• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

First locally-owned offshore storage unit with one million-barrel capacity set to arrive Nigeria

Simon Osuji by Simon Osuji
November 28, 2025
in Business
0
First locally-owned offshore storage unit with one million-barrel capacity set to arrive Nigeria
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Converted into a fully operational floating production, storage, and offloading unit, the vessel represents a significant step in Nigeria’s efforts to modernise its offshore energy infrastructure, boost export potential, and reinforce the nation’s drive toward energy self-reliance.

The EMEM FPSO, converted at Drydocks World Dubai (DDWD) for Oriental Energy Resources Limited (OERL), is slated for deployment at the Okwok Field (PML 15), operated by Oriental Limited offshore Nigeria.

Captain Rado Antolovic, CEO of Drydocks World, said the conversion was commissioned by World Carrier Corporation (WCC) on behalf of OERL. “This vessel reflects our commitment to supporting Africa’s offshore energy infrastructure and advancing Nigeria’s production capabilities,” he said.

The FPSO’s delivery follows a comprehensive refurbishment and conversion at DDWD’s Dubai facility, including structural upgrades, full marine system modernization, and the integration of 19 topside production and utility modules.

The EMEM FPSO is scheduled to begin production at the Okwok oil field in Q1 2026.

The FPSO’s planned deployment aligned with the Project One Million Barrels initiative, which seeks to increase Nigeria’s oil production by one million barrels.

Officially named in December 2024 during a ceremony attended by Nigeria’s Vice President Kashim Shettima, the project highlights the Nigerian government’s focus on enhancing energy self-reliance and boosting oil export potential.

Related posts

Nigeria set to overtake South Africa as Africa’s top contributor to global growth in 2026

Nigeria set to overtake South Africa as Africa’s top contributor to global growth in 2026

January 31, 2026
Top 5 African countries with the largest military aircraft fleet at the start of 2026

Top 5 African countries with the largest military aircraft fleet at the start of 2026

January 31, 2026

Revamping Nigeria’s and Africa’s oil sector

Nigeria, alongside several African oil-producing nations, is increasingly turning to FPSOs and other offshore processing solutions to revitalize aging infrastructure, expand production, and increase export revenues.

FPSOs, which eliminate the need for permanent fixed platforms, allow operators to develop deepwater fields efficiently while minimizing downtime.

The EMEM project involved converting Nordic Mistral, a double-hulled crude tanker with 1 million barrels’ storage capacity, into a fully integrated FPSO with a 15-year operational lifespan.

The EMEM FPSO is equipped with a processing capacity of 40,000 barrels of oil per day (BOPD) and 70,000 barrels of liquids per day (BLPD). Systems include produced water treatment (60,000 BWPD), water injection (60,000 BWPD), gas processing (15 MMSCFD), gas lift (7.5 MMSCFD), and gas injection (3.5 MMSCFD).

The vessel accommodates up to 100 personnel and employs a 12-point spread mooring system.

During an inspection tour earlier this month, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, said the FPSO’s planned deployment aligned with the Project One Million Barrels initiative, which seeks to increase Nigeria’s oil production by one million barrels.

“This FPSO is coming to Nigeria at a time we are seeking to increase production. It will help in achieving our Project One Million Barrels. From what I have seen, I am very impressed, and as the regulator, we will continue to give support to Oriental Energy,” he said.

With a track record of over 30 FPSO deliveries worldwide, Drydocks World says the completion of the EMEM FPSO reinforces its role in Africa’s energy resurgence, while supporting Nigeria’s goal of long-term oil sector sustainability.

Source link

Previous Post

The Nothing (1) Headset Is Discounted for Black Friday

Next Post

Uganda eyes first commercial oil with over $11 billion unlocked in investment

Next Post
Uganda eyes first commercial oil with over $11 billion unlocked in investment

Uganda eyes first commercial oil with over $11 billion unlocked in investment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Grok’s ‘white genocide’ responses show how generative AI can be weaponized

Grok’s ‘white genocide’ responses show how generative AI can be weaponized

8 months ago
Manhattan District Attorney’s Office returns antiquities worth a total of $500,000 to Mexico

Manhattan District Attorney’s Office returns antiquities worth a total of $500,000 to Mexico

1 year ago

Alucent Biomedical Wins FDA Approval for U.S. Clinical Study

3 years ago
World Bank strengthens efforts to combat poverty, climate change with $100bn commitment for IDA21 replenishment – EnviroNews

World Bank strengthens efforts to combat poverty, climate change with $100bn commitment for IDA21 replenishment – EnviroNews

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.