President Bola Ahmed Tinubu will on October 8, 2025, commission the Otakikpo Onshore Crude Oil Export Terminal in Rivers State, a landmark facility developed by Green Energy International Limited (GEIL), operator of the Otakikpo field PML 11 in Ikuru Town, Andoni Local Government Area.
The $400 million project is the first indigenous onshore crude oil export terminal built in Nigeria by a wholly Nigerian-owned company, and the first to be constructed in the country in over five decades. The last facility of its kind, the Forcados Terminal, was inaugurated in 1971.
According to a statement issued by GEIL’s Executive Director of Legal and Corporate Services, Mr. Olusegun Ilori, the inauguration will be attended by Rivers State Governor, Siminalayi Fubara, senior federal government officials, and key stakeholders in the oil and gas industry, led by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri.
Ilori explained that the terminal’s completion aligns with President Tinubu’s agenda to boost crude oil production and address long-standing challenges in the sector. He emphasised that oil operators have consistently identified evacuation bottlenecks as a major impediment to meeting the Federal Government’s target of producing three million barrels per day.
The Otakikpo facility is expected to serve as a lifeline to more than 40 stranded oil fields by providing a ready evacuation outlet, thereby unlocking millions of barrels of crude previously trapped in storage.
With an initial storage capacity of 750,000 barrels—expandable to three million barrels—and a loading capacity of 360,000 barrels per day, the terminal is also projected to help reduce production costs across the industry.
Speaking ahead of the commissioning, GEIL Chairman/CEO and Chief Host of the event, Professor Anthony Adegbulugbe, described the project as transformative.
“What we have achieved here is not just a storage solution, but a game-changing national infrastructure that has opened a new pathway for about 40 stranded oil fields to finally contribute to the economy,” he said.
