On October 8, 2025, Nigeria introduced its first fully owned Floating Storage and Offloading (FSO) vessel near the Bonny export terminal.
This development marks a significant step in enhancing the country’s crude oil export system.
Strengthening Oil Operations
The FSO Cawthorne, with a 2.2-million-barrel capacity, serves Oil Mining Lease (OML) 18 and nearby Niger Delta fields.
It reduces reliance on pipelines prone to theft and sabotage, improving operational security.
Partnership Behind the Project
Developed by Nigerian National Petroleum Company Ltd (55% OML 18 stake), Sahara Group, Eroton Exploration, and Bilton Energy, the vessel supports exports of Bonny Light crude from its offshore base.
Improved Safety and Efficiency
Sahara Group’s Tosin Etomi highlighted the FSO’s role in cutting barge-related emissions and enhancing safety. Converted from a large crude carrier, it streamlines oil storage and tanker loading.
Overcoming Export Challenges
The double-hull FSO addresses issues like barge shortages and transfer delays. It supports OML 18’s target of 50,000 barrels per day in 2025, boosting production capacity.
Economic and Strategic Gains
The vessel fortifies Nigeria’s oil sector by improving logistics and resilience. It helps secure economic stability amid regional security concerns, marking a pivotal advance for Africa’s top oil producer.
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