Jagal Energy Commits US$550m to Deepen Nigeria – UK Relations; Attracts More Investments
Jagal Energy has invested over US$550m at the Snake Island Integrated Free Zone (SIIFZ) and continues to expand to drive greater local content capability, working with the UK and many others.
This was disclosed as the new British Deputy High Commissioner for Lagos, Laure Beaufils, visited Snake Island Integrated Free Zone (SIIFZ) to see first-hand the significant potential to further strengthen the bilateral relationship between the United Kingdom and Nigeria, by enabling UK businesses to partner with Jagal Energy and Nigerdock and to promote exports to, and investment in, Nigeria.
Beaufils made this known during her visit to the company’s extensive facility, located at SIIFZ in Lagos, as part of her familiarization of the oil and gas industry in her new role to explore opportunities for UK firms to do business in Nigeria.
Speaking during the visit, the British Deputy High Commissioner lauded the significant contributions of Jagal Energy and Nigerdock to the growth of Nigeria’s energy sector by stating:
“The scale of investment within Nigerdock here is much more than I had anticipated. The facility is very large and there is so much strategic investment in terms of materials and facilities which provides massive opportunities for companies working in oil and gas supply chain to partner with Nigerdock and Jagal Energy”.
Impressed by what she saw, added that there is a lot more that can be done, “We all know that oil and gas industry contributes hugely to Nigeria’s export revenue, so it is fundamental that this industry continues to be effective and efficient. Stakeholders like Jagal Energy are key players in the field. And they are at the heart of growth, job and economic development in Nigeria,” she noted.
The British Deputy High Commission will explore opportunities for UK businesses to partner with Nigerdock as this can further strengthen the socio-economic and political ties between the two countries.
While presenting an overview of Jagal Energy to the delegation, the Group MD Chris Bennett explained that Jagal has been at the forefront in providing world class services in Nigeria’s energy sector for many years, driven by its core values of leadership, excellence, accountability and dynamism.
“Nigerdock is a wholly owned Nigerian company with diverse capabilities that support highly complex oil and gas projects, during all stages of an asset lifecycle’’. He said the company’s facility is an integrated hub that offers services to broad range of leading global IOC’s and National clients across the energy sector.