In a major milestone for Nigeria’s oil and gas sector, Vice President Kashim Shettima today in Dubai, commissioned a $315 million Floating Production, Storage, and Offloading (FPSO) vessel built by Oriental Energy Resources Limited.
In a statement posted on his X ,Stanley Nkwocha, Shettima’s spokesperson ,said the Vice President who represented President Bola Tinubu presided over the commissioning held at Drydocks World Dubai Shipyard in the United Arab Emirates(UAE).
The Vice President hailed the project,describing it as a testament to Nigeria’s oil sector reforms.
The FPSO, named ENEM, boasts a storage capacity of one million barrels and will begin production at the Okwok Oil Field in the first quarter of next year.
The facility will take off with an initial production of 17,000 barrels per day (bpd) before scaling up to 30,000 bpd, thereby remarkably enhancing Nigeria’s oil production capacity.
Shettima described the vessel as a symbol of Nigeria’s ambition and readiness to meet global energy demands under President Tinubu- led administration.
“This FPSO is more than a technological achievement; it embodies Nigeria’s transformation in the oil and gas sector, central to our economic revitalization efforts,” he stated.
Highlighting the importance of the facility, Shettima noted that it is a crucial link in Nigeria’s quest to optimize productivity and establish itself as a hydrocarbon hub.
He lauded Alhaji Muhammadu Indimi, Executive Chairman of Oriental Energy Resources, for his vision and dedication, which he said have positioned the company as a global force in the oil and gas industry.
“Alhaji Indimi’s achievements prove what is possible when ambition meets perseverance and expertise. His contributions reflect Nigeria’s potential as a land of opportunity,” the Vice President added.
In the same vein, the Borno State Governor, Babagana Zulum, commended the project, noting that the vessel’s development was fully funded by an indigenous Nigerian company—a first in the nation’s history.
Zulum highlighted the vessel’s capacity to drive economic growth and job creation while ensuring steady national development.
Similarly, Nasarawa State Governor, Abdullahi Sule, commended Alhaji Indimi’s investment, emphasising his belief in Nigeria’s potential.
“Alhaji Indimi stands out as a true patriot, investing in projects that will contribute to Nigeria’s development and self-reliance,” Sule noted.
Indimi also expressed gratitude to the Federal government and its agencies for fostering an enabling environment for the investment.
He revealed that ENEM is the first FPSO fully funded by a Nigerian company and emphasised its role in achieving the company’s long-term goal of producing 100,000 barrels of oil per day.
