LADOL to inject $500mn in logistics facilities

LADOL, inject, $500mn, logistics, facilities, NNPC, NAPIMS, Yakubu, FPSO

Nigeria's first indigenous privately-developed and operated deep offshore logistics base, the Lagos Deep Offshore Logistic (LADOL), has announced that it plans to spend over US$500mn (over N75bn) in building new logistics facilities for a Floating Production, Storage and Offloading (FPSO) integration quay and other dedicated services at the LADOL base in Lagos, just as the Nigerian National Petroleum Corporation (NNPC) has commended the organisation

Managing Director of LADOL, Dr Amy Jadesimi, disclosed the investment plan recently when a team from NNPC and National Petroleum Investment Management Services (NAPIMS) led by the Group Executive Director, Exploration and Production of NNPC, Eng. Andy Yakubu visited the base.

In her presentation to the NNPC/NAPIMS’s team, Jadesimi explained that the development of the base is one of the keys to making Nigeria the hub for deep offshore oil and gas in West Africa and to provide the support and environment needed to enable all upstream petroleum related activities take place in the country.

Jadesimi noted that the LADOL base is the first greenfield development of a deep offshore logistics base in Nigeria, which, according to her, is a one-stop-shop that will service the maritime as well as the oil and gas sectors.


She explained that the first phase of development of the base, which was completed in 2009, was the first new quay in the Lagos Harbour in 20 years. The LADOL Managing Director added that the one-stop-shop 24-hour logistics service base, which, she noted, has state-of-the-art facilities with a 200-m long quay and 8.5-me draught has generated N10bn in customs duties since operations commenced.

Development


She disclosed that the second phase of development at the base includes the development of Africa’s first FPSO quay of 600 m with 10 to 12 draught away from shipping lanes, provision of a 50-hectare fabrication yard with training school, engineering offices, outdoor/covered construction areas, workshop, paintshops and customised fabrication sheds, amongst others.

According to her, the fabrication yard will be used by indigenous fabricators and engineering companies such as Dorman Long, Delta Afrik and Netco which will enable technology transfer, increase the capabilities of indigenous fabricators and attract world class partners; “leading to true local content through Nigerians supporting Nigerians”.

Also speaking, the NNPC/NAPIMS team commended LADOL for its investment in the development of a 100 per cent Nigerian-owned maritime, oil and gas logistics base. Yakubu, who gave the commendation after a tour of the LADOL Base, said that the NNPC is proud to be associated with the company in its drive to ensure that the needs of the maritime, oil and gas sectors of the Nigerian economy needs are met locally.

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