Geil Completes 400 Million Onshore Project Under Anthony Adegbulugbe

GEIL completes Nigerias first indigenous onshore crude terminal in 50 years, a 400 million project with 750,000 barrels storage and 360,000 BPD capacity.

The Otakikpo terminal unlocks over 3 billion barrels of stranded oil reserves from nearby fields, offering new export routes for domestic producers.

GEIL plans a 1.3 billion expansion with five more terminals, aiming to boost Nigerias oil output, reserves, and infrastructure resilience.

Green Energy International Limited GEIL, an upstream oil and gas company led by energy entrepreneur Anthony Adegbulugbe, has completed the construction of the Otakikpo crude oil terminal, a 400 million project that promises to reshape onshore oil logistics in the Niger Delta. Its a major milestone: the first onshore crude export terminal built in Nigeria in over 50 years, and the first ever delivered by a homegrown operator.

Built ahead of schedule between the second quarter of 2023 and the first quarter of 2025, the Otakikpo terminal starts with a storage capacity of 750,000 barrels, with room to expand to 3 million barrels. It also features a maximum pumping capacity of 360,000 barrels per day BPD.

The terminal is designed to serve the region for at least 25 years. Its 20-inch, 23-kilometer export pipeline connects directly to an unmanned offshore mooring system, allowing crude oil to move efficiently onto tankers bound for international markets.

Although the Otakikpo field currently produces around 10,000 BPD, the terminal has been built with much bigger ambitions in mind. It can handle up to 250,000 BPD of injected crude, offering spare capacity that could serve dozens of smaller oil fields nearby. Crude injection into the terminals tanks began on March 30, 2025, with the first exports scheduled between May 23 and May 25.

The opportunity is huge. GEIL estimates that more than 40 stranded oil fields within 120 kilometers of the terminal hold over 3 billion barrels of oil equivalent BOE in reserves, with a combined potential output of more than 200,000 BPD.