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Tag: GEIL

  • Tinubu fulfils pledge as GEIL completes Ogoni crude oil terminal

    Tinubu fulfils pledge as GEIL completes Ogoni crude oil terminal

    President Tinubu’s Renewed Hope Agenda for the Ogoni Communities Gains Momentum with GEIL’s Otakikpo Terminal.

    In a significant boost to President Bola Ahmed Tinubu’s Renewed Hope Agenda, Green Energy International Limited (GEIL) has completed the Otakikpo crude oil terminal, an infrastructure development that directly supports the government’s promise to resolve the Ogoni crisis that has persisted for over three decades.

    The Otakikpo terminal, the first privately developed crude oil terminal by an African operator, is strategically located near the Ogoni and Opobo fields, which have remained undeveloped for more than 30 years due to environmental, political, and logistical challenges.

     With its 750,000 barrels of oil storage capacity (expandable to 3 million barrels) and 360,000 barrels per day pumping capability, the terminal offers a secure and efficient evacuation route for the Ogoni and Opobo stranded reserves in the region.

    President Tinubu’s administration has placed energy security and regional development at the forefront of its economic policy, pledging to create sustainable solutions for neglected oil-producing communities.

     The Otakikpo terminal now provides the crucial infrastructure needed to unlock over 3 billion barrels of oil equivalent (BOE) reserves from stranded fields—including those within Ogoni territory.

    Read Also: Nigeria needs aid for $410b energy transition plan, says GEIL

    Beyond resolving historical challenges, the terminal’s design to handle up to 250,000 barrels per day of crude injection presents an opportunity for third-party producers, fostering economic inclusion and job creation in the Niger Delta. It aligns with President Tinubu’s commitment to modernizing Nigeria’s oil industry, fostering indigenous participation, and ensuring communities benefit directly from resource development.

    Industry experts believe this project marks a turning point in Nigeria’s approach to oil logistics, demonstrating that local innovation and investment can drive long-awaited solutions to long-standing issues like the Ogoni crisis.

    Professor Anthony Adegbulugbe, the Chairman and CEO of Green Energy International Limited remarked that “The Otakikpo terminal is within 6km to 13 km distance from the Opobo and Ogoni fields. These assets are more than 60km from the nearest evacuation and export infrastructure and have been shut in for more than 3 decades. Our company has keyed into the current administration renewed hope agenda for the Ogoni and Opobo communities. With this infrastructure and our game-changing multiphase fluid flow technology, these fields could deliver up to 200kbopd and 3 billion Barrels reserves within 12 months of project sanction. Without the terminal, these assets would continue to be stranded and undeveloped”.

    As Nigeria prepares for its first crude exports from the terminal, the administration’s commitment to regional revitalization and resource optimization is becoming more tangible. With projects like GEIL’s Otakikpo terminal, Tinubu’s Renewed Hope Agenda is translating into real economic transformation, ensuring that neglected oil-rich communities like the Ogoni and Opobo communities finally receive the development they deserve.

  • Nigeria needs aid for $410b energy transition plan, says GEIL

    Nigeria needs aid for $410b energy transition plan, says GEIL

    Nigeria needs aids from developed countries to attain its 2060 $410billion Energy Transition Plan (ETP).

    The country cannot realise the target alone, according to the Green Energy International Limited, Chairman, Prof. Anthony Adegbulugbe.

    He made this known in his keynote address at the 2024 Nigerian Association of Energy Economists/ International Association of Energy Economists (NAEEIAEE) Annual International Conference in Abuja.

    His words: “The ETP gives a price tag of USD 1.9 Trillion for Nigeria to reach net zero by 2060, of which USD 410 billion will be above business-as-usual spending.

    ” These figures are definitely beyond Nigeria’s ability alone. The Advanced Economies must come to her aid.”

    He said about 70% of Nigeria’s primary energy supply is derived from biomass.

     He said poor on- grid power supply, which rarely exceeds 5,000MW, forces Africa’s largest economy to rely on more than 14,000MW of inefficient petrol and diesel backup generators across the country, contributing to around 30% of the fine particulate matter emissions from the continent (USAID report, 2023). 

    He alluded to the United Nations that said Nigeria has the highest rate of deforestation worldwide, losing about 3.7% of its forest yearly.

    Read Also: Tinubu Looks to the future, solidifies energy transition plan with structures

    He stressed: “All hands must be on deck to address the existential challenges of climate change. 

    “As responsible citizens of the globe, we must recognise that there is no ‘Plan B’ in addressing climate change. 

