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EGINA: Liberalizing oil and gas sector good omen – NPA MD

The successful berthing of Africa’s biggest  Floating Production Storage Offshore, EGINA, has shown the capacity and efficiency of the technical team of the Nigerian Ports Authority (NPA). Hadiza Bala Usman, has said.

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Usman also said that the arrival of EGINA has further proven that the Federal Government policy liberalizing the oil and gas logistics operations in the country has finally ended the regime of monopoly in the sector.

The MD of NPA said that with the arrival of EGINA FPSO, activities in the oil and gas would be expanded as different players would now be free to invest in the sector without being stifled by anyone’s organization.

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She said EGINA can be replicated at any port location of investor’s choice in the nearest future.

In a speech which she delivered during a grand reception organized by the management of LADOL to receive the rig, Usman, noted that EGINA which has a length of over 330 metres, width of 63 metres and a gross to age of 219,800 would further advance the Federal Government’s local content policy with multiplier effects evidence in employment opportunities, capacity building, technological transfer, cost saving, reduction in capital flight as well as the attraction of oil and gas hub to Nigeria.

She explained that the FPSO EGINA project is an attestation to the constant infrastructural and operational preparedness of NPA.

Chairman of LADOL, Ladi Jadesimi, congratulated the management of the NPA for the authority’s investment in the acquisition of the tugs, which he noted aided the safe navigation of the FPSO through the Lagos harbor to the LADOL Free Zone.

He said, EGINA would be integrated in Nigeria using Nigerian engineers. “The magnitude of the vessel is enormous and it is 320 meters long, 45 meters tall and 65 meters wide.”


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