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Alternative Crude Oil Evacuation System (ACOES)

Sector: Road • Location: Nigeria

Source: Financial Conduct Authority (FCA)

ProjectPrivate

The ACOES project comprises a new pipeline from OML 18 and a floating storage and offloading vessel (FSO) to provide a dedicated oil export route in Nigeria. The system is expected to reduce downtime and pipeline losses associated with the Nembe Creek Trunk Line. San Leon Energy plc conditionally invests US$2 million for 1.323% equity in Energy Link Infrastructure (ELI), owner of ACOES, with an op

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The project “Alternative Crude Oil Evacuation System (ACOES)” is an infrastructure initiative in the Road sector, located in Nigeria. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

The ACOES project comprises a new pipeline from OML 18 and a floating storage and offloading vessel (FSO) to provide a dedicated oil export route in Nigeria. The system is expected to reduce downtime and pipeline losses associated with the Nembe Creek Trunk Line. San Leon Energy plc conditionally invests US$2 million for 1.323% equity in Energy Link Infrastructure (ELI), owner of ACOES, with an option to invest a further US$6.5 million for an additional 4.302% equity, totaling US$8.5 million. The project is expected to be commissioned in the second half of 2021.

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