Latest news with #GreenEnergyInternational
Zawya
24-06-2025
- Business
- Zawya
Green Energy International Starts Operations at Nigerian Onshore Terminal
Nigerian energy company Green Energy International has lifted its first crude cargo from the recently-completed Otakikpo onshore terminal, situated near Port Harcourt in Nigeria. The facility received its maiden cargo via a vessel chartered by energy major Shell in June 2025. Crude was transported from the Otakikpo marginal field – located in Rivers State and operated by Green Energy International – signaling the start of operations of the onshore terminal. Green Energy International is a Diamond Sponsor of this year's African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town. The Otakikipo facility represents the first indigenous onshore terminal constructed in the country in five decades. Construction started in 2023, with the terminal completed in June 2025, six-months ahead of schedule. Green Energy International began injecting crude in March 2025, with production averaging 5,000 barrels per day. Since March, the company has received regulatory approval to boost production to 30,000 bpd under a revised field development plan. This aligns closely with ambitions by the company to scale-up Nigerian crude production, supporting African energy development. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. The Otakikpo facility aligns closely with national goals of increasing crude storage and production to two million bpd, as it is expected to play a major role in processing crude from marginal fields. The state-of-the-art facility has a storage capacity of 750,000 barrels, with plans underway to increase capacity to three million barrels, dependent on market demand. The terminal also features an export capacity of 360,000 bpd, with crude transported via a 23-km 20-inch pipeline, connecting to a single point mooring system in the Atlantic Ocean. This way, the terminal is capable of receiving crude from several marginal fields, allowing operators to significantly reduce transport costs by reducing the reliance on costly offshore floating stations. The terminal is also expected to unlock previously-stranded crude resources from more than 40 marginal fields across the region, with a capacity to receive up to 250,000 bpd from third-party producers. As such, the terminal offers a domestic solution to producing, storing and exporting crude, supporting national development goals. The milestone comes as Nigeria strives to increase production through diversified field developments. Marginal fields have been designated as a priority area for the country, with the government implementing mechanisms to attract investment and development across these assets. Notably, in 2020, the government launched a marginal field bidding round to entice operators – both indigenous and international – to invest in these fields. The bid round drew over 591 companies seeking to develop 57 oilfields, with 161 companies shortlisted. Most of these firms represented indigenous operators, highlighting both the commitment by indigenous companies to invest in Nigerian oilfields and the level of opportunity in the company's offshore market. Green Energy International's Diamond Sponsorship of AEW: Invest in African Energies 2025 reflects the company's long-term vision for the Nigerian oil sector. Uniting the entire African energy sector and its value chain in Cape Town, AEW: Invest in African Energies 2025 takes place under a mandate to make energy poverty history, facilitating dialogue and dealmaking and driving projects forward in Africa. The event showcases major projects while connecting operators and financiers, with a view to unlocking new development across the continent. The Otakikpo facility is a critical step towards improving domestic storage and production solutions in Nigeria and serves as a strong example for other indigenous operators in regional markets. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
19-06-2025
- Business
- Zawya
Green Energy International Exports First Crude from New Onshore Terminal in Nigeria
Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility - the first indigenous onshore terminal constructed in the country in five decades – signaling the start of operations at the terminal. The African Energy Chamber (AEC) – the voice of the African energy sector – commends GEIL for the development of the onshore terminal. The AEC believes that facilities such as this will play an instrumental part in supporting marginal field production by facilitating crude exports and increasing revenue generation in Nigeria. As the country strives to produce two million barrels per day (bpd), projects of this nature will support new investments by providing a direct route from offshore fields to market. The Otakikpo terminal was developed in two years - six months ahead of schedule. The company broke ground on the construction of the facility in February 2023, with the development of storage facilities and the associated pipeline advancing in February 2024. Construction works continued to progress through May 2024, with associated infrastructure at the terminal – including offices and pump