NCDMB, IOCs endorse LADOL’s Integration facility

Officials of the Nigerian Content Development and Monitoring Board, (NCDMB) and international operating companies have endorsed the vessel fabrication and integration facility being set up by the Lagos Deep Offshore Logistics Company (LADOL) and Samsung Heavy Industry (SHI) with a promise to support the facility.

A delegation led by the Acting Executive Secretary of NCDMB, Mr. Patrick Daziba Obah in company with Nigerian Content General Managers of the international oil companies and other stakeholders of the oil and gas industry recently toured the facilities of LADOL which is located in Apapa, Lagos State.

Welcoming the delegation, Chairman of LADOL, Mr. Ladi Jadesimi explained that LADOL and SHI formed a joint venture named SHI-MCI Free Zone Enterprise and were investing in the first deep water fabrication and integration yard in Africa.  The facility will be used primarily for the Egina Floating Production Storage and Offloading Vessel project.

According to him, the facility which would gulp about $300 million (about N51 billion) has a quay length of approximately 520 meters, depth of 13.5 meters and heavy lifting area of 5,000 metric tons. It also has a total area space 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.

The company had also accessed a loan of $15m from the Nigerian Content Development Fund (NCDF) in furtherance of the project.

Speaking further, Mr. Jadesimi expressed satisfaction that the project would contribute significantly to the advancement of Nigerian Content and generate 50,000 direct and indirect jobs in Nigeria.

In his remarks, the Acting Executive Secretary of NCDMB, Mr. Patrick Daziba Obah explained that the visit was geared to get Nigerian Content managers appreciate the investment made by SHI-MCI Free Zone Enterprise, noting that the Board was insisting on the domiciliation of industry work scopes and extracting legacies from major projects, adding that the vessel fabrication and integration facility was the culmination of the Board’s efforts.

In their separate comments, the Nigerian Content General Managers commended LADOL and SHI for the strides they had recorded, pledging to support the facility.