LADOL to begin FPSO construction, integration in 2015

LFZ LADOL FREE ZONE16 October 2013, Lagos – The Lagos Deep Offshore Logistics Base, LADOL, in LADOL Free Zone is poised to begin the construction of its fabrication yard where floating production, storage and offloading, FPSO, vessels will be built and integrated.

Its Project Manager, Phaethon Payiatis said in Lagos that the construction of the yard would begin next month while the fabrication and integration of FPSOs will start in 2015.

He said the company has also made plans to dredge the harbour to get the right draft. He said the 14,000 square metre yard would handle 5,000 tonnes of steel and that necessary approvals from the appropriate regulatory agencies.

LADOL’s Managing Director Dr. Amy Jadesimi said the company was carrying out the project with Samsung Heavy Industries (SHI) of Korea. She explained that contrary to reports, LADOL has done some major jobs for some oil companies , including Chevron’s Agbami FPSO.

She said as at September, the company had invested $62.6 million in the $500 million facility, adding that, on completion, the project will generate 5,000 jobs inside LADOL and 50,000 jobs outside; it will attract billions of dollars in foreign direct investment (FDI) as well as technology into Nigeria.

She said: “LADOL is the only 100 per cent Nigerian logistics base owner in Nigeria and the only one to develop a facility from zero value Greenfield Nigerian Ports Authority (NPA) site into $500 million world class base. LADOL is now expanding its facilities and its proven business model of private indigenous Nigerian lead development of facilities into Bayelsa as well as extending its facility in Lagos with a $500 million additional investment.

“LADOL’s joint venture with Samsung to build Nigeria’s first and Africa’s only FPSO facility will make Nigeria Africa’s maritime, oil and gas hub creating 100,000 jobs. LADOL has been given all required approvals to proceed with construction and based on the approvals the government has given, $62.5 has been invested. This is new private investment in developing infrastructure in Nigeria.”

She also noted that based on researched facts, the most suitable site for FPSO integration in Nigeria is LADOL and the least suitable site is Nigerdock. The Nigerdock site shouldn’t be considered for integration owing mainly to operational consideration and the unacceptable high risk to the FPSO hull of traversing the narrow path to Nigerdock.

She said the zone is located on a peninsula five minutes away from personnel and cargo jetties and being immediately next to the entrance to Lagos Harbour, it can easily accommodate the largest vessels and barges and it guarantees the fastest turnaround times.

Besides, LADOL is registered as an International Ship and Port Security (ISPS) code certified port facility with International Maritime Organisation (IMO) and receives local and international vessels. With 200m quay, 8.5m draft, 25 ton/m2 high load bearing area and additional 30 ton bollards at either end, the quay can accommodate up to six supply vessels and three heavy lift vessels simultaneously. Since products are piped directly through ducts in the quay, vessels’ turnaround time can be less than eight hours. The quay is being extended by additional 1,000m this year, she added.

– The Nation

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