facilities – progressing in December 2024. By March 2025, the facility began injecting crude, with GEIL's production averaging 5,000 bpd. GEIL has since received regulatory approval from the government to boost production to 30,000 bpd under a revised field development plan. In June 2025, the facility received its first cargo via a vessel chartered by energy major Shell. The maiden cargo transported crude from the Otakikpo marginal field – located in Rivers State and operated by GEIL – to the terminal, kickstarting a new era of efficient crude distribution in Nigeria. The terminal itself is a state-of-the-art facility with a storage capacity of 750,000 barrels. Plans are underway to increase storage capacity to three million barrels – dependent on market demands. The terminal is designed with an export capacity of 360,000 bpd, with crude transported via a 23-km, 20-inch pipeline connected to a single point mooring system in the Atlantic Ocean. At the site, tankers – such as Aframax chartered by Shell – can dock and load. The terminal is expected to significantly reduce operating costs for marginal fields in OML 11, primarily through cost-effective transportation. Prior to the construction of the onshore terminal, GEIL relied on barges to transport crude. However, with the terminal, the company stands to reduce the reliance on costly offshore floating stations, reducing overall operational costs by 40%. For Nigeria's marginal fields, the terminal opens new doors for greater operational efficiency. The terminal is expected to unlock previously-stranded crude from more than 40 marginal fields across the region, with a capacity to receive up to 250,000 bpd from third-party producers. The government has long-sought to revive crude production through the development of marginal fields. A marginal field bidding round was launched in 2020 to entice indigenous operators to invest in marginal field opportunities, drawing in 591 companies seeking to develop 57 oilfields. Ultimately, 161 companies were shortlisted, most of which represented indigenous operators. Improved fiscals introduced through Nigeria's Petroleum Industry Act in 2021 further enticed investments by both international and regional players. Looking ahead, these foundations have seen a rise in marginal field production, with the GEIL-developed onshore terminal set to further support investments and exports. 'GEIL is not only setting a strong benchmark for other independent operators in Nigeria but serves as a testament to the central role indigenous energy companies play in the country's oil and gas sector. By establishing a domestic solution to producing, storing and exporting crude, GEIL is supporting marginal field production while laying the foundation for most efficient oil operations. The facility will play an instrumental part in supporting the country's crude production goals,' states NJ Ayuk, Executive Chairman of the AEC. Distributed by APO Group on behalf of African Energy Chamber.
Yahoo
09-06-2025
- Business
- Yahoo
GEIL-operated Otakikpo onshore terminal completes first crude oil export
Green Energy International (GEIL) has completed the first crude oil export from its Otakikpo onshore terminal in Nigeria, reported the Nigerian Observer. The inaugural shipment was facilitated on 8 June, with a vessel chartered by Shell transporting the maiden cargo from the terminal in Rivers State's Otakikpo marginal field. The Otakikpo terminal is reportedly the first privately constructed and managed onshore crude export terminal in Nigeria in more than five decades. GEIL chairman Anthony Adegbulugbe said: 'We are deeply grateful to all our partners and commend the dedication of our indigenous technical team, who worked relentlessly to bring this project to life. This is a moment of pride for Nigeria and a milestone for African-owned energy enterprises.' The terminal currently has a storage capacity of 750,000 barrels and is equipped to handle the export of 360,000 barrels per day (bpd). GEIL has plans to expand the storage capacity to three million barrels, the report said. The project's initial phase saw an investment of more than $400m (£295.34m), with total development costs expected to surpass $1.3bn. Designed to accommodate up to 250,000bpd of crude, the Otakikpo field's present production is around 10,000bpd. GEIL pointed out that the terminal provides a strategic solution for the evacuation of crude from more than 40 nearby stranded oilfields, which together are estimated to hold more than three billion barrels of oil equivalent. Otakikpo terminal is expected to boost Nigeria's crude production, lessen reliance on offshore terminals and encourage new investments in the nation's oil sector. With the global demand for African crude increasing, the terminal is poised to draw more investor interest and strengthen Nigeria's position in the international energy market. GEIL emphasised that the Otakikpo facility is set to play a crucial role in enhancing crude evacuation and supporting production growth, aligning with Nigeria's long-term energy strategy. "GEIL-operated Otakikpo onshore terminal completes first crude oil export" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
