Nigeria’s first off-shore petroleum products terminal would be commissioned this weekend by President Mohammadu Buhari.
Located in the Lekki Free Zone, the terminal, owned by Pinnacle Oil and Gas Limited, is an ultra-modern purpose-built products intake, storage and off-take facility conceptualised to revolutionise the Nigerian downstream oil and gas industry by enabling the direct delivery of petroleum products from large vessels which would otherwise have been unable to berth anywhere on the Nigerian coastline.
Speaking to journalists on the project, the Managing Director of Pinnacle Oil and Gas, Mr Peter Mba, explained the rationale for the project saying, “We noticed that the conventional operations of moving petroleum products from ships to tank farms were sub-optimal involving a lot of multiple handling.
“To empty the mother vessel, it will require you to do a minimum of 32 days of such shuttling. So we then designed and created a liquid bulk terminal in an open sea, and with the new infrastructure the operation now takes just two days, because you just connect the mother vessel to our terminals directly.
