Nigeria: Oil Firm LADOL in Discussion with West African Countries over Offshore Facilities Development

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The Executive Chairman, Lagos Deep Offshore Logistics Base (LADOL), Ladi Jadesimi, has disclosed that the oil firm is in talks with some West African governments to assist in developing local offshore facilities.

Jadesimi, who disclosed this during a visitation of the Deputy Comptroller-General of the Nigeria Customs Service (NCS), in charge of Excise, Industrial Incentive and Free Trade Zones, Patience Ifer, to Ladol Free Zone in Lagos, said this gesture was as a result of successful fabrication and integration of the Egina Floating Production Sstorage and Offloading vessel in Nigeria.

LADOL is currently playing host to the fabrication of the $3.8 billion oil and gas logistics service facility commonly known as the Floating Production Storage and Offloading (FPSO) vessel to be deployed to the Egina oil field.

Expressing optimism that LADOL expects to host other fabrication projects from neighbouring African countries in the near future as it will be nearly impossible for any other African country that has offshore oil and gas to be able to replicate the LADOL facility for a long time.

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