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LADOL and PETAN collaborate against falling crude oil prices

Petroleum Technology Association of Nigeria (PETAN) and the Lagos Deep Offshore Logistics Base (LADOL) have expressed confidence that the declining crude oil prices pose great opportunities for patronage of indigenous companies.

The oil price has now fallen by more than half since June of 2014 when it was $110 per barrel, hovering between $27 and $40 a barrel in the last three weeks.

They believed that the current unpleasant situation in the oil market would assist in promoting local content policy in the country.

To this end, the LADOL and PETAN decided to collaborate in the area of human capacity development for Nigeria’s oil and gas sector.

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Senior UK Government officials visit LADOL

LADOL hosted a delegation of senior UK government officials for a tour of the free zone during a recent trade mission to Nigeria. The Members of Parliament were accompanied by representatives from the UK Department for International Development as well as the British High Commission. The delegation voiced support for projects like LADOL and emphasised that more Free Trade Zones and maritime facilities should be developed in Nigeria to proactively address barriers to economic and social progress by promoting trade and creating jobs. The full delegation is list below.

Mr Stephen Twigg MP (UK Parliament), International Development Committee (IDC)
Ms Helen Grant MP (UK Parliament), International Development Committee (IDC)
Mr Albert Owen MP (UK Parliament), International Development Committee (IDC)
Mr Virendra K. Sharma MP (UK Parliament), International Development Committee (IDC)
Ms Wendy Morton MP (UK Parliament), International Development Committee (IDC)
Ms Rachel C Sarah Fox UK Parliament staff, International Development Committee (IDC)
Mr Simon Kenny Head of Economic Growth, DfID Nigeria
Ms Alessandra Lustrati Private Sector Development Adviser, DfID Nigeria

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CNN report on what’s ahead for Africa’s oil and gas industry.

CNN’s Rosie Tomikins met with some key figures in Africa’s oil and gas industry to find out what they believe is the best way forward for Africa’s oil producing nations.

Watch the full video coverage below.

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Why we support LADOL, NAPIMS explains

The National Petroleum Investment Management Services (NAPIMS), recently explained why it is supporting the building of the $3.8 billion Egina project at a custom build yard on the Lagos Deep Offshore Logistics base (LADOL)..

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NEPZA MD Visits LADOL, Promotes Industrialisation

The Managing Director of the Nigeria Export Processing Zones Authority, Mr Gbenga Kuye, recently visited the Lagos Deep Offshore Logistics and commended the local content policy of the organisation.

He described LADOL, as an industrial park, given the growing enterprise and capacity at the free zone.

Mr Kuye said he was pleased with the number of Nigerians working on jobs previously reserved for expatriates.

Watch the full video coverage below.

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LADOL announces new Advisory Board: Rt Hon Lord Mark Malloch‐Brown KCMG, Professor Fidelis Oditah QC and Mr Tanimu Yakubu

LADOL, the high value industrial village and free zone, built around a specialised port facility on an island at the point of entry into Lagos harbour, has announced the composition of its pioneer Technical Advisory Board: The Rt Hon Lord Mark Malloch‐Brown KCMG, Professor Fidelis Oditah QC and Mr Tanimu Yakubu.

Thanks to the new USD 300 million Floating Production Offtake and Storage (FPSO) Vessel fabrication and integration facility in LADOL all eyes are now on Nigeria. The successful development of this facility is set to make Nigeria the leading country on the continent for offshore oil and gas fabrication and engineering.

The specific expertise of the advisory board will now provide the additional strategic support the LADOL executive team needs as the Free Zone enters its next phase of development; expanding its ecosystem to offer more advanced technological support and critical services not previously available in West Africa, as well as fostering collaboration with other infrastructure developers, service providers and operators in the region to help drive job creation and economic growth throughout West Africa together.

Dr Amy Jadesimi, LADOL Managing Director, said: “It is a great privilege to have Lord Malloch‐Brown, Professor Fidelis Oditah and Mr Tanimu Yakubu join LADOL’s advisory board. Their combined experience will no doubt be an incredible asset to the Free Zone and help shape its future as one of the world’s leading industrial hubs. Each member offers a unique perspective and understanding of Nigeria and shares our aim of making it the hub for West Africa.”

One of Time Magazine’s ‘100 most influential people in the world’, Lord Malloch-Brown is a former Deputy Secretary-General in the United Nations and has served in the British Cabinet and Foreign Office. Deeply involved in international affairs, he now sits in the House of Lords and is active both in business and in the non‐profit world.

Fidelis Oditah QC is a member of the Queen’s Council since 2003, practicing across the English and Nigeria bars. In Nigeria, Oditah focuses on energy, projects and cases relating to commercial law and has advised and acted for the Federal Government of Nigeria in a number of matters.

Mr Tanimu Yakubu, non-executive director of Oando PLC, has held a number of key positions in both the private and public sectors in Nigeria, the most notable being as Chief Economic Adviser to the President, Commander in Chief of the Federal Republic of Nigeria, during which he also served as a member of the National Economic Management team from 2007 – 2010.

The $500 million LADOL free zone, is a newly developed industrial village, to which access is strictly controlled. The infrastructure in the Zone is amongst the most robust and secure in West Africa, making it an ideal environment for industrial activities that could not be done in West Africa before – from offshore oil and gas mega-fabrication and vessel integration, to pipe coating, engineering and agricultural processing.

Board member biographies can be found here.

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LADOL wins award from The Chartered Institute of Logistics and Transport

I am delighted to announce that on behalf of LADOL Mr Jide Jadesimi has received the Award of the “Outstanding Free Zone Integrated Hub Capacity Building Firm for Deep Water Oil & Gas Exploration, Manufacturing and Engineering Services” as adjudged by

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BBC Business Live : Dr Amy Jadesimi on LADOL and driving growth in Nigeria. (Source: BBC)

Watch the full interview below.

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Financial Times reports LADOL in quest for bigger role in Nigeria’s energy industry

While the collapse in oil prices might seem like unequivocally bad news for Nigeria’s energy industry, there is one Lagos-based executive who sees only opportunity. The Managing Director of LADOL is hoping that renewed pressure on majors to cut costs will spur them to take advantage of a logistics base she has developed to serve a projected boom in deepwater oil production.

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I am very impressed and proud of LADOL – NPA Managing Director

The Managing Director of Nigerian Ports Authority (NPA), Mallam Habib Abdullahi has commended the management of Lagos Deep Offshore Logistics Base (LADOL) for its huge contributions to the Nigerian maritime Industry and the Nigerian economy.

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