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Firm Sues Samsung, Total, NCDMB Over $3.8bn Egina Project

A Nigerian indigenous firm, Lagos Deep Offshore Logistics (LADOL) has dragged Samsung Heavy Industries of Korea, Total Upstream Nigeria Limited and the Nigerian Content Development and Monitoring Board (NCDMB) before a Federal High Court.

LADOL is suing Samsung, Total and NCDMB over an alleged plot to exclude it (the firm) from the execution of the local component of the $3.8 billion Egina Floating Production Storage Offshore (FPSO) vessel.

In the proceedings, which were issued for LADOL by a Senior Advocate of Nigeria (SAN), Professor Fidelis Oditah, LADOL is seeking 19 reliefs against Samsung and other defendants.

It appealed to the court to make a declaration that a contract awarded by Total to Samsung on or about March 15, 2013 for the construction and installation of FPSO at Total’s Egina oilfield in Oil Mining Lease (OML)130 in deep offshore Nigeria is subject to the Nigerian Oil and Gas Industry Content Development Act 2010.

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