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CONSTRUCTION OF BRASS SHIPYARD TO BEGIN SOON IN NIGERIA
Over the weekend, the Nigeria Government announced plans to begin the construction of brass shipyard in the southern part of the nation.
The feasibility study for the project will be carried-out with a report proposed to be submitted to the government in six months times.
The project is expected to cater for the maintenance and repair services of cargo vessels, oil tankers and Liquefied Natural Gas (LNG) carriers as well as make Nigeria a hub for ship building and repairs.
Speaking during the announcement, Minister of State for Petroleum Resources, Chief Timipre Sylva said the high traffic of vessels in and out of Nigeria provides a huge opportunity to retain substantial value in-country through the provision of dry-dock services.
He also noted that the shipyard project would further develop and harness the nation’s position in the oil and gas value chain and linkage to other sectors of the economy.
Meanwhile, the scope of the feasibility study includes geotechnical and bathymetric surveys, conducting a market study, ascertaining an optimal construction scale, developing technical proposal and construction plan and estimation of the required investment to bring the project into reality.
The feasibility study will be funded by the Nigerian Content Development and Monitoring Board (NCDMB) as part of its overarching mandate to domicile key oil and gas industry infrastructure and increase retention of industry spend.
NCDMB Executive Secretary Simbi Wabote, has assured the audience that the Brass shipyard project and other ongoing efforts to catalyse manufacturing would help the board achieve the target of 70 per cent Nigerian content by 2027.
He noted that the project was being driven by the NCDMB in conjunction with NLNG as a Capacity Development Initiative (CDI) on the back of the Train 7 project.
The project’s schedule indicates that the site work would be executed within six months, while feasibility study would be completed in four months with China Harbour Engineering Company given the task to execute the project.
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