LADOL advances in $3.8b Egina FPSO vessel construction

The Lagos Deep Offshore Logistic Base (LADOL) is blazing the trail in the quest for local capacity development in the country as it advanced with the construction of the world-class Floating Production Storage and Offloading (FPSO) vessel.

The indigenous oil and gas logistics firm is currently working on the sections of the FPSO at its Free Zone base in Apapa. The Managing Director of LADOL, Dr. Amy Jadesimi, said the yard is where the first ever locally fabricated Floating Production Storage Offloading (FPSO) project took place.

During a recent tour of the yard the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, she said the implementation of the $3.8 billion project in-country would boost capacity and aid the national economy.

She said: “This project is first of its kind in Africa and sitting at an indigenous facility like LADOL, speaks volumes of our national resolve and determination to take our pride of place as the regional hub.”

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