The Lagos Deep Offshore Logistics (LADOL) base and Samsung Heavy Industries have injected $400 million into vessel fabrication and integration yard in Lagos.
Additional $200 million will also be injected in the yard in the next few months, The Nation has learnt.
It was learnt that the yard has the capacity for Floating Production Storage and Offloading (FPSO) integration and conversion.
The $600 million LADOL free zone within the Apapa Pilotage District is a world-class facility. Access to the place is restricted.
It has extensive infrastructure and equipment layout, making it an ideal environment for vessel integration, offshore oil and gas mega-fabrication, pipe coating, engineering and agricultural processing centre.
A senior official of the Federal Ministry of Transport (FMoT) told The Nation that the base, a wholly indigenous organisation, has created jobs in the offshore logistics sector. On completion, he added, it will promote local content.
The official said, LADOL has the biggest vessel fabrication and integration yard in the region, with capacity for FPSO integration and conversion, top-side FPSO modula fabrication, large offshore fabrication and range of general steel construction at a rate of 10MT per year.
LADOL has also expanded its fabrication capacity from 10,000 tonnes to 40,000 tonnes to service FPSO, oil rigs, ship repairs and maintenance.
“The move is to concentrate on mega oil and gas and maritime fabrication jobs for West Africa in the country. Several countries in Africa, such as Sao Tome, South Africa, Ghana, Angola, Ivory Coast and Equatorial Guinea currently look up to the facility for the discharge of oil and gas cargoes.”