In a groundbreaking achievement for Nigeria’s oil and gas sector, Green Energy International Limited (GEIL) led by Prof. Anthony Adegbulugbe has completed the Otakikpo crude oil terminal, marking the country’s first indigenous onshore crude export facility in over five decades.

The newly constructed terminal boasts an initial storage capacity of 750,000 barrels, with potential expansion to 3 million barrels. It also features a 360,000 barrels per day pumping capacity for loading export tankers, making it one of the most significant infrastructure projects in Nigeria’s energy landscape.

Fast-Tracked Development & Economic Impact

The project, completed ahead of schedule in under two years, has already made history as the first privately developed crude oil terminal by an African operator. With an initial investment exceeding $400 million and a full-phase development projection of $1.3 billion, GEIL’s commitment to expanding Nigeria’s oil export infrastructure is evident.

The Otakikpo terminal is designed to accommodate up to 250,000 barrels per day of crude injection, while the Otakikpo field currently produces around 10,000 barrels per day. This opens strategic opportunities for third-party producers, particularly over 40 nearby stranded fields estimated to hold more than 3 billion barrels of oil equivalent (BOE).

Boosting Nigeria’s Oil Logistics & Ogoni Field Development

Beyond supporting stranded reserves, the terminal’s proximity to the Ogoni fields aligns with President Bola Ahmed Tinubu’s administration’s pledge to revitalize the Ogoni and Opobo fields, which have remained underdeveloped for more than 30 years. By unlocking these assets, GEIL’s infrastructure provides cost-effective evacuation for stranded oil, positioning Nigeria for increased production and export growth.