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Otakikpo Crude Export Terminal

Sector: Oil and Gas • Location: Otakikpo, Nigeria

Source: Tradewinds News

Project
Operational

The Otakikpo facility is a new private crude export terminal in Nigeria, developed by Green Energy International Ltd (GEIL). It has an initial storage capacity of 750,000 barrels, potentially rising to 3 million barrels, and a maximum export loading capacity of 360,000 barrels per day. Crude is piped 23 km through a 20-inch pipeline to a single point mooring buoy in the Atlantic Ocean where suezma

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The project “Otakikpo Crude Export Terminal” is an infrastructure initiative in the Oil and Gas sector, located in Otakikpo, Nigeria. Taiyo aggregates data on it from Tradewinds News.

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Description

Description

The Otakikpo facility is a new private crude export terminal in Nigeria, developed by Green Energy International Ltd (GEIL). It has an initial storage capacity of 750,000 barrels, potentially rising to 3 million barrels, and a maximum export loading capacity of 360,000 barrels per day. Crude is piped 23 km through a 20-inch pipeline to a single point mooring buoy in the Atlantic Ocean where suezmax and aframax tankers can load. The terminal replaces an expensive barging system, reducing shipping costs by at least 40%.

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