LAGOS – Green Energy International has completed its first crude export from a newly built onshore terminal in the southern part of the country, the Nigerian energy company said in a statement.
The Otakikpo facility, near Port Harcourt in Rivers state, is the first indigenous onshore terminal constructed in Nigeria in five decades.
It received its maiden shipment on June 8 via a vessel chartered by Shell, following the start of crude injection in late March and the completion of construction ahead of schedule in May, according to the statement released Saturday.
The terminal currently handles output from the Otakikpo marginal field, operated by Green Energy International, which is producing 10,000 barrels per day. With a design capacity of 250,000 barrels per day, the facility offers significant room for third-party injectors.
Prof. Anthony Adegbulugbe, chairman of Green Energy International, said the terminal was designed to offer export solutions for companies that lack access to infrastructure or the capital to build their own.
“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 vandalization. So we offer that solution,” he said.
The terminal features a 23-kilometer bi-directional offshore pipeline and an initial storage capacity of 750,000 barrels. Future expansion could raise this to 3 million barrels, depending on market demand. It can export up to 360,000 barrels per day.
All connecting pipelines are three-phase and capable of transporting crude, gas and water, offering additional security against vandalism, the company said.
“So you are sure that if you bring your 100 barrels to our terminal, you can get paid for 100 barrels. This is the kind of option we are bringing to the table,” Adegbulugbe said.
