NigerStar 7 Acquires Two Offshore Construction Vessels

By November 29, 2019 Investment News

NigerStar 7, an oil and gas services operator, has announced the addition of two offshore construction vessels to its Nigerian fleet.

The company said it had acquired and reflagged the Seven Antares and Seven Inagha offshore construction support vessels, as part of its investment in Nigeria and support for government policies on local content.

According to a statement, Seven Antares is a modern pipelay and accommodation vessel with a 300 tonnes crane, ideal for conventional offshore projects in shallow and slightly deeper waters, while Seven Inagha is a modern jack-up accommodation and crane barge, suited to shallow water depths.

It said NigerStar 7 was created by Subsea 7 and Jagal in response to the opportunities created by the Nigerian Oil and Gas Industry Content Development Act.

The Chairman of NigerStar 7, Jagal and Nigerdock, Anwar Jarmakani, said at a ceremony in Lagos on Wednesday, “NigerStar 7 is focused on creating employment opportunities and capacity development, supported by a modern and versatile fleet of marine assets, permanently imported and proudly Nigerian flagged.”

The ceremony to mark the reflagging of the vessels was held at Snake Island Integrated Free Zone in Lagos.

Jarmakani said NigerStar 7 had been growing its presence in Nigeria with operations in Lagos, Port Harcourt, Warri, including marine facilities at the strategic Nigerdock Support Base, owned by Jagal.

The Chief Executive Officer, NigerStar 7, Yann Cottart, “Our mission is to build human and material capacity to cost effectively serve Nigeria’s offshore energy industry and our vision is to be recognised by our clients as the contractor of choice. Today, with the new additions to our vessel fleet, we are closer to our goal.”

“Our vision is to be the leading Nigerian offshore contractor serving the country’s offshore energy industry with the capability and capacity to execute the largest and most complex offshore projects.”

The company noted that following recent announcements by the Federal Government of Nigeria, new strategic targets had been set to increase national oil production to three million barrels per day.

“This latest acquisition by NigerStar 7 of two construction vessels places the company in good stead to support the region,” it added.

Source: Punch