Fidelity bank banner UBA banner
Multi-billion dollar Egina FPSO to boost NIMASA operations — DG

By News Express on 15/06/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 775

•NIMASA DG Dakuku Peterside.
•NIMASA DG Dakuku Peterside.

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has said the on-going construction of the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) project would increase the knowledge base of the agency as a safety administration and enhance its regulatory capacity.

The Director General, who was on a working visit to inspect the project at the Samsung Shipyard in the Samsung Heavy Industries in Geoje, South Korea, had a meeting with the Executive Vice President of Samsung, Mr Younsang Won, Representatives of Total Nigeria and  the Vice President in charge of Egina project, Yongho Jo.

He told his guests that the project, which is unprecedented in the history of Nigeria, would ultimately fetch the country the much needed foreign exchange.

Dr Peterside assured Total and other prospective investors that the Agency would continue to create a conducive environment for investors to have the confident to come up with projects of this nature.

 According to him, “this is a mega offshore project that will bring out the best in us. Let me assure you that we will discharge our responsibility as the facilitator of maritime business in Nigeria and ensure that our maritime domain remains safe and secure for this kind of projects. We will give both Samsung and Total Nigeria necessary support to actualise the Egina FPSO project for the interest of Nigeria and Nigerians."

Dakuku further commended Samsung and Total for having faith in Nigeria and its effort to comply with Nigerian content law. He particularly commended Samsung for having NIMASA surveyors on ground at South Korea to work with world class classification societies on the project which would make certification and passage of the project easier and faster.  

He however charged the Executive Vice President of Samsung to ensure compliance to the Cabotage law and other enabling Nigerian laws when the  FPSO gets to Nigeria, adding that the Nigerian government is working hard to provide conducive business environment

In his response, Mr Younsang Won promised the visiting NIMASA boss that the project would be ready for movement to Nigeria in August and assured that the quality of the project would bear the mark of excellence associated with Samsung Heavy industries. He promised to comply with local laws in Nigeria and do all within his powers to work with locals to build capacity in offshore projects industry.

FPSO is being developed for deployment in the Egina oil field, located 150km off the coast of Nigeria. The field is currently under development and production is scheduled to begin in 2018. The Egina Field is expected to add 200,000 barrels per day to the national oil production by 2018.

As part of the current reforms going on in the Nigerian maritime sector, NIMASA would be taking delivery of the fifth largest floating dock which is expected to ensure vessels in need of dry dock need not go out of the country.

Source News Express

Posted 15/06/2017 04:16:12 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
Shell launches initiative for safer cooking method in...

Dust haze to prevail in many states —...

WHO delivers emergency medical supplies to Borno IDPs...

Senate finally passes 2018 budget, increases oil benchmark...

APC Vice Chairman working against Buhari, APC for...

Another Pandora’s box

Flood: Obiano summons emergency meeting of stakeholders

Wike, Amaechi lied: Police •Says no attempt was...

Cloudy skies, rains, thunderstorms to prevail on Wednesday...

Pirates kill 4 marine policemen

Buhari, Osinbajo speaking discordant tunes on restructuring —...

Breaking News: Boko Haram kidnaps two prominent emirs...


Latest News 233 policemen arrested for corruption Sex video tape played in Lagos court in evidence Saraki, Dogara guilty of corruption — Legislative aides Woman dies as mobile phone explodes in bedroom, husband injured Amnesty tasks International Criminal Court, wants full-blown investigation into Boko Haram’s atrocities 2019: Okowa calls for issue-based campaign as Delta State PDP inaugurates Campaign Council DAPPMA suspends shutdown of operations, gives 5-day grace notice 2019: Dogara accuses FG of vote-buying, inducement Confusion deepens in Ogun PDP as Kashamu launches governorship campaign Buhari unveils Corruption Risk Assessment Report ASUU decries alleged intimidation of members in UNILAG by pro-chancellor 2019: Agbaje vows to free Lagos from godfatherism if elected Governor


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (429,429 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (394,556 views) Shameless Genevieve Nnaji exposes breasts in public (327,470 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (280,803 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (247,636 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,160 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (211,928 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,165 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,408 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,333 views) Lagos plane crash: Journalist releases victims’ names (167,103 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,600 views)


Zenith Zero Balance First Bank chat banking


Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,870) Business Verdict (54) Columnists (972) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (311) International (2,801) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (64) News (41,321) Opinion (1,150) Pidgin (13) Politics (8,101) Religion (911) Sports (1,812) Stock Watch (35) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera