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Ladol’s $600m facility to buoy Nigerian, British trade

By Sulaimon Salau
03 August 2016   |   1:59 am
The United Kingdom (UK) has indicated interest in increasing the trade relationship with Nigeria through the $600 million Lagos Deep Offshore Logistics (LADOL) base in Apapa, Lagos.
FPSO intergration facility, Apapa, Lagos.

FPSO intergration facility, Apapa, Lagos.

The United Kingdom (UK) has indicated interest in increasing the trade relationship with Nigeria through the $600 million Lagos Deep Offshore Logistics (LADOL) base in Apapa, Lagos.

The newly posted UK Trade Envoy to Nigeria, John Howell, who revealed this plan during the official visit of a high-powered British government delegation to LADOL recently, said the partnership would aid development of companies and enhance growth of both economies.

The seven-man delegation was led by Howell and accompanied by the United Kingdom High Commissioner to Nigeria, Paul Arkwright and his acting Deputy High Commissioner, Ahmed Bashir.

The team was received by the Managing Director of the indigenous logistics service provider, Dr. Amy Jadesimi, who conducted them round the base where LADOL is currently playing host as the local content partner- Samsung Heavy Industries (SHI) in the fabrication of a $3.8 billion oil platform.

Howell who expressed delight at the level of jobs being done in the yard said his country would be willing to partner with LADOL possibly in the areas of finance, trainings and technological transfer.

“I am here because I’ve just been posted as the UK Trade envoy to Nigeria. As sign of commitment that UK has to Nigeria, and the way to develop trade between our two countries.

“We are hoping to bring in here the expertise that is in place in UK, to be able to work with Nigeria companies, to be able to take advantage of that to the benefit of all, because the more the prosperity that is generated in Nigeria, the better for the British government as well”, he said.

The envoy who lauded the undertaking of the Egina Floating Production Storage and Offloading (FPSO) at LADOL base, described the facility as meeting global standards in modern oil and gas operations.

“From what I’ve seen here, I’m very impressed with the facilities here, the state of the art equipment, some of the very best you can find anywhere, and we are told its first of its kind in the whole of Africa. That speaks volumes of Amy’s visionary approach towards the whole idea of investments and developments here which I’m sure is going to take the centre stage in the future.

“With this project as first of its kind here, it tells me that we (UK) are dealing with somebody who is very visionary about how to address issues of development in Nigeria. It tells us about somebody who is in the fore-front of being able to galvanize the finance, the interest of companies around the world to be able to put together, such an enormous operation… that has fantastic confidence in itself which is something I think we desperately need to bring to Nigeria” he said.

While calling on the Nigerian government to continue to support LADOL in sustaining the development, the envoy said the outcome of his visit has put him in a good stead to adequately advise his home government as well as British companies to partner with Nigeria in bringing further development to the country.

“Looking at initiatives such as this, I can confidently go back and talk to some of our companies, particularly in the oil and gas industry to consider partnership with LADOL. They (should) not just work on what they see on paper, but what is actually happening on the ground… and that spells volumes to companies to actually see somebody that’s been there at top stage and can really talk about it” he said.

Jadesimi was however boastful that LADOL is a leading 100 per cent indigenous firm, particularly in the oil and gas industry, was developed from the swamp about a decade ago.

She said apart from creating and domesticating jobs as well as contributing immensely to customs revenue generation, the base has no doubt reaffirmed Nigeria’s position as oil and gas hub in West Africa.

While expressing delight at the visit of the UK team, Jadesimi expressed optimism that the development would help in informing British companies and the world at large, that the oil and gas service sector in Nigeria is ready to fully take its pride of place.

“This was the first visit of the British Prime Minister’s Trade Envoy to Nigeria, the MP John Howell. The fact that LADOL was one of the few facilities he visited makes us proud and we aimed to show the British Government the many opportunities there are for investment in Nigeria and the significant benefits British companies would gain by being in Nigeria which will become West Africa’s hub’ she said.