President Bola Ahmed Tinubu is set to commission the Otakikpo Onshore Crude Oil Export Terminal in Rivers State, a major development worth about $400 million, representing the first new crude oil export facility built in Nigeria in over half a century.
The terminal is operated by Green Energy International Limited (GEIL), which also runs the Otakikpo field (PML 11).
It is located in Ikuru Town, Andoni Local Government Area.
The inauguration is scheduled for October 8, 2025, and is expected to draw top federal officials including the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, as well as the Governor of Rivers State, Siminalayi Fubara, among others.
The new terminal has an initial storage capacity of 750,000 barrels, which can be expanded to three million barrels, and its loading capacity is about 360,000 barrels per day.
This facility is expected to serve over 40 “stranded” oil fields that currently face difficulties exporting due to lack of adequate evacuation infrastructure.
These fields will now have a direct and reliable outlet to move their crude production.
This terminal marks a turning point because the last time Nigeria built a new crude oil terminal was in 1971, when the Forcados Terminal was commissioned.
Since then, Nigeria has relied mainly on terminals built by foreign actors. The Otakikpo Terminal is notable not just for being new, but because it is wholly indigenous and onshore.
Country-wide, this means potentially lower costs for oil production and improved efficiency in export operations.
With many oil-producing operations hampered by evacuation bottlenecks, the commissioning of Otakikpo is part of President Tinubu’s broader strategy to raise Nigeria’s crude oil production and unlock the economic benefits of fields that have been inactive or under-utilised due to infrastructure constraints.
Professor Anthony Adegbulugbe, GEIL’s Chairman and CEO, described the terminal as being more than a storage and export outlet, calling it a “game-changing national infrastructure”.
Olusegun Ilori, the Executive Director of Legal and Corporate Services at GEIL, emphasized that the development helps address long-standing evacuation challenges that have dampened the country’s ability to hit its target of producing three million barrels per day.
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