LADOL, Samsung prepare to receive $3.8b Egina FPSO

Preparations are at advanced stage by the Lagos Deep Offshore Logistics (LADOL) and Samsung Heavy Industries to receive the $3.8 billion Egina Floating Production Storage and Offloading (FPSO) vessel for proper integration of six modules fabricated in Nigeria.

The officials of both firms confirmed to The Guardian recently that the construction works have reached advanced stage on the six modules fabricated in-country, as it currently awaits the mother vessel billed to arrive Nigeria by second quarter of 2017.

Already, LADOL has further dredged its waters to about 11.5 meters depth to allow for a confortable sail away of the giant vessel that would be coming from Geoje, South Korea.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye, who was in the fabrication yard inspected the progress on the FPSO, commended the remarkable progress on the project.

Kesiye said: “This is the first FPSO project that we will have in Nigeria. In future, nobody can tell us that we cannot do it. We will continue to work in line with the law. We have fabricated six modules now, I believe the next job will be more than this,”

He enjoined the fabrication companies to boost their capacity to handle bigger jobs in the nearest future.

Managing Director, Ladol, Amy Jadesimi, said: “We are moving on schedule, and we are committed to support fabrication across the country because the more fabrication we do in Port Harcourt, Warri or Kaduna, the more integration job for us. This is a non-stop train and it is fantastic for local content”