Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel in a bid to improve crude oil production, boost exports, and enhance security against theft and sabotage.
The vessel, named FSO Cawthorne, is stationed offshore near the Bonny export terminal, a key hub for Nigeria’s high‑grade Bonny Light crude.
The project was delivered through a partnership between the Nigerian National Petroleum Company Limited (NNPC Ltd.), which holds a 55% stake in Oil Mining Lease (OML) 18, together with Eroton Exploration & Production, Sahara Group, and Bilton Energy.
According to statements from Sahara Group’s subsidiary, Asharami Energy, the vessel is expected to reduce carbon exposure linked to barge transportation and improve the safety and efficiency of crude evacuation operations.
Analysts have described the vessel as a strategic asset in Nigeria’s plans to overcome long‑standing logistical challenges.
The FSO Cawthorne, converted from a Very Large Crude Carrier (VLCC), has a storage capacity of 2.2 million
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