Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Environment
    • Community Development
    • Renewable Energy
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Local Content: LADOL wins N2.5bn rig deal

    Local Content: LADOL wins N2.5bn rig deal

    August 7, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    Godwin Oritse

    07 August 2012, Sweetcrude, LAGOS –
    LAGOS Deep Offshore Logistics base, LADOL, has secured another $15.6million (about N2.5 billion) contract for rig maintenance, an indication that the nation’s local content drive in the oil and gas sector is achieving positive results.

    The giant rig code-named Noble Percy Jones is expected to undergo a complete turn-around maintenance at the base for a period of ninety days, after which it would be certified fit for offshore operations for the next five years.

    Operations Manager of Noble Drilling Nigeria Limited, Mr. Dave Arthur, who conducted members of the Nigerian Content Development and Monitoring Board, NCDMB, round the vessels at the base, recently, said the company had chosen to undertake the repair works at LADOL, because it was sufficiently satisfied with the facilities as well as other logistics provisions as specified by the Board.

    “We are encouraged by the local content policy of Nigeria, coupled with the available facilities here in bringing our job to LADOL, rather than policy consideration,” he said.

    As part of the objectives of the Nigerian Local Content Development Act, NLCDA, government aims at empowering indigenous companies operating in oil & gas, and maritime service sectors to enable them secure jobs from international oil companies (IOCs).

    According to the Noble Drilling Manager, after considering other options for the rig maintenance, the company decided to do the job at LADOL since it has found the environment conducive in view of the prevailing security challenges in some parts of the region.

    It will be recalled that in 2011 alone, LADOL handled about three major repair jobs for Ben Avon, Transocean including one of the largest rig repair job ever executed in Nigeria, which is Noble-Percy Jones rig repair. As the Transocean –Baltic rig just left the base few days back, Noble Drilling rig known as Noble Lloyd Noble rig is currently undergoing repairs at the base.

    Related News

    Nigeria’s domestic gas sales jump as production nears 8bcf/d

    NCS trains officers to strengthen environmental trade regulations

    Nigeria’s ex-oil minister Alison-Madueke cleared of all charges in UK corruption trial

    E-book
    Resilience Exhibition

    Latest News

    Nigeria to power 35,000 health facilities with renewable energy

    June 18, 2026

    Navy uncovers hidden crude storage site, recovers 17,000 litres in Delta

    June 18, 2026

    ‘Steel, power sectors must align to drive industrial growth’

    June 18, 2026

    Nigeria’s domestic gas sales jump as production nears 8bcf/d

    June 18, 2026

    With MethaneLive, TotalEnergies uses data to support methane emissions reduction

    June 18, 2026
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2026 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.