The Lagos Deep Offshore Logistics (LADOL) base and Samsung Heavy Industries have invested $400 million in a vessel fabrication and integration yard in Lagos, The Nation has learnt.
Additional $200 million will also be injected in the yard in the next few months.
The yard, it was gathered, has the capacity for Floating Production Storage and Offloading (FPSO) integration and conversion.
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The $600 million LADOL free zone within the Apapa Pilotage District is a world-class facility. Access to the place is restricted.
It has extensive infrastructure and equipment layout, making it an ideal environment for vessel integration, offshore oil and gas mega-fabrication, pipe coating, engineering and agricultural processing centre.
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