Slok Nigeria takes delivery of two supply vessels

Slok Nigeria Limited, a wholly owned indigenous company and leading player in the upstream sector of Nigeria’s oil and gas sector, has taken delivery of two new 75-metre DP2 platform supply vessels from Coastal Contracts Bhd.
The company took the delivery of the two 3,500 DWT PSVs on June 26, 2013 at Fujian South East Shipyard, China at an event attended by Dr. Orji Kalu and Joseph Nassif, Chairman and Group Managing Director of Slok Nigeria Limited respectively.
Ambassador Nnoye Rajis-Okpara, Nigeria’s Ambassador to Singapore; Sam Egube; and Nkechi Nwosu, Director of Corporate Banking and Company Secretary/Legal Adviser of Diamond Bank Plc; and Jason Liow, Director of Coastal Contracts Bhd, were also present at the event.
The newly received acquisition brings to three the PSVs received by the Nigeria-based company from Fujian South East in the last 12 months and have proceeded to West Africa for deployment.
Kalu, in his remarks, said: “As we represent a leading indigenous player in the upstream sector of Nigeria’s oil and gas industry, our exponential fleet expansion is the fruit of the enforcement of the Nigerian/ Local Content Policy.”
“In addition, we are proud to be a chief and active contributor to the development of capacity of Nigerians in the oil sector.
“Expanding our fleet stands for contributing to the national economy, competing with multinationals and boosting the job creation dynamics.
“The double acquisition constitutes another milestone in our 2020 vision to continue to acquire and operate vessels in the mid and high-end segments of the OSV industry.
“It strengthens our experience and expands our footprint in the West African market.”
Nassif expressed gratitude to Diamond Bank Plc “for their belief and commitment to the growth and expansion of SLOK as a major contributor to the oil and gas industry in particular and the Nigerian economy in general.”
He noted that Diamond Bank has financed numerous transactions for the company for two decades and it deserves commendation.
Ambassador Okpara lauded the initiative of Slok Nigeria Limited in promoting the Nigeria local economy.
She said: “I am highly delighted and must commend Slok Nigeria Limited for job creation and technological transfer in the oil and gas sector of the Nigerian economy.”
She advised other Nigerian entrepreneurs to explore international opportunities for business growth and expansion as witnessed today.
The Executive Director of Coastal Contracts acknowledged the trust and confidence of Slok and Diamond Bank in the efficiency and quality of the vessels delivered by his company.
He also declared that negotiations were ongoing for the delivery of additional vessels in the nearest future.