Mary Nnah
Century Energy Services Limited (CESL) has completed the mooring installation of the double hull, 2,000,000 barrels (bbl) storage capacity FSO ELIAkaso Termina located Offshore Bonny to bridge hydrocarbon evacuation, storage and offtake challenges for injectors within the area.
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 programs, resulting in operational cost increases for both producers and customers.
With this start of hydrocarbon storage services, stakeholders in 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 ensuring that hydrocarbon is available when and where they are needed, and further providing a buffer against market and supply chain disruptions.
Managing Director of EnergyLink, Adekolapo Ademola, said, “The FSO ELIAkaso, which offers hydrocarbon storage and export solutions, exemplifies the firm’s strategic approach to addressing both current and future demands of the oil and gas industry.
“We remain steadfast in our commitment to pursuing the most resilient, competitive, and high-return asset investments, ensuring consistent cash flow for the foreseeable future to all our stakeholders. This strategy is critical in EnergyLink’s strategic business planning”, he added.
He further noted, “..initiatives like the FSO ELIAkaso terminal enable us to cater to the growing demand from our customers. They are increasingly focused on enhancing their production and supply security, a concern that’s gaining prominence among global industry stakeholders.”
CEO of Century Energy Services Limited, Ken Etete, said, “With the FSO ELIAkaso terminal, we’ve significantly advanced our collaboration in oil and gas infrastructure, positively impacting EnergyLink’s business approach and bottom line. EnergyLink has affirmed its commitment to continue working with us, aiming to rapidly expand hydrocarbon storage services not only in Nigeria but also internationally. This aligns seamlessly with our infrastructure vision”.
He added, “The terminal is a remarkable accomplishment and a further testament to CESL’s energy infrastructure project delivery capacity and experience”.
