Director and Head of Business Development, Jide Jadesimi, has said.

    The company said it is building over 10,000 square metres new workshops, ware houses, lay down area and other special requirements for its clients. Jadesimi said the model would provide the platform other Nigerian companies could plug into.

    This, he said, would save the companies the capital expenditure of setting up workshops and facilities for themselves and deliver cost-saving services to clients. He described it a win-win situation, adding that the company was established to enhance local content capability for itself and other companies.

    Jadesimi said this would allow the company to service its clients and boost the Federal Government’s ease of doing business as well as attract foreign direct investment into the economy.

    Speaking on the theme: “The role of Nigeria’s local content policy and its impact on sustainable economic value creation”, at a breakfast meeting, organised by the Nigerian-American Chamber of Commerce (NACC) in Lagos, Jadesimi said LADOL had been greatly supported and enhanced by the establishment of the Local Content Act.

    He admitted that the Act had enabled the company to develop a facility that could support the Nigerian logistics market as well as the West African sub-region. It is actually to promote the development of more fabrication yards where world class vessels can be done, for instance, the Egina project.

    The company, Jadesimi said, is currently in talks with some neighbouring African countries on the execution of upcoming floating production, storage and offloading vessels (FPSOs) and other massive industrial projects.

    According to him, the fabrication yard is a multi-sector one and not only for oil and gas projects. We also fabricate railway tracks, we can fabricate car parts and do work on bridges. It is about maximising the potential and making sure that this yard is a Nigerian asset and critical such that it is beyond Egina.

  • Spurious charges allegation rocks LADOL

    Foreign investors, including international oil companies (IOCs), at the weekend in Lagos, alleged that they are being charged spuriously at LADOL.

    Some of the firms expressed concern that with such charges, the business environment has not improved despite the Federal Government’s claim that policies have been  in place to make the country an investment haven in Africa, especially in the oil and gas industry

    A source told The Nation that Samsung Heavy Industries (SHI) of South Korea, which is building Total’s Egina floating production, storage and offloading (FPSO), is a victim of such huge unlawful charges.

    As a local content vehicle, SHI was mandated to work with LADOL by integrating some modules at the free zone fabrication yard in Lagos. LADOL is, however, alleged to be taking undue advantage of the partnership.

    LADOL, it was learnt, slammed a levy of $33 million on SHI, which it (LADOL) claimed is one per cent Free on Board (FoB) charge for the integration of the over $3.3 billion FPSO at its  free zone.

    The SHI-MCI FZE, it was learnt, has been denied renewal of its operating licence without cogent reasons even after investing over $300 million.

    The SHI-MCI FZE is joint venture of SHI-MCI Free Zone Enterprise, set up by LADOL and SHI. The SHI-MCI Free Zone Enterprise was designed to be Africa’s largest vessel fabrication and integration facility and Egina FPSO is first of such project to be executed at the yard.

    When contacted, the Managing Director of LADOL, Dr. Amy Jadesimi, said the firm will respond appropriately. She said: “We will be putting out a full statement next week. However, we would never ask for that kind of payment if it was not a statutory payment, with all approvals and directives from government.

    “LADOL has been investing in local content since 2001 and our commitment is stronger than ever. It is important not to let false information and attempts at blackmail to spoil the huge local content achievements of this projector to negatively impact future projects.”

    Sources close to the top management of LADOL who didn’t want to be mentioned, however, insisted that all the charges are statutory.

    The source saidd: “The enterprise is all aware of the charges before they commenced operation; that is to say nothing is hidden about it. To put it squarely, they are nothing short of standard government’s charges. We should be weary of the antics of some foreign companies operating in Nigeria. Don’t get me wrong, a lot of them are good corporate citizens of the countries they represent.

    “So when you are doing business in Nigeria and benefitting from multi-billion dollar contract, you should not seek to avoid statutory charges or engage in the quest for special waivers; when you do this, you are flouting the laws of the land, which LADOL should not be part of.

    “It is not a mean feat that we succeeded in ensuring that integration of Egina in Nigeria for the first time. We went through the hurdles and that has placed us in a position as the first of its kind in sub-Saharan Africa and this has changed the narratives in the oil and gas service business in Nigeria.

