Names of Oil Companies in Nigeria

Names of Oil Companies in Nigeria

Nigeria is a leading oil producer in Africa, with a robust oil and gas sector that contributes significantly to the nation’s GDP. The industry is home to various oil businesses, ranging from global giants to local entrepreneurs. Names of Oil Companies in Nigeria are listed below.

Names of Oil Companies in Nigeria: International Oil Companies (IOCs)

  • Shell Petroleum Development Company (SPDC)

The forerunner and head of Nigeria’s petroleum sector is the Shell Petroleum Development Company of Nigeria Limited (SPDC). It has been operating in the country since 1937 and is the largest Shell company in the country. 

Its network of 3,173 kilometers of flowlines and pipelines includes 263 producing oil wells. 56 producing gas wells, six gas plants, two major oil export terminals, and one power plant. 

Its mission is to be a prudent operator of first choice in Nigeria through its commitment to strong economic performance and sustainable development. With interests in more than 30 oil and gas fields, SPDC’s operations are concentrated in the Niger Delta. The corporation can produce about 750,000 boe/d, or barrels of oil equivalent, every day.

  • Chevron Nigeria Limited (CNL)

One of Nigeria’s biggest oil producers is Chevron Nigeria Limited, a division of Chevron Corporation. Before merger-related actions, the corporation operated in Nigeria as Gulf Oil Corporation. Subsequently, its name was changed to Chevron Nigeria. 

In Nigeria’s shallow and inland seas, Chevron Nigeria Limited and the Nigerian National Petroleum Corporation (NNPC) jointly manage a joint venture. The firm manages the Agbami field, one of Nigeria’s largest deepwater finds.

Chevron also has a non-operating stake in other deepwater projects, including Usan Field. The corporation is heavily involved in the West African Gas Pipeline corporation. The Escravos Gas-to-Liquids (EGTL) plant, and multi-partner deepwater activities. Chevron Nigeria Limited has operated in the Nigerian market for about 60 years.

  • ExxonMobil Nigeria (EMN)

In Nigeria, ExxonMobil is engