FG Approves 1m-Barrel Terminal for Otakikpo
05.06.2019 - NEWS

May 06, 2019 [Daily Trust] – The Department of Petroleum Resources (DPR) has issued an approval to construct a one-million-barrel capacity onshore terminal to the operator of the Otakikpo Marginal Field located in OML 11, Green Energy International Limited (GEIL).

The issuance of the Approval to Construct (ATC) was sequel to the DPR’s review of the detailed engineering design for the Onshore Crude Oil Storage facility to be built in the proposed industrial park in Ikuru Town, Andoni Local Government Area of Rivers State.

In the letter conveying the approval dated April 23, 2019, the regulator stated that, “We hereby communicate the approval of the Director of Petroleum Resources to you for the detailed engineering design of one million barrels onshore crude oil storage facility project. You may, therefore, proceed with the construction and installation phase of the project.” A statement from the GEIL noted that the proposed Otakikpo Onshore Terminal would be the first indigenous onshore terminal and also the first to be built in the country in the past five decades. Construction of the proposed terminal is expected to start soon by a consortium of internationally reputable contractors.

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