SEOUL (AFP) – South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in Nigeria. Under the deal with an unnamed client, the shipbuilder will construct the floating platform used to store and process oil, which will begin operations in 2017, Samsung said in a statement. The Floating Production Storage and Offloading (FPSO) platform is 330 metres (1,082 feet) long, 61 metres wide and capable of storing up to 2.3 million barrels of oil, it said. The latest deal is the most expensive globally for this type of structure, Samsung said, adding many parts of the platform will be built in Nigeria. Samsung — one of the world’s top three shipbuilders — has won orders worth $7.8 billion so far this year including the latest deal, after setting an annual target of $13 billion

vanguardngr.com/2013/06/samsung-heavy-to-build-3-0bn-oil-storage-in-nigeria/

Massive endorsement for Nigeria's petroleum sector this, despite recent negative developments in the sector, this is a very welcome vote of confidence. It isnt clear who ordered this but the only two FPSO's in the country are owned by Shell and Chevron. I remember Shell's Bonga FPSO was fabricated offshore and sailed whole into the country but with the Nigerian content law now in force, huge aspects of the project would have to be constructed in Nigeria providing massive job opportunities - We heading towards another 1.2 million folks!
Its all plus no minus - FRESH AIR Styleeeee.

Interesting stuff. You might want to check; the number of FPSOs in Nigeria is definitely more than 2 (Should be about 5 or 6). Total and Mobil also have some. The contract in question is most likely for Total's Egina FPSO which has suffered a lot of delays over the last few years.

good

Let them build and let's see how it goes

Ok we don hear.

how many locals have the qualification and expertise to be a part of it.
i dont want to see low skilled chinkos immigrants getting the contracts and jobs ahead of my people o!

megainvest: Interesting stuff. You might want to check; the number of FPSOs in Nigeria is definitely more than 2 (Should be about 5 or 6). Total and Mobil also have some. The contract in question is most likely for Total's Egina FPSO which has suffered a lot of delays over the last few years.

Oops Ok then, 5 or 6 we have.