Nigeria November 7 – ASPM Limited, a subsidiary of OVH
Energy Limited, achieved a ground-breaking milestone as it launched its Lagos
Midstream Jetty (LMJ) located at the Lagos Apapa Harbour. The Lagos Midstream
Jetty is West Africa’s first privately owned mid-stream jetty, conceived by
Oando PLC to increase the delivery capacity and offloading efficiency of
petroleum products into marketers’ storage facilities in Apapa Lagos.
The Lagos Midstream Jetty is expected to alleviate the
perennial infrastructural hiccups experienced in Apapa, eliminating the
lightering and demurrage charges currently being incurred by petroleum
marketers by NGN8.3 billion ($23m) and NGN9.8 billion ($27m) respectively.
Additionally, the Jetty will reduce discharge time from 21 to 3 days,
increasing product availability.
With a draft of 13.5m, Length Overall (LOA) of 210m
and a capacity to receive 45,000 DWT vessels (deadweight tonne), the Lagos Midstream
Jetty will discharge at up to 800 m3 (cubic meters) of petroleum products per
hour. The Jetty will operate 24 hours a day to supply products into storage
facilities situated within the Apapa axis, via a 3km submarine pipeline network
linked directly with up to 200,000MT storage belonging to major and independent
marketers in Nigeria. LMJ which is configured to receive all white products
namely petrol, diesel and kerosene, consists of a simple horizontal platform,
five (5) berthing dolphins, and four (4) mooring points.
In comparison to available jetties, the Lagos
Midstream Jetty has the capacity to receive larger vessels of up to 45,000 DWT
in one lot thus reducing the current necessity of bringing in smaller volumes
of petroleum products in several batches. This will result in significant cost
savings on lightering and generate economies of scale advantages for marketers.
at the launch event Chairman OVH Energy, Mr Wale Tinubu said: “The Lagos Midstream Jetty was conceived as
an innovative industry solution to the perennial challenges marketers faced in
the importation of petroleum products. Over the past 30 years, marketers have
spent approximately NGN1.6 Trillion ($4.5 billion) on lightering, with 90% of
this spend flowing out of the country. Today we have delivered a first class
piece of engineering that meets global standards, is the first of its kind in
sub-Saharan Africa and will be of invaluable benefit to the industry and nation
at large. I must thank our regulators, bankers and contractors who believed in
us from the start. It is a proud moment for Oando PLC who conceived the idea
and OVH who have taken up this mantle.
From conception to realisation, the idea of the Lagos Midstream Jetty is
now a reality and is indeed another infrastructural success for us, our nation
and the continent.’’
Commenting further on the facility, the General
Manager of ASPM Limited, a subsidiary OVH Energy, Mr. Deji Osikoya, stated “The Lagos Midstream Jetty is an innovative
infrastructure investment designed to radically transform the efficiency of
Nigeria’s downstream landscape and boost Nigerian’s petroleum downstream
economics. We expect the Jetty to become
an extremely valuable and viable portfolio especially for marketers, reducing delays
caused by infrastructural limitations in Lagos, thus improving marketers’ service
delivery and profitability and reducing the financial drain on the nation’s
The Jetty is equipped with a gangway tower to
facilitate vessel discharge operations and an on-shore control station at
Alapata, Apapa which serves as the central control center for its off-shore and
on-shore operational activities fully equipped with an automated process
Midstream Jetty (LMJ) is fully operational, having berthed 10 vessels and
discharged products totaling 255,000 metric tonnes of cargo demonstrating its
potential as a functionally efficient and safe facility. With a monthly volume
capacity of 240,000metric tonnes, or 240,000,000 litres, the Lagos Midstream
Jetty is set to substantially boost supply of petroleum product into Nigeria, and
contribute an estimated NGN13.1 billion ($36 million) cost reduction in product
imports and associated transactions.” Osikoya
About OVH Energy
OVH Energy is an Africa-focused downstream
company that provides energy solutions for a wide range of needs in Nigeria,
Ghana and Togo. As a leading Africa-focused
downstream energy company, our expertise spans across jetty and terminaling
services as well as the marketing and distribution of refined petroleum
products for domestic, commercial and industrial purposes.
by a passionate workforce, we leverage technology to deliver innovative
solutions to all stakeholders and are committed to transforming West Africa’s
energy value chain.
For further information, please contact:
Head, Corporate Communications, OVH Energy
GM, Legal and Company Secretary, OVH Energy
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