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GREEN ENERGY INT’L LTD UNVEILS FIRST INDIGENOUS ONSHORE CRUDE OIL TERMINAL IN NIGERIA
…As Chairman Prof. Anthony Adegbulugbe says facility installed to offer solutions to challenges investors face in oil and gas industry
…Facility came on stream 50 years after Nigerians relied solely on terminals built by multinationals
It is a story emphasising the record set by an oil and gas industry in Nigeria by putting in place the first indigenous onshore terminal in the Federal Republic of Nigeria.
It is about the feat achieved by Green Energy International Limited led by an outstanding Ondo-born entrepreneur, energy expert and philanthropist, Professor Anthony Olusegun.
This story explains why stakeholders in the oil and gas industry in Nigeria, the government and the entire populace should celebrate the Inauguratiion of such a facility in the the Niger Delta region and the country in general.
A crude oil terminal, be it onshore or offshore is the terminus of the crude oil production and excavation process.
It is the facility through which crude is delivered to export tankers.
Until the end of March 2025, Nigeria had five large-sized onshore crude oil terminals, each with capacity to pump 300,000 barrels of oil per day into seaborne export transportation units.
They include the Bonny terminal built by Shell Petroleum and now operated Renaissance Africa Energy Limited, Qua Iboe terminal built by Mobil Producing and now operated by Seplat Energy, Brass Oil River Terminal built by Nigerian Agip now operated by Oando, Forcados terminal built by Shell Petroleum now operated by Renaissance Africa Energy Limited and Escravos terminal built and operated by Chevron.
These five terminals are the export points of about 50 percent of Nigerian crude oil condensate.
They were built by multi-nationals over 50 years ago to receive crude from fields operated by these companies and export them to foreign markets.
The newly completed Otakikpo terminal installed by Green Energy International Limited is the first of such facility to be constructed by Nigeria-owned operator.
Project construction commenced in the second quarter of 2023 and was delivered by first quarter of 2025 ahead of schedule.
The phase one project cost is in excess of 400million dollars with projected full phase development cost of over 1.3billion dollars
The Otakikpo terminal is designed to handle up to 250,000 barrels per day crude injection while the field currently produces at 10,000 barrels per day.
This corresponds to a capacity utilisation level of only 4 percent, thereby providing a remarkable opportunity for third party injectors.
Injection of crude oil into the tanks started on March 30, 2025 as the operators are on track for first export before the end of May 2025.
The project which attracted professionals and stakeholders from within and outside the country began by February, 2023 with site occupation, erection of structures, tank installation, pipeline connections and eventually got fit for operations in May 2025.
In an interview with the Chairman of Green Energy International Limited, Professor Anthony Adegbulugbe, he said the project was designed to solve various challenges associated with oil excavation and exporting.
Adegbulugbe stated that the record facility is out to cater for four set of Investors.
In his words, “the Otakikpo terminal which is the newest is catering for four sets of of E and P companies. The first set are those who have small reserves far away from oil export infrastructure pipeline and they can’t afford to build a pipeline because of the small reserves”.
“This time around, they have a solution through trucking option. That is, they can truck 1,000-1,500 barrels into our terminal. Getting to the terminal, we have very good road network. So, if you are around 50 kilometres or thereabouts, you can come to Otakikpo terminal”.
“Then, another set of companies have fields around creeks where they can’t do any trucking but they can do barging. Again, we cater for those in that category. They can barge or even aggregate and come to where we call kilometre 6 because we already have a pipeline from our field to 6 kilometers offshore and it is a bi-directional, which we are using right now for our export as we can turn it around”.
“You can bring your barge to kilometer 6, pump your oil onshore and from onshore it goes directly into our terminal. So that again gives succour to those fields and there are so many of them”.
“The third set of Investors are those who have fields 20 kilometers offshore. One of the mitigating factors for them for exporting is that they may not have enough capital to facilitate the required facility. Again, we have a 23-kilometre bi-directional pipeline offshore”.
“They can have a smaller vessel, produce and come to kilometer 23 and pump again onshore and they can export”, Professor Adegbulugbe explained.
“The fourth set are the companies within 40 kilometres from us. Even if they have enough money for the required infrastructure, there is issue of theft. They produce hundred barrels and get paid sometimes about 80% with 20% loss and that is imparting on their bottom line. Again, we offer a solution”.
The Chairman, Green Energy International Limited stressed that the pipelines are designed to be in three-phase as part of strategies to ensure safety.
“All the pipelines coming to us are designed to be three-phase. Multipurpose solution. That is, you give us your oil, give us water, give us your gas. With gas in that pipeline, it is relatively safe from pipeline vandalisation. So we offer that solution”.
“So you are sure that if you bring your one hundred barrels to our terminal, you can get paid for 100 barrels. This is the kind of option we are bringing to the table. Solving problems for investors who want the bottom line to be better”, Prof. Adegbulugbe added.
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