All is set for the official commissioning of the Otakikpo Onshore Crude Oil Export Terminal in Rivers State, Nigeria, by President Bola Ahmed Tinubu on Wednesday, 8th October 2025. The last onshore terminal before Otakikpo, the Forcados Terminal, was commissioned in 1971. Operators in the oil and gas sector have identified evacuation challenges as a major barrier to achieving the Federal Government’s goal of producing three million barrels of crude oil per day. The Otakikpo Terminal is therefore expected to provide a lifeline to over 40 stranded oil fields, offering a ready evacuation outlet and unlocking millions of barrels of oil that would otherwise remain trapped in the wells. The new $400 million terminal, with an initial storage capacity of 750,000 barrels, expandable to three million barrels, and a loading capacity of 360,000 barrels per day, is also expected to support the government’s objective of reducing production costs in the industry.