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A leading energy infrastructure company active in Nigeria, Century Energy Services Limited (CESL) has disclosed that it has completed the mooring installation of the double hull, 2,000,000 barrels (bbl) storage capacity FSO ELIAkaso Terminal located Offshore Bonny to bridge hydrocarbon evacuation, storage and offtake challenges for injectors within the area, and has been cassed by Bureau Veritas for oil storage services.
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FSO Eli Akaso Terminal is owned by Energy Link Infrastructure Limited (EnergyLink) and operated/managed by CESL.
This collaboration aligns with CESL’s vision of standard hydrocarbon commercialisation through infrastructure.
The terminal is anticipated to complement EnergyLink’s ability to unlock unparalleled value in customer access and establish a commanding presence in the global oil and gas trading and supply chain.
The terminal operations will encourage more hydrocarbon production by ameliorating current crude evacuation/storage challenges that frequently impact injector export programmes, resulting in operational costs increases for both producers and customers. With this start of hydrocarbon storage services, stakeholders in the Nigeria and globally can take further comfort as the terminal operations will play a pivotal role in balancing supply and demand in the growing energy market.
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