Lee Engineering Launches $100m Fabrication Plant

By April 17, 2018 Investment News

Lee Engineering and Construction Company has established a $100 million fabrication plant in Warri, Delta State, to meet the fabrication needs of multinational companies in the oil and gas sector.
Before now, the feat in the sector could only be achieved by industry giants like Shell, Mobil and Total.

The Chairman and Managing Director of the company, Chief Lemon Ikpea, said the vision of the new fabrication plant was to build an indigenous world-class manufacturing and fabrication workshop that would serve the industrial needs of Nigeria and Africa; especially in the oil and gas and power sectors.

Ikpea added that he was motivated to set up the fabrication company in order to contribute his quota to the oil and gas sector and also to tap into the local content drive of the Federal Government.

The newly completed oil and gas production plant is dedicated to produce high-pressure vessels, heat exchangers, gas-heat exchangers, water bath heaters, glycol, skits, scrubbers, process modules, tanks and flare systems, as well as carry out maintenance on existing pressure/process vessels and their components.

He said the project would be ready for commissioning hopefully by President Muhammadu Buhari by April 2018.
Ikpea said, “If you look around the oil and gas sector, most production is done outside the shores of this country, and if we fold our hands and wait for government’s foreign friends and partners to transfer technology to this country, I don’t see that happening, considering the market situation. If they transfer technology to you, the question to ask will be, “Who will be buying from them?”

“Our mission is to produce high quality, reliable and durable products through competent workforce and best technology within regulatory laws. We intend to change the existing orientation of clients procuring similar components abroad with scarce hard currency and, in the process, boost the national economy and reduce procurement lead time.”

Chief Ikpea said his drive was also to support the government in creating jobs for the teeming unemployed youths and save huge foreign reserve for the nation.

Source: Dailytrust