Shettima Unveils Oriental Energy’s FPSO Facility in UAE
Here’s a rewritten version of the story, maintaining its essence but improving clarity and flow:
To Boost Nigeria’s Oil Output by 30,000 BPD
In a significant milestone for Nigeria’s oil and gas industry, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, UAE. The facility, which can store up to one million barrels of crude oil, is set to enhance Nigeria’s crude production by 30,000 barrels per day (bpd).
The vessel, named ENEM FPSO, will begin operations at the Okwok Oil Field in the first half of 2025. Initially, it will produce 17,000 bpd, scaling up to its full capacity shortly after. The project aligns with President Bola Tinubu’s reforms aimed at revitalizing Nigeria’s oil sector and boosting economic growth.
Vice President Kashim Shettima, representing President Tinubu at the commissioning ceremony held at the Drydocks World Dubai Shipyard, hailed the project as a testament to Nigeria’s growing influence and the success of the administration’s energy policies.
“This FPSO is more than a technological feat; it symbolizes Nigeria’s readiness to meet global energy demands. Under President Tinubu’s leadership, we are witnessing a transformation in the oil and gas sector, central to our economic revitalization efforts,” Shettima remarked.
Transformative Vision for Nigeria
Shettima emphasized the critical role of the FPSO in optimizing Nigeria’s oil production, positioning the country as a major hub for global hydrocarbon demand. He praised Alhaji Muhammadu Indimi, Executive Chairman of Oriental Energy, for his visionary leadership and contributions to the industry.
“Alhaji Indimi’s determination and expertise have transformed Oriental Energy into a global phenomenon. His success exemplifies what is possible when ambition meets perseverance,” Shettima added.
The Vice President also highlighted the synergy between Nigeria’s growing domestic refining capacity and projects like this, which will help maximize production and drive economic growth.
Indigenous Achievement
Alhaji Indimi revealed that ENEM FPSO is the first vessel of its kind to be entirely funded by a Nigerian company. He described the milestone as a breakthrough for indigenous participation in the oil sector.
“When fully operational, the Okwok Oil Field will produce up to 30,000 barrels of oil daily, advancing Nigeria’s ambition to increase oil revenues for national development,” Indimi said.
The chairman also expressed gratitude to the Nigerian government for creating an enabling environment for investment, emphasizing Oriental Energy’s long-term goal to achieve 100,000 bpd from its portfolio of assets.
National and Global Impact
Borno State Governor, Prof. Babagana Zulum, commended Indimi for his dedication to national development, noting the project’s potential to stimulate economic growth and create job opportunities.
“Today is a proud moment for Borno State and Nigeria. This vessel, funded entirely by Alhaji Indimi’s company, represents a remarkable achievement,” Zulum said.
Nasarawa State Governor, Engr. Abdullahi Sule, also lauded Indimi’s commitment to Nigeria, saying, “He stands out as someone who truly believes in Nigeria and its potential.”
International Collaboration
Capt. Dr. Antolovic Rado, CEO of Drydocks Dubai, assured that the FPSO would support sustainable development in the Okwok oil field region. Mr. Hassan Basma, representing partners HBA and World Carriers Corporation, noted that the project exemplifies indigenous excellence and innovation in the oil and gas sector.
“This vessel will not only benefit Nigeria but serve as a model for the African coastline,” Basma said.
As Nigeria takes a bold step toward energy self-reliance, the ENEM FPSO underscores the country’s ambition to meet global standards while fostering economic growth and sustainability.