    “There is no way you can achieve this feat without a fight. We are happy with what we have done and what we are still doing. We know that government will support us to do more in adding value to the economy.’

  • Ladol mulls listing on NSE

    Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand its facilities and get more business from major production companies.

    Family-owned Ladol, where Samsung Heavy Industries Co. Ltd. is completing the construction of one of the world’s largest floating oil platforms for Total SA, will look to raise capital over the next two years, its Managing Director said yesterday.

    “We are very open” to tapping public equity and debt markets, Amy Jadesimi said in an interview without disclosing how much she wanted to issue. “The Nigerian Stock Exchange has done a lot to restructure in the last few years to make themselves attractive to a company like ours, so we will definitely consider that. We will consider listing on the bond market too,” she said.

    Ladol aims to build more infrastructure on its roughly 100-hectare (247-acre) free trade zone on an island across from Apapa, Lagos’s main port. That include roads, quay walls and fabrication equipment, according to Jadesimi, a trained doctor and Stanford graduate who used to work on mergers and acquisitions at Goldman Sachs Group Inc. The company wants to attract manufacturers outside of oil and gas, including in the railway and aviation sectors, she said.

    Total’s $4 billion Egina floating production, storage and offloading vessel is docked at Ladol. Construction of the FPSO, which is designed to hold 2.3 million barrels of oil, began in South Korea, before it was shipped to Ladol in January for the final stages. It is scheduled to set sail in July for the Egina deepwater field, which is about 80 miles off the Niger River delta coastline and will produce 200,000 barrels a day.

  • LADOL mulls 50mw gas -fired plant

    LADOL mulls 50mw gas -fired plant

    The Lagos Deep Offshore Logistics (LADOL plans  to generate 50 megawatts (mw) of electricity to boost power supply in the country, its Managing Director, Miss Amy Jadesinmi, has said.

    Speaking during a tour by officials of the Nigeria Export Processing Zones Authority (NEPZA) to the base in Lagos, she said the plant would not only boost available generation, which is grossly inadequate to meet local needs,  but would also be an added boost to capacity development in-country.

    She said the building of the plant would be in phases, adding that when the plant is completed, power supply would increase averagely in areas where the plant is sited.

    Jadesimi said: “We are building a 50Mw power plant in phases. The first phase is 24Mw, which will be ready in about 18 months from now.”

    On the gas feedstock to fire the gas plant, she said LADOL was in agreement with two gas firms to guarantee the steady supply of liquefied natural gas (LNG) to generate the output.

  • LADOL, Immigration to check influx of expatriates

    LADOL, Immigration to check influx of expatriates

    Lagos Deep Offshore Logistics (LADOL) and the Nigerian Immigration Service (NIS) are seeking ways to curb influx of expatriates into the oil and gas free trade zones across the country.

    The development resulted in a meeting between the Nigerian Immigration Service and LADOL management in Lagos. The discussion centred on how to improve the operation of the nation’s oil and gas by improving indigenous participation in the sector.

    The Nigerian Immigration Service, Comptroller General, Mohammed Babandede, said the command would help in promoting the participation of Nigerians in the energy and other sectors.

    He said NIS would tighten its noose on Oil and Gas Free Trade Zones (FTZs) to make it difficult for expatriates to unduly come into the zones.

    He said the body has decided to embark on strict monitoring of the zones after seeing the job potentials in some of the Oil and Gas Free Trade Zones in the country, especially LADOL Free Trade Zone.

    He said the agency is taking this step  to prevent immigrants or foreigners from taking over some oil and gas jobs, and further promote the local content policy of the Federal Government.

    According to him, it is imperative to look into the activities of foreigners that are coming into Nigeria in order to ascertain their level of fitness.

    Babandede said Nigeria has enough experts to work with, adding that the country should by 2040 be exporting its labour to other countries instead of allowing illegal expatriates to come and take its jobs.

    “The country boasts of experts, mainly graduates that can provide services, hitherto rendered by expatriates.  Technology transfer is stimulating the growth of the economy and Nigeria is benefiting from this idea. NIS, as a service, must assist in providing jobs and safety of the country. Things have changed in Nigeria. Business is not done the way it is being done before.

