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Home Business & Finance Business

Nigerian oil firms invest in modern fleets to fix offshore gaps

Indigenous operators upgrade fleets and systems to boost safety and efficiency

Peculiar Adirika by Peculiar Adirika
January 26, 2026
in Business, News
0
Nigerian

Nigerian offshore logistics firms invest in modern fleets and technology to reduce downtime, improve safety, and cut reliance on foreign vessels

Nigerian oil and gas service companies are stepping up investments in modern vessels, disciplined operational systems, and technology-driven processes to address longstanding inefficiencies in offshore logistics, as operators seek to reduce downtime, improve safety, and cut reliance on foreign-owned fleets.

Also read: Reps move to sanction 13 oil firms over $456m debt

The offshore oil and gas sector contributes about nine per cent of Nigeria’s Gross Domestic Product and more than 90 per cent of export earnings.

Yet logistical bottlenecks, including ageing vessels, weak maintenance culture, and fragmented operational systems, continue to disrupt offshore operations and inflate costs for energy producers.

Industry data from the International Association of Oil and Gas Producers indicate that nearly 40 per cent of offshore support vessels operating in West Africa are over 20 years old, a factor linked to frequent mechanical failures and rising operating expenses.

Experts warn that such conditions also weaken emergency response capacity, increasing safety and environmental risks.

Captain Tami Adu, an offshore vessel expert, has estimated that Nigeria loses more than 500 million dollars annually through an unstructured shipbroking system and weak regulatory compliance.

According to him, the informal nature of vessel chartering enables revenue leakages, bypasses cabotage taxes, and compromises operational efficiency.

Beyond fleet age, poor integration of technology remains a critical weakness.

Many logistics providers still rely on manual reporting and reactive maintenance, limiting predictive planning and increasing uncertainty in deepwater and remote offshore operations.

Against this backdrop, indigenous operators are positioning themselves as a strategic solution.

Tamrose Limited, an indigenous marine logistics and offshore support company, has emerged as a notable example.

Founded in 2010 with the acquisition of its first vessel, the company now operates a fleet of 15 offshore support vessels, including platform supply and security patrol vessels.

A major turning point came in 2019 when Tamrose secured a 10 million dollar facility from the Nigerian Content Intervention Fund, an initiative of the Nigerian Content Development and Monitoring Board.

With additional support from commercial banks, the funding enabled the company to expand its fleet from four to 15 vessels, create more than 250 direct jobs, and support over 600 indirect livelihoods across the maritime value chain.

More than 100 Nigerian seafarers have also received internationally certified training, strengthening local capacity and reducing dependence on expatriate manpower.

At a ceremony held in November 2025 at the NCDMB headquarters in Yenagoa, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, praised the company for effectively deploying the intervention funds and expanding operations beyond Nigeria into Angola and other African markets.

“This is a celebration of a partnership that works,” Lokpobiri said, assuring indigenous operators of continued government support to deepen local capacity in the oil and gas sector.

NCDMB Executive Secretary Felix Ogbe described Tamrose as evidence that Nigeria’s local content policy can deliver tangible industrial results when paired with accountability and performance.

He said the intervention fund was designed to support Nigerian-owned companies that demonstrate capacity and discipline.

The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, also commended the company for maintaining a fully Nigerian-flagged fleet and upholding high safety standards.

Tamrose’s Executive Chairman, Ambrose Ovbiebo, said the company’s growth reflects what is possible when structured financing, disciplined execution, and local expertise align.

He noted that the firm has evolved from operating four small security vessels into a trusted logistics partner for international oil companies operating across Africa.

As Nigeria seeks to stabilise offshore production and attract new investment, analysts say indigenous offshore logistics providers will play an increasingly decisive role.

Also read: Delta community urged to demand for justice amid oil firms’ divestment

With modern fleets, stronger compliance, and technology-driven operations, Nigerian offshore logistics is gradually shifting from a source of risk to a pillar of resilience in the country’s energy future.

Peculiar Adirika
Peculiar Adirika

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