According to Amy Jadesimi, CEO of LADOL, the crash in oil prices is forcing offshore producers in Nigeria to turn to local service providers to save costs.

“There’s no way IOCs can afford to do business in Nigeria unless they get their offshore support from Lagos,” Ami Jadesimi said in a recent interview in with Bloomberg in New York. “Return on investment in Nigeria is half what it is in Brazil, half what it is in the North Sea. That’s because the cost is too high. What will unlock more investment is producers lowering their cost of doing business”.

Click here to read the full article at bloomberg.com

The Lagos Deep Offshore Logistic Base (LADOL) is blazing the trail in the quest for local capacity development in the country as it advanced with the construction of the world-class Floating Production Storage and Offloading (FPSO) vessel.

The indigenous oil and gas logistics firm is currently working on the sections of the FPSO at its Free Zone base in Apapa. The Managing Director of LADOL, Dr. Amy Jadesimi, said the yard is where the first ever locally fabricated Floating Production Storage Offloading (FPSO) project took place.

During a recent tour of the yard the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, she said the implementation of the $3.8 billion project in-country would boost capacity and aid the national economy.

She said: “This project is first of its kind in Africa and sitting at an indigenous facility like LADOL, speaks volumes of our national resolve and determination to take our pride of place as the regional hub.”

Click here to read the full article at guardian.ng

The UK Government has awarded Chevening scholarship to 53 Nigerians for the 2016/2017 Chevening cycle, the UK High Commissioner to Nigeria, Paul Arkwright, has said.

Mr Arkwright stated this at the pre-departure orientation programme in Abuja, organised for Chevening scholars to commence their study programmes in the UK this September, according to the High Commission.

“I’m delighted to announce our first local Chevening Partner, LADOL Integrated Logistics Free Zone Enterprise, who are co-funding an award in the energy sector, starting 2017/18”, he said.

For the 2016/2017 Chevening cycle, Nigeria recorded the highest number of applications globally, with about 4000 eligible applications.

Following this, a total of 53 Chevening scholarship and fellowship awards were made available to Nigerians this year.

Click here to read the full article at www.dailytrust.com.ng

Today, Lagos Deep Offshore Logistics Base (LADOL) announces it has become a Founding Patron of the Prince’s Trust International (PT), which seeks to help disadvantaged young people around the globe into education, training and work.

Commenting on the announcement, LADOL CEO, Dr Amy Jadesimi, noted: “LADOL is delighted to support the important work of Prince’s Trust International. The issue of youth empowerment is one that is well understood here in Nigeria, with 1.8 million young people entering the labour market each year. LADOL shares PTI’s passion for providing relevant training and helping young people not just to have jobs but to build life-long careers. We look forward to supporting Prince’s Trust International as they expand overseas and learning from their work.”

Launched at CHOGM in Malta in 2015 by His Royal Highness The Prince of Wales, Prince’s Trust International has been created to build on the success of the Trust in the UK and enable it to share its insight with governments, companies and NGOs seeking to tackle youth unemployment around the world. The Trust is building its programme across countries in the Commonwealth and beyond, in places where it can most effectively bridge the skills gap to help the next generation into employment.

Alan Kennedy, Chief Executive of Prince’s Trust International added: “LADOL is committed to the principles on which the Trust was founded and we’re confident its addition to the circle of Founding Patrons will give us a fresh perspective on our work over the coming years.”

British High Commissioner in Nigeria, Paul Arkwright CMG welcomed the appointment saying, “LADOL Free Zone has shown how powerful private sector investment and entrepreneurial spirit can be in creating jobs and opportunity in the local economy. This new partnership with Prince’s Trust International will help to highlight those shared entrepreneurial values, as well as the fantastic work of PTI around the world.”

Dr. Amy Jadesimi, Managing Director, Lagos Deep Offshore Logistics Base, the 100-hectare free zone and logistics hub, talks to MEET THE BOSS on advantages in the low oil price environment, best practices in the Free Zone and how the private port facility could help in bringing in Foreign Direct Investments into the country.

Click here to read the full article on www.vanguardngr.com

Petroleum Technology Association of Nigeria (PETAN) Chairman, Bank Anthony Okoroafor, joined LADOL Executive Director, Jide Jadesimi, onsite earlier this month for a tour of the LADOL facilities as both organisations work towards the development and growth of Nigeria’s oil and gas industry.

Ladi Jadesimi, founder of the Lagos Deep Offshore Logistics (LADOL) base, has been elected Chairman of the Niger Delta Petroleum Resources Limited (NDPR).

Mr. Jadesimi took over from Goodie Ibru, the Hotel magnate who had been Chairman since 2012 and who retired from the board after serving for 10 years.

A graduate of Oxford University (Jurisprudence, 1966) and Fellow of the Institute of Chartered Accountants, England and Wales, Mr. Jadesimi is former Partner of Arthur Anderson in Nigeria.
After over 15 years of practice as a Chartered Accountant, Jadesimi took early retirement from practice to engage in private business, primarily in banking, oil and gas and real estate.
In 2000, started planning, with others, a purpose-built, state-of-the-art logistics and engineering base west of the Niger Delta.

“LADOL was conceived and designed to be an efficient, custom-built, fully integrated, secure and independent engineering and logistics base operating 24/7 in the LADOL Free Zone for deep offshore oil and gas projects”, the company says in its website.

Apart from NDPR and LADOL, Jadesimi serves on the board of several companies, including First City Monument Bank (FCMB), as a Non-Executive Director.

Click here to read the full article on www.africaoilgasreport.com

The United Kingdom (UK) trade envoy to Nigeria, John Howell has pledged to encourage UK companies to partner Lagos Deep Offshore Logistics Base (LADOL) to facilitate trade between Nigeria and his country.

Howell, who stated this when he paid a courtesy visit to LADOL in company of the UK High commissioner to Nigeria, Paul Arkwright, Friday in Lagos, promised to bring UK expertise and encourage companies in its oil and gas sector to work with LADOL.

Click here to read the full article at www.thisdaylive.com
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The Managing Director of Lagos Deep Offshore Logistics Base, Dr. Amy Jadesimi, recently revealed the progress of development activity on the base in an interview with Chika Amanze-Nwachuku, Ejiofor Alike and Abiodun Eromosel.

A key facility, built by her company for the integration of Total Upstream’s Floating Production Storage Offloading vessel for the $16 billion Egina deepwater field, is ready, ahead of the March 2017 scheduled date for the arrival of the $3.3billion offshore vessel from South Korea. She also called for the full implementation of the Nigerian Content Law.

LADOL had started executing several projects mainly on the logistics side before the Nigerian Content Law was enacted in 2010. Having seen the implementation of this law in these past few years, has it has achieved the aim of the indigenous operators like LADOL?

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Ladol Oil and Gas Free Zone (LFZ), operators of the Lagos Deep Offshore Logistics (LADOL) base, has been described as one of the success stories of the local content administration in the country.

The appraisal was made in Lagos on Wednesday by the House of Representatives and Nigerian Content Development and Monitoring Board (NCMB), during a joint tour of the base by top legislators from the House Committee on Local Content as well as management of the board.

Chairman of the House Committee Hon. Emmanuel Ekon and Executive Secretary of the Content Board, Obah Patrick, who took turns to address journalists after the tour, expressed pleasant surprise at the development of the facility, saying their visit was a testimony of the commendable operations at the zone.

Click here to read the full article at www.thisdaylive.com
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