Samsung Heavy Industries Nigeria (SHIN) Limited

Samsung Heavy Industries Nigeria (SHIN) Limited is the Nigerian subsidiary of South Korea's Samsung Heavy Industries (SHI), one of the world's largest shipbuilders and offshore engineering contractors. SHIN was established to support SHI's growing involvement in Nigeria's oil and gas sector, particularly in the construction and installation of offshore platforms, floating production facilities, and marine infrastructure. The company operates as a local entity that leverages SHI's global engineering expertise while complying with Nigerian local content requirements. SHIN's primary activities include engineering, procurement, and construction (EPC) services for offshore oil and gas projects, as well as shipbuilding and marine services. The company has been involved in several major projects in Nigeria, including the Egina FPSO (floating production storage and offloading) unit, one of the largest in the world, which was partially built and integrated in Nigeria. This project marked a significant milestone for local content development in the Nigerian oil and gas industry. The company is headquartered in Lagos, Nigeria, and operates within the framework of Nigeria's oil and gas industry regulations, including the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. As a subsidiary of Samsung Heavy Industries, SHIN benefits from the parent company's advanced technology, global experience, and financial strength. The parent company, Samsung Heavy Industries, is listed on the Korea Exchange and is part of the Samsung Group, one of South Korea's largest conglomerates. SHIN's market positioning is that of a high-capability local contractor with access to international expertise, serving international oil companies (IOCs), national oil companies, and other operators in Nigeria's upstream and midstream sectors. The company contributes to the development of local engineering talent and infrastructure, aligning with the Nigerian government's local content policy. While specific financial and operational details of SHIN are not publicly disclosed, its role in flagship projects like Egina underscores its strategic importance in Nigeria's offshore energy landscape.

Samsung Heavy Industries Nigeria (SHIN) Limited was established as a subsidiary of Samsung Heavy Industries (SHI) to pursue opportunities in Nigeria's offshore oil and gas sector. SHI, founded in 1974 and headquartered in Seoul, South Korea, is a global leader in shipbuilding and offshore engineering. The Nigerian subsidiary was created to localize operations and comply with Nigeria's local content laws, which encourage foreign companies to establish local entities and develop local capabilities. SHIN's most notable project to date is its involvement in the Egina FPSO, a massive floating production unit for TotalEnergies (then Total) that began production in 2018. The Egina field is located about 150 km offshore Nigeria and is one of the largest deepwater developments in the country. SHIN was responsible for the construction of the FPSO's hull and integration of topsides modules in Nigeria, working at the Lagos Deep Offshore Logistics (LADOL) base. This project was a landmark for Nigerian local content, as it involved significant fabrication and integration work within Nigeria, creating jobs and transferring skills. In addition to Egina, SHIN has been involved in other offshore projects and provides engineering, procurement, construction, and installation services. The company has faced challenges common to the Nigerian oil and gas industry, including security concerns, regulatory changes, and fluctuating oil prices. However, it continues to operate as a key player in the country's offshore engineering sector, leveraging SHI's global resources and technology. The parent company, Samsung Heavy Industries, has a long history dating back to 1974 and has delivered numerous ships and offshore facilities worldwide. SHI is listed on the Korea Exchange and is part of the Samsung Group. SHIN benefits from this heritage and continues to pursue opportunities in Nigeria and West Africa.

• 2018

  Egina FPSO, involving SHIN's construction and integration work, begins production offshore Nigeria.

High-capability local contractor with international expertise, supporting Nigeria's local content development in offshore oil and gas.

• Offshore EPC services

  Engineering, procurement, and construction for offshore oil and gas facilities.

• FPSO construction and integration

  Building and integrating floating production storage and offloading units.

• Marine engineering

  Marine engineering services for offshore projects.

• 2021-08-12

  Samsung Heavy Industries Nigeria received TETFund Award of Merit[1]三星重工业尼日利亚公司获得 TETFund 优异奖thisdaylive.com

  Samsung Heavy Industries Nigeria received an Award of Merit from the Tertiary Education Trust Fund at the Third Edition of the TETFund Taxpayers’ Forum in recognition of its compliance with Nigerian tax laws and payment of the Education Trust Fund contribution.

• 2021

  Samsung Heavy Industries Nigeria receives Forbes award[2]三星重工尼日利亚公司获得《福布斯》奖项thisdaylive.com

  Samsung Heavy Industries Nigeria received the Forbes’ Best of Africa Offshore Oil and Gas Facilities Development Award.

• Unconfirmed

  Samsung Heavy Industries Nigeria sponsors cataract surgeries for Nigerian patients[3]三星重工尼日利亚公司赞助尼日利亚患者白内障手术thisdaylive.com

  Samsung Heavy Industries Nigeria (SHIN) is sponsoring cataract surgeries for at least 100 Nigerian patients as part of its corporate social responsibility activities. The surgeries are planned for October 1–4, 2019, at LASUTH hospital in Lagos.

1. 1三星重工业尼日利亚公司获得 TETFund 优异奖thisdaylive.com
2. 2三星重工尼日利亚公司获得《福布斯》奖项thisdaylive.com
3. 3三星重工尼日利亚公司赞助尼日利亚患者白内障手术thisdaylive.com