    “Business is no longer based on corruption.  There is a vision that would take Nigeria to another level. As law enforcement agency, we want to be part of that vision.  We do not want to see ourselves as people who wear uniforms and berets only. We want to see ourselves as contributing to the economic development of the country.  We want to see ourselves as law enforcement agents that would provide jobs and make the society safe,” the NIS boss added.

    He said the Immigration would partner with other law enforcement agents, the management of LADOL Free Zone, technocrats, investors and other stakeholders to protect jobs in the country.

    The Managing Director, LADOL, Ms Amy Jadesimi, reiterated the need to create more jobs in the oil and gas free trade zones, adding it is imperative to move the economy forward.

    She said this can only be possible when foreigners were thoroughly screened before they were allowed into the country, noting that some foreigners do not have the required papers to stay in the country.

    She said the firm has created more jobs for Nigerians than expatriates, adding that LADOL would keep to its vision of providing jobs in the country.

  • NCDMB benchmarks deepwater projects on Total, LADOL record

    NCDMB benchmarks deepwater projects on Total, LADOL record

    The Nigerian Content Development and Monitoring Board, (NCDMB), has directed international oil companies (IOCs) and promoters of new deepwater projects in Nigeria to exceed the benchmark attained by Total Exploration and Production Nigeria Limited.

    Lagos Deep Offshore Logistics Base (LADOL), is fabricating and integrating part of Total Egina field’s floating production, storage and offloading (FPSO)  vessel at its yard in Lagos.

    The Executive Secretary, NCDMB, Simbi Wabote, who spoke in Lagos after inspecting facilities of Samsung Heavy Industries (SHI), the main contractor for the Engineering, Procurement, Construction and Installation (EPCI) of the FPSO scope on the Egina project at LADOL base, said IOCs and promoters of new deepwater projects in Nigeria should deliver Nigerian Content milestones that would exceed in-country integration of FPSO platforms. This is because Total Nigeria’s Egina deepwater project, which will be integrated at the LADOL Free Trade Zone, has become the benchmark for Nigerian Content on deepwater projects, hence forthcoming projects have to break new records, he added.

    He said in-country integration of the FPSO and fabrication of six modules of the vessel created, 5000 direct jobs and 5000 indirect jobs. Increased domiciliation of future FPSO projects through the fabrication of more modules would create additional jobs, estimated to reach 30,000, he added.

    According to Wabote, the Board would not rest on its oars with regard to the implementation of the Nigerian Content Act, adding that “new projects must look at doing FPSO integration and more; we must add something to our achievements.”

    Six modules of the Egina FPSO were fabricated in-country across some yards, whereas 12 modules were welded at Samsung’s base, Geoje, South Korea. He stated that “for next FPSO, more modules must be fabricated locally.”

    Wabote expressed satisfaction with level of investment and the utilisation of local workforce at the LADOL base, describing the project as an example of possibilities, and assured that the Board will continue to work with industry stakeholders to develop new projects and domicile more work in-country.

    The Chief Operating Officer, SHI Nigeria, Mr. Frank Ejizu, explained that the Quay side was ready to receive the FPSO, noting that the tracks have been certified. On the workforce, Ejizu stated that 364 Nigerian welders have been qualified and awarded international certifications with which they can work anywhere in the world.

    The NCDMB chief also visited the facilities of Dover Engineering, JC International and Thompson and Grace Limited, all located at Port Harcourt, Rivers State. He explained that his visits to oil and gas facilities across the country were aimed at assessing capacities and confirming that Nigerian companies have firm footing in their  areas of operation.

    According to Wabote, information and observations gathered from the visits will be used during tenders and in planning for capacity development. He also promised to enlighten IOCs and project promoters on existing in-country capacities and ensure their utilisation during projects.

    At Dover Engineering, Wabote noted that experts in offshore designs, FSPO designs and detailed engineering were in high demand and engineering companies must develop strategies to retain them so their competences will not be lost. He praised the company for forming a consortium with other engineering firms to deliver major projects, charging other service companies to emulate the model.