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Amy Jadesimi, ladol MD

LADOL seal partnership deal with Norwegian companies

The Lagos Deep Offshore Logistics (LADOL) is currently working out a strategic partnership package with some Norwegian companies towards oil and gas business development in the country.

This was made public when a delegation of the Nigerian-Norwegian Chamber of Commerce (NNCC), visited the LADOL Base where they also called on the National Assembly to revisit the need to pass the protracted Petroleum Industry Bill (PIB).

Receiving the visitors, the Executive Director of LADOL, Miss Jide Jadesimi, conducted them round the expansive facility where LADOL is currently playing host as the local content partner to Samsung Heavy Industries (SHI) in the fabrication of a $3.8 billion Floating, Production Storage and Offloading vessel (FPSO).

She said the base was developed as a greenfield swamp by indigenous players about a decade ago and that over a $104 million dollars had been invested even before the company got its first contract.

Jadesimi said the base is well fortified with all necessary government agencies such as the Nigeria Customs Service, Immigration Services, the Nigerian Navy, Ports Authority officials and a host of others who oversee due diligence in its operations.

She noted that “I can assure you that the future here is bright for Direct Foreign Investments, even though we have a few challenges which borders on bureaucracy and red tape, but these are issues that government is vigorously addressing.

In his response, the Head of the Norwegian team, Dr. Gulbrand Wangen, said the Chamber was representing over 200 Norwegian oil and gas companies that were desirous of partnering with Nigerian companies for business development.

He said, “We are confident that we could open a lot of companies here as what we have seen will enable us to properly advise those companies back home as to what is going on here.”

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