President Bola Tinubu is scheduled to commission the Otakikpo Onshore Crude Oil Export Terminal on October 8, 2025. Developed by Green Energy International Limited (GEIL), the facility marks a significant milestone as Nigeria’s first indigenous onshore crude export terminal in over five decades.
Located in Ikuru Town, Andoni Local Government Area of Rivers State, the terminal boasts an initial storage capacity of 750,000 barrels, expandable to 3 million barrels, and a loading capacity of 360,000 barrels per day. The project was completed ahead of schedule in less than two years, with an initial investment exceeding $400 million and full development projected to reach $1.3 billion. The terminal is designed to support up to 250,000 barrels per day of crude injection, currently processing output from the Otakikpo field, which produces about 10,000 barrels per day. It also opens strategic opportunities for third-party producers, particularly the more than 40 nearby stranded fields estimated to contain over 3 billion barrels of oil equivalent.
The inauguration is expected to attract key officials, including the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, and Rivers State Governor, Siminalayi Fubara. The terminal aims to address long-standing evacuation challenges in Nigeria’s oil sector and is projected to unlock over 40 stranded oil fields, potentially adding significant capacity to the nation’s crude output.
According to a statement from GEIL’s Executive Director of Legal and Corporate Services, Olusegun Ilori, the terminal aligns with President Tinubu’s drive to boost crude oil production and address Nigeria’s long-standing evacuation challenges. Ilori emphasized that the project supports the administration’s commitment to raising output while reducing costs.
Chairman and Chief Executive of GEIL, Professor Anthony Adegbulugbe, described the terminal as a “game-changing national infrastructure.” He noted that the facility provides a pathway for about 40 stranded oil fields to finally contribute to the economy.
The commissioning underscores the Federal Government’s renewed efforts to restore investor confidence in Nigeria’s oil sector, which has struggled with declining production, pipeline vandalism, oil theft, and rising operational costs in recent years.
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