Nigeria’s offshore oil and gas sector is set to receive a boost as Warri-based JAD Construction Ltd. moves to acquire two advanced liftboats, strengthening the nation’s ability to support offshore operations and field maintenance.
According to industry sources, JAD has entered agreements to purchase the vessels from U.S.-based SEACOR Marine Holdings Inc. for $76 million in cash. The three-legged liftboats — the Jill (built 2014) and the Robert (built 2011) — are designed for a range of offshore services, from platform maintenance to subsea work.
Industry analysts say the move reflects a broader trend of Nigerian firms taking ownership of critical offshore assets to meet local content targets and reduce reliance on foreign-chartered vessels. The acquisition is expected to improve the country’s capacity to serve both oil producers and emerging offshore energy projects.
While the deal represents a strategic exit for SEACOR from certain high-volatility markets, for JAD it marks an expansion into asset ownership that could unlock new service contracts. The transaction is projected to close in the third quarter of 2025, pending regulatory approvals.
“This is more than just a vessel purchase; it’s about building Nigeria’s offshore infrastructure and capabilities for the long term,” one maritime industry observer commented.
