Port Harcourt, June 3, 2025 — Green Energy International Limited (GEIL) has officially commissioned the Otakikpo onshore crude oil export terminal, the first indigenous oil terminal of its kind in Nigeria. Located in the OML 11 block near Port Harcourt, Rivers State, the $400 million terminal is set to transform Nigeria’s crude evacuation process by unlocking over 40 stranded oil fields and reducing export costs significantly.
The terminal boasts a storage capacity of 750,000 barrels, with plans to expand to 3 million barrels, and a pumping capacity of 360,000 barrels per day. It is connected to an offshore single point mooring through a 23-kilometer pipeline, facilitating smoother export operations. The facility also accommodates crude injection from third-party producers, with a capacity of up to 250,000 barrels daily.
Shell recently loaded the first crude cargo from Otakikpo, marking an early start to operations ahead of schedule.
The project is expected to cut Nigeria’s crude production and evacuation costs by approximately 40%, offering a cost-effective alternative to the traditional barge system, which incurred daily expenses of about $120,000. This development aligns with Nigeria’s ambition to increase crude oil production to 3 million barrels per day by 2030.
Green Energy emphasized its commitment to local content, with over 90% of construction handled by indigenous contractors. Civil works were notably led by the Okan-Ama of Ikuru Town, an Andoni traditional ruler.
Building on this success, Green Energy plans to develop five additional onshore terminals nationwide, investing $5.5 billion to decentralize crude export infrastructure and support economic growth.
The Otakikpo terminal marks a major milestone in Nigeria’s energy sector, showcasing the growing capabilities of indigenous firms to drive innovation and enhance national energy security.