Nigeria:LADOL Free Trade Zone Makes A Giant Stride

The Management of the Nigerian Ports Authority
(NPA) has urged all stakeholders to ensure strict compliance with the country’s
statutory rules and regulations on the operation of newly-built Floating
Production, Storage and Off-Loading (FPSO) Egina.
The Managing Director of NPA, Ms Hadiza Usman,
made the plea recently while welcoming the new FPSO Egina at the LADOL Oil and
Gas premises in Lagos.
The News Agency of Nigeria (NAN) reports that
the FPSO Egina came into the country after a 90-day voyage from Samsung
Shipyard, Goeje, South Korea.
NAN also reports that FPSO Egina had a Length
Over All (LOA) of 330 metres,  and a Gross Tonnage (GT) of 219,800 tonnes.
Usman said that the FPSO vessel to be received
by NPA and Nigeria by extension showed that NPA could handle any vessel of such
She commended Total, LADOL Free Zone, the Free
Trade Zone Authority and Samsung Heavy Industry (SHI) for the synergy through
which the Egina emerged.


“Over the past couple of months, NPA has
embarked on massive investment which included the purchase of four tug boats,
the dredging of channels, as well as campaign for the removal of wrecks across
the nation’s waterways.
“We are doing all these to increase our
capacity for effective service delivery.
“It is important to note that the choice of
Lagos for this project is a confirmation of the good reasoning behind the
Federal Government’s Policy on Liberalisation of Oil and Gas Logistics
“We as a result, encourage prospective
investors to explore this and other opportunities that the reform of our
operations had engendered, as we assure of NPA’s willingness to facilitate
these ventures,’’ Usman said.
She said that the project would provide the
hub for the oil and gas supply chain within the sub-region.
Also speaking, the Executive Chairman of LADOL
Oil and Gas, Mr Oladapo Jadesimi, said that arrival of Egina FPSO being the
largest vessel ever to berth in West Africa, was a big step towards achieving
the vision and mission of the nation.
Dr Jamesimi (centre) on site
“Our shipyard is now on course to create
50,000 new jobs and attract billions of dollars in additional investment across
the country.
$500 million had been privately invested into LADOL, turning a disused swamp
into a world-class industrial free zone,’’ he said.
The Managing Director, Total Upstream Nigeria
Ltd, MR Nicolas Teraz, said that the engine would be producing oil at a depth
of 1,500 metres under water, saying that FPSO Egina was the largest floating
platform in the country at the moment.
“Over 60,000 tonnes of materials were
fabricated in Nigeria, out of which 12,000 tonnes, representing six modules,
were done in Lagos by LADOL,’’ Teraz said.