SLOK Nigeria Ltd, a leading player in the upstream sector of Nigeria’s oil and gas industry, has taken delivery of two 75m DP2 platform supply vessels (PSVs) from Coastal Contracts Bhd. The two PSVs will proceed directly to West Africa for deployment.
The delivery of the 3,500 dwt PSVs was concluded on June 26, 2013, at Fujian South East Shipyard, China, making a total of three PSVs received by the Nigeria-based company from Fujian South East in the last 12 months.
Dr Orji Uzor Kalu, Chairman of SLOK Nigeria Ltd, said: "We represent a leading indigenous player in the upstream sector of Nigeria’s oil and gas industry... our exponential fleet expansion is the fruit of the enforcement of the Nigerian Content Law.”
He added: “We are proud to be a chief and active contributor to the development of the capacity of Nigerians in the oil sector.”
At the official delivery ceremony, Joseph Nassif, Group Managing Director of SLOK Nigeria Ltd, expressed gratitude to Diamond Bank Plc “for their continued belief and commitment to the growth and expansion of SLOK as a major contributor to the oil and gas industry and thereby to the domestic economy.”
Diamond Bank has financed numerous deals for the company for almost two decades.
For his part, Jason Liow from Coastal Contracts acknowledged the trust and belief of SLOK as well as Diamond Bank in the efficiency and quality of the vessels delivered by Coastal. He also declared that ongoing negotiations are under way with SLOK to deliver more OSVs in the near future.
“Expanding our fleet stands for contributing to the national economy, competing with multinationals, and boosting the job creation dynamics,” said Dr Kalu. “The double acquisition constitutes another milestone in our 2020 vision to continue to acquire and operate vessels in the mid and high-end segments of the OSV industry; it strengthens our experience and expands our footprint in the West African market.”