Continental Focus, International Reach

Skye Bank Boosts Local Content Capability with Funding

Thursday, February 26, 2015

In Nigeria, Skye Bank is doing its part to boost local content through funding for indigenous firms. The lending institution increased the capability of one of its corporate customers, Marine Platforms Ltd., by funding the acquisition of a multi-purpose support marine vessel that provides offshore support services to the oil and gas companies.The new ship named African Inspiration, is a brand new multi-purpose vessel that can perform a variety of functions.

Marine Platforms provides wellbore clean out, subsea solutions, and vessel chartering services in Nigeria and across the continent.

A statement quoted the bank’s group MD and CEO Timothy Oguntayo, who spoke at the unveiling and vessel tour in Lagos as sayingSkye Bank was happy to support indigenous participation and local content in the nation’s oil and gas sector, particularly the upstream end. He went on to say that the bank’s continued partnership with and assistance to the company will enable it to fulfill its vision and corporate objective of being an industry leader in the provision of support services to the oil and gas companies.


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