Nigerian authorities have brokered a partnership deal between LADOL, a local logistics base developer and the Chinese Offshore Oil Engineering Company Limited (COOEC), to make Nigeria a hub for oil and gas exploration in the West African sub-region.
LADOL is acronym for Lagos Deep Offshore Logistics services provider. COOEC is a ranking EPCI contractor in Asia Pacific and has carried out several ground breaking projects in Asia.
The LADOL-COOEC offshore agreement was one of the nine key collaboration and development agreements signed in Beijing between Nigeria and China, at the China Nigeria Business Forum, an event that was part of President Goodluck Jonathan’s recent visit to the world’s second largest economy.
The agreement is for a long-term collaboration in jointly planning and developing strategic infrastructure in key parts of Nigeria that would help achieve LADOL’s core mission of making Nigeria the Hub for oil, gas and maritime activity in West Africa.
Amy Jadesimi, LADOL’s managing director, said the choice of COOEC for the partnership deal was informed by the Chinese company’s pedigree in local content development. “COOEC’s technology, experience and focus on creating real local content in Nigeria makes it an ideal partner for LADOL, which is the only 100 per cent indigenous Nigerian facility developer and operator in Nigeria.”
The occasion which was hosted by President Goodluck Jonathan, also had in attendance three other prominent members of the Federal Executive Council including the Minister of Petroleum Resources Dr. Dieziani Alison-Madueke; Minister of Aviation Princess Stella Odua; and Minister of Mines and Steel Development, Mr Mohammed Musa Sada.