Saturday 3 August 2013

Nigeria brokers deal between LADOL and COOEC

Nigerian authorities have brokered a partnership deal between Lagos Deep Offshore Logistics  (LADOL), a local logistics base developer, and the Chinese Offshore Oil Engineering Company Limited (COOEC), to make Nigeria a hub for oil and gas exploration in the West African sub-region. The offshore agreement between the two parties was one of the nine key collaboration and development agreements signed in Beijing between Nigeria and China at the China Nigeria Business Forum.

The agreement is for a long-term collaboration in jointly planning and developing strategic infrastructure in key parts of Nigeria that would help achieve LADOL's core mission of making Nigeria the hub for oil, gas and maritime activity in West Africa. LADOL;s Managing Director, Amy Jadesimi said the choice of COOEC for the partnership deal was informed by the Chinese company's pedigree in local content development.

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