    “Today, it is more important than ever to drive forward the global energy transition in the interest of climate change mitigation, energy security, and economic diversification and development.”

    He said the African continent is energy-poor, the poorest in the world. 

    About 600 million Africans lack access to electricity, said Adegbulugbe, who stressed that while over 900 million rely on traditional biomass fuels, such as wood and charcoal, for cooking and heating. 

  • GEIL, NCDMB begin oil, gas engineering training

    GEIL, NCDMB begin oil, gas engineering training

    In compliance with the Nigerian Oil and Gas Content Development Act, Green Energy International Limited (GEIL), the operator of Otakikpo marginal field OML 11, Lekoil Oil & Gas Investment Limited (JV) in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) has begun the training of Nigerians in oil and gas engineering.

    Aimed at closing the skill gap in the oil and gas industry, and with focus on the engineering sector, the training will deliver the required skill set necessary to meet the growing demand within the sector.

    At the maiden edition in Yenagoa, Bayelsa State capital, Fatimah Mohammed Amate, Government Relations Manager at GEIL noted that “The training will be delivered by Dexterous Applied Training Institute and will target several Nigerians from across various geo-political zones and participants will be trained in the areas of Piping Engineering, Safety Engineering, Electrical Engineering, Health and Safety at the work place, Nigerian content awareness, among others.”

    Also commenting, Spriff Serena-Dokubo and Dr. Lyb Udochu, both Directors at GEIL noted that the company’s commitment to the development of the oil and gas industry cannot be over emphasized.

    Read Also: GEIL, NCDMB commence training of Nigerians in oil and gas engineering

    According to Serena-Dokubo, “The top 5 performing trainees will be offered employment immediately after the training. He further commended the leadership of the NCDMB for their coordination and synergy with GEIL towards the success of the training.”

    In his remarks, Dr. Lyb Udochu encouraged all participants in the program to take the opportunity offered by the company seriously, adding that “over the years, GEIL has ensured that its core thematic areas are geared towards providing direct social investment programmes to address development deficits through employment, training and retraining, empowerment of women and youths, capacity building and skill acquisition, health outreaches, scholarships and direct community contracts.”

    One of the beneficiaries of the training, Chimaobi Nwachukwu highlighted the importance of the training, confirming that it would equip them with the competitive advantage necessary to excel in the oil and gas sector. He said “From my point of view, the programme would provide us with the required skill to be employable in the oil and gas industry and be more valuable to the society.”

  • GEIL, NCDMB commence training of Nigerians in oil and gas engineering

    GEIL, NCDMB commence training of Nigerians in oil and gas engineering

    In compliance with the Nigerian Oil and Gas Content Development Act, Green Energy International Limited (GEIL), the operator of Otakikpo marginal field OML 11, Lekoil Oil & Gas Investment Limited (JV) in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) has commenced the training of several Nigerians in oil and gas engineering.

    Aimed at closing the skill gap in the oil and gas industry,and with focus on the engineering sector, the training will deliver the required skill set necessary to meet the growing demand within the sector.

    Speaking at the maiden edition held in Yenagoa, Bayelsa State, Fatimah Mohammed Amate, Government Relations Manager at GEIL noted that “The training will be delivered by Dexterous Applied Training Institute and will targetseveral Nigerians from across various geo-political zones and participants will be trained in the areas of Piping Engineering, Safety Engineering, Electrical Engineering, Health and Safety at the work place, Nigerian content awareness, among others.”

    Also commenting, HRH Spriff Serena-Dokubo and Dr. Lyb Udochu, both Directors at GEIL noted that the company’s commitment to the development of the oil and gas industrycannot be over emphasized.

    According to HRH Serena-Dokubo, “The top 5 performing trainees will be offered employment immediately after the training. He further commended the leadership of the NCDMB for their coordination and synergy with GEIL towards the success of the training.”

    In his remarks, Dr. Lyb Udochu encouraged all participants in the program to take the opportunity offered by the company seriously, adding that “over the years, GEIL hasensured that its core thematic areas are geared towards providing direct social investment programmes to address development deficits through employment, training and retraining, empowerment of women and youths, capacity building and skill acquisition, health outreaches, scholarships and direct community contracts.”

    One of the beneficiaries of the training, Chimaobi Nwachukwu highlighted the importance of the training, confirming that it would equip them with the competitive advantage necessary to excel in the oil and gas sector. He said “From my point of view, the programme would provide us with the required skill to be employable in the oil and gas industry and be more valuable to the society.”