{"id":24489,"date":"2024-12-20T09:55:04","date_gmt":"2024-12-20T09:55:04","guid":{"rendered":"https:\/\/techandbiz.com.ng\/tab-backup\/?p=24489"},"modified":"2024-12-20T09:55:44","modified_gmt":"2024-12-20T09:55:44","slug":"vice-president-shettima-commissions-315-million-fpso-vessel-in-dubai","status":"publish","type":"post","link":"https:\/\/techandbiz.com.ng\/tab-backup\/2024\/12\/20\/vice-president-shettima-commissions-315-million-fpso-vessel-in-dubai\/","title":{"rendered":"Vice President Shettima Commissions $315 Million FPSO Vessel in Dubai"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>In a significant milestone for Nigeria&#8217;s oil sector reforms, Vice President Kashim Shettima represented President Bola Ahmed Tinubu at the commissioning and naming ceremony of a $315 million Floating Production, Storage, and Offloading (FPSO) vessel at the Drydocks World Dubai Shipyard in Dubai, United Arab Emirates.<\/p>\n<p>The state-of-the-art FPSO vessel, which boasts a storage capacity of one million barrels, is expected to revolutionize Nigeria\u2019s oil production capabilities. Initially set to produce 17,000 barrels per day, output is projected to ramp up to 30,000 barrels per day (bpd). The vessel is scheduled to leave Dubai for Nigeria in the first quarter of 2025, with production commencing at the Okwok Oil Field in the first half of the year.<\/p>\n<p>Speaking at the event, Vice President Shettima described the development as a pivotal moment for Nigeria&#8217;s energy sector. \u201cThis facility represents more than just a maritime infrastructure project; it stands as a testament to the success of President Tinubu\u2019s reforms in the oil sector and Nigeria\u2019s expanding global influence,\u201d he said.<\/p>\n<p>This achievement underscores President Tinubu&#8217;s commitment to revitalizing Nigeria\u2019s oil industry and solidifying the nation\u2019s position on the global energy map.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In a significant milestone for Nigeria&#8217;s oil sector reforms, Vice President Kashim Shettima represented President Bola Ahmed Tinubu at the commissioning and naming ceremony of a $315 million Floating Production, Storage, and Offloading (FPSO) vessel at the Drydocks World Dubai Shipyard in Dubai, United Arab Emirates. The state-of-the-art FPSO vessel, which boasts a storage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24492,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"class_list":["post-24489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/24489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/comments?post=24489"}],"version-history":[{"count":0,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/24489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/24492"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=24489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=24489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=24489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}