Following recent refusal of entry to the free zone of Samsung Heavy Industries Nigeria (SHI) staffers, the management of the Lagos Deep Offshore Logistics (LADOL) broke silence on reasons for such action.
LADOL said the action was as a
result of the SHI’s gross negligence and total insubordination to the Nigerian local content laws and other regulatory requirements respectively.
SHI operates a fabrication and integration yard (SHI-MCI yard) in LADOL free zone, which was used to integrate the Egina Floating Production Storage Offloading (FPSO) vessel, which has sailed away to the 200,000 barrels per day Egina oilfield.
LADOL said: "As a responsible Nigerian company, LADOL has put public duty and national interest ahead of its private interests and concerns for some time, with respect to the Egina project and the actions of Samsung.
"However, LADOL now has no choice but to bring to the fore issues that have arisen due to the actions of Samsung."
An investigation revealed that SHI will lose over $300 million of investments if sacked from the island as it will be difficult for the Korean firm to remove the fixed assets in the yard...
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