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Nigeria is expected to save about $120 million or N37.75 billion (going by the current exchange rate of N314.65 to a dollar) in demurrage annually, following Oando Plc’s construction of first mid-stream jetty in the country. The novel infrastructure, which is the downstream sector’s first in decades, will provide a more efficient platform for product receipt to all marketers currently using the Major Marketers Association of Nigeria,MOMAN jetty. It will ease the plight of oil marketers’ as the facility, which has a half-kilometre subsea pipeline, and a 16″ 3km onshore line, is capable of delivering over three million tonnes a year. The jetty has berthed its first cargo, MT Falcon Nostros, a 22,000-metric ton cargo vessel, following statutory checks in Lagos. Product discharge was said to have lasted two days in line with design parameters, and validates the jetty project with regard to overall design, integrity of the jetty platform, pipelines, integrated systems and resulting operational efficiency. Speaking at the maiden berth, Chief Executive Officer of OVH Energy, Oando’s downstream licensee, Mrs. Olaposi Williams said: “This maiden vessel is further proof that the jetty’s entire integrated product discharge and receipt systems can support requisite operational rigours.
