25 top oil and gas companies in Nigeria

There are over 50 oil and gas companies in Nigeria. They are among the major stakeholders in the oil and gas industry. Many of these oil and gas companies have branches in other parts of the world.

In this article I will share with you the 25 top oil and gas companies in Nigeria. We shall cover the following extended topics:

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25 Top Oil and Gas Companies In Nigeria

1) Shell

Shell Nigeria is known to be the name common for the Nigerian branch of the Royal Dutch Shell and their operations in Nigeria are done through 4 subsidiaries of which Shell Petroleum Development’s Company (SPDC) is the main subsidiary.

This oil and gas company is responsible for up to 21% of the total petroleum production in Nigeria which is made up of 629000 barrels per day in 2009. Shell began their operations in Nigeria in 1937 after which they were given their exploration license.

This company discovered the first commercial oil field at Oloibiri which is located at the Niger Delta. Before oil was discovered in Nigeria, many African countries had agriculture as their main export.

See Also: 10 best oil and gas training institutes in Nigeria

2) Chevron

This is one of the largest oil producers in Nigeria. Chevron is also one of the largest investors in the oil and gas sector in Nigeria. They operate under a joint- venture arrangement in concord with the Nigerian National Petroleum Corporation (NNPC) and their operations are for both offshore and onshore assets in the Niger Delta.

They also have extensive interests in operations involving deep water. Chevron operates one of the largest deep water discoveries in Nigeria. They also have interest in the Usan Field. Chevron Nigeria holds up to 40% interest in eight areas of the near-onshore and onshore regions of the Niger Delta which is a joint venture arrangement with NNPC in Nigeria.

3) Total

Total is a multinational energy company that operates with up to 130 countries and they are committed to offering sustainable products and services to their customers.

Actually for more than 50 years, Total Nigeria has been the pioneer in the downstream sector of the oil and gas industry of Nigeria.

Its distribution network is up to more than 500 service stations across the nations and they offer a wide range of high quality energy products and services.

• 4) ExxonMobil

ExxonMobil is one of the largest oil and gas companies in Nigeria. Their affiliates are involved in the production and exploration of natural gas and crude oil, manufacturing of petroleum products, sale and transportation of crude oil, petroleum products and natural gas.

ExxonMobil is a major sellers and manufacturer of special petrochemicals and commodities and they also engage in facilities for electric power generation. They also conduct research programs that are extensive.

They operate in various joint ventures involving deep water production that has a primary focus on the main secondary oil recovery, natural liquids and monetization of gas.

See Also: 10 Hottest Professional Courses needed in the Oil and Gas Industry

5) Addax Petroleum

Addax Petroleum began in 1994 and from August 2009, they have been a subsidiary of the Sinopec Group which is one of the largest oil producers of oil and gas in China and they are also one of the biggest oil refiners in Asia and the third largest refiners in the world.

They are among the top oil and gas company in Nigeria. In 1998, they acquired the assets of Ashland Nigeria and did their first offshore drilling in the oil well OML 129. They are major stake holders in oil exploration in Nigeria.

6) NNPC

NNPC is owned by the Nigerian government and they engage in major petroleum activities.

7) NLNG

NLNG is also wned by the Nigerian government and they deal on the manufacturing of liquefied gas.

8) Statoil

Statoil has been in Nigeria since the early 1990. They began their operations in Nigeria in 1992. They produce up to 48000 barrels of oil on a daily basis in Nigeria.

The revenue of this company is up to $7.93 billion. Statoil have been playing significant role in the development of Nigeria’s biggest deep water field thereby making use of one of the largest floating production in the world which also consists of offloading and storage vessels.

9) Devon Petrogas

This company is one of the new generation players in the Nigerian oil and gas sector. Devon Petrogas Limited was formed and configured towards delivering quality service both in the downstream and upstream segments of the oil and gas industry.

Starting from the bustling atmosphere of the urban hotspots like Lagos and Abuja to the dense nature of the marshy Niger Delta to the arid northern regions of Nigeria. Devon Petrogas Limited has shown itself to be one of the key players of the oil and gas industry in Nigeria.

See Also: 9 Ways To Join Oil and Gas Business in Nigeria with minimal capital

10) Nexen Inc

This is another major oil and gas company in Nigeria. Nexen is based in Canada and Colombia with branches in Nigeria. The largest component of this oil and gas corporation occurs offshore and they are key players in the Nigerian oil and gas sector.

11) Hardy Oil and Gas Plc

This is another major company in the oil and gas sector and they hold interest in the Niger Delta. Hardy Oil and Gas had its headquarters in India. The group has shares in the London Stock Exchange. They are operational in the oil bases of Nigeria.

12) ConocoPhilips

That company has the largest independent energy company based on production and proved reserves. They operate in many countries and Nigeria is not an exception. They are also major players in the oil and gas sector.

13) Conoil

The company began in 1984 and has up to 6 oil blocks in the Niger Delta.

14) Eni (Saipem)

Eni is an Italian company which huge structure in Nigeria covering many oil activities.

15) Oando

Oando is one of Africa’s largest energy provider with a primary listing in the Nigerian Stock Exchange.

16) Sahara Energy

Sahara energy was established in 1996 and operates in downstream, midstream, upstream, infrastructure.

17) Nestoil

Nestoil was incorporated in 1991 for offering Engineering, Procurement and Construction (EPC) services to the oil and gas sector in Nigeria.

18) Seplat Petroleum

Seplat is an independent, indigenous Nigerian upstream exploration and production company.

19) Halliburton

Halliburton is an American multinational and is one of the world’s largest oil field service companies.

20) Intels

Intels is based in Lagos and they operate many deep water blocks in Nigeria.

21) Forte Oil

Forte Oil is an indigenous energy group with headquarters in Lagos, Nigeria and they also operate in Ghana.

22) Schlumberger

Schlumberger is one of the world’s leading provider of technology for reservoir operators and they have branches within and outside Nigeria.

23) Amazon Energy

Amazon Energy is an engineering oil service provider that operates both within and outside Nigeria.

24) MRS Oil

MRS Oil is an efficient downstream player with leading positions in the Nigerian oil and gas.

25) Chibeco Oil

Chibeco Oil is a 100% Nigerian owned company based in Port Harcourt in Nigeria. They are major key players in the the oil and gas sector in Nigeria.

That’s it on the top oil and gas companies in Nigeria. We will soon update this article to the top 50 oil and gas companies in nigeria.

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