Nigeria wins award with Egina floating facility

Nigeria has been honoured in France for its floating facility, which is expected to add 200,000 barrels of oil per day to the country’s daily production.

The facility built by Samsung Heavy Industries Nigeria (SHIN) bagged the ‘Project of the Year’ award on Monday at the Africa Assembly, organised by the Oil and Gas Council.

Along with its client, Total, the country bagged the 2018 ‘Breakthrough Deal of the Year’ and the 2019 ‘Project of the Year’ for the Egina Floating Production Storage and Offloading (FSPO) unit built for Nigeria’s Egina oil field.

With 246 participating organisations from 41 countries, the award is an initiative that celebrates groundbreaking achievements, as well as the best performing companies and executives who have pioneered new frontiers, inspired others through their activities and achieved growth in Africa.

According to the chief executive officer of SHI-MCI FZE (the joint venture of SHIN), Mr. Dongseong Suh, the award is a proof that investment in the country’s local content can boost investment and make it globally competitive.He noted: “It is proof of our collective philosophy that responsible investment, powered by a belief in people, can drive real change. Nigeria can stand tall in the world. It is now home to a world-class fabrication and integration yard.

“Together, we have proved that Nigeria’s local content rules work. They can be the platform that delivers shared economic success for ordinary Nigerians, for the country as a whole. That is why this award is so important not only to Samsung Heavy Industries Nigeria but for Nigeria.”

Vice President, Corporate Development, EMEA of Oil and Gas Council, Wesley Johnson, said: “We are impressed by SHIN’s endeavours and it is no surprise that such achievement should be celebrated on an international stage. I believe it means a lot for Nigeria, revealing the potential of Nigerian resources and the heights of success and development that can be reached with the right effort.”

The Oil and Gas Council, an influential international network of oil and gas company executives, organises multiple meetings, including the annual Africa Assembly, which is recognised as the region’s most influential corporate development, strategy, finance and investment gathering.

This is the second win for Samsung. Added to the prestige is the illustrious portfolio of nominees, including Eland Oil and Gas, ExxonMobil and ENI for Mozambique’s Rovuma LNG Project.