NCDMB set to inaugurate ongoing Egina project at LADOL base in Q4

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Kesiye Wabote has applauded the pace of work at the Lagos Deep Offshore Logistics base (LADOL), stressing that he will be on hand to inaugurate the Egina FPSO in the fourth quarter of this year, ThisDay reports.

Wabote stated this in Lagos when he led a team of his officials and other top industry service providers and international oil companies (IOCs) on a facility tour of the base at the Apapa Ports Complex, Lagos. LADOL is currently playing host to the fabrication of a $3.8 billion oil and gas logistics service facility commonly known as the Floating Production Storage and Offloading –FPSO rig, otherwise called the Egina project.

The project which has been applauded as the first-of- its- kind in sub-Saharan Africa is being handled by the Korea-based Samsung Heavy Industries (SHI) on behalf of Total Oil Exploration, with LADOL serving as its local content partner. Wabote added that the indigenous oil and gas logistics service provider is a testimony of the success story of local content laws in Nigeria.