Built by Samsung for Total, with final engineering done at the Ladol Free Zone in Lagos, the Egina vessel is a milestone in Nigeria's oil industry.
This 330m-long giant was towed 130km off the coast of Nigeria to Total’s Egina deep offshore field. It departed in late August, and once it is plugged into 44 subsea wells, it will draw up 200,000 barrels per day of crude -- some $70m at today’s prices.
We spoke to Jide Jadesimi, the head of business development at Ladol, about making things in Nigeria, building up the skills base for industrialisation, and how to pay for it all.
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