By Dauda Iliya <\/p>\n
Borno State Governor, Professor Babagana Umara Zulum has described the first indigenous Floating Production, Storage, and Offloading (FPSO) vessel, owned by Nigerian oil magnet, Alhaji (Dr) Muhammadu Indimi, as a landmark achievement for Nigeria’s industrial and technological advancement.<\/p>\n
Governor Zulum stated this on Saturday, at the sail away ceremony of the EMEM Floating Production, Storage, and Offloading Vessel (FPSO), held at the Drydocks World facility in Dubai, which marked the completion of the vessel, and is now set to depart for Nigeria.<\/p>\n
\u201cThe sail away of the EMEM FPSO is more than an engineering feat,\u201d the Governor stated. \u201cIt is a powerful statement of confidence in Nigeria\u2019s energy future and a reflection of what homegrown enterprise can achieve when guided by vision, discipline, and excellence.\u201d<\/p>\n
He began his remarks by thanking the Government and People of Dubai for their hospitality, noting that hosting the milestone in the UAE \u201cunderscores the strength of our mutual commitment to innovation, trade, and sustainable development.\u201d<\/p>\n
The EMEM FPSO, a $315 million facility with a storage capacity of one million barrels and a production capability of up to 30,000 barrels per day, is the first FPSO to be fully financed by an indigenous Nigerian company, Oriental Energy Resources Limited.<\/p>\n
The Governor specifically commended Dr. Muhammadu Indimi and the Oriental Energy Resources team for this \u201cbold accomplishment.\u201d<\/p>\n
\u201cThis achievement does not only contribute to national output,\u201d he said, \u201cit reinforces our collective belief that Nigeria\u2019s private sector has the capacity to drive growth, create jobs, and compete globally.\u201d<\/p>\n
Upon its deployment to Petroleum Mining Lease (PML) 15, the FPSO is expected to boost Nigeria\u2019s oil production and enhance national revenue, aligning with the economic diversification goals of President Bola Ahmed Tinubu’s Renewed Hope Agenda.<\/p>\n
Governor Zulum concluded that the project\u2019s success reflects the \u201cresilience, innovation, and self-reliance\u201d that define ongoing efforts to rebuild Borno State.<\/p>\n
\u201cIt inspires confidence that, with determination and partnership, Nigeria\u2019s best days lie ahead,\u201d he said.<\/p>\n
He wished the EMEM FPSO a safe voyage and productive operations, calling it a \u201csymbol of Nigeria\u2019s strength, ingenuity, and promise.\u201d<\/p>\n
The event was attended by the Governor of Adamawa, Hon. Ahmadu Umoru Fintiri and his Akwa Ibom state counterpart, Umo Eno; elder statesman Ambassador Babagana Kingibe (GCON); Chairman (CEO) Oriental Energy Resources, Alhaji Muhammadu Indimi; Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and representative of the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC).<\/p>\n","protected":false},"excerpt":{"rendered":"
By Dauda Iliya Borno State Governor, Professor Babagana Umara Zulum has described the first indigenous Floating Production, Storage, and Offloading (FPSO) vessel, owned by Nigerian oil magnet, Alhaji (Dr) Muhammadu Indimi, as a landmark achievement for Nigeria’s industrial and technological advancement. Governor Zulum stated this on Saturday, at the sail away ceremony of the EMEM […]<\/p>\n","protected":false},"author":1,"featured_media":3300,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17,31,18,12,16],"tags":[],"class_list":["post-3298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline","category-economy","category-heritage","category-maiduguri","category-news"],"yoast_head":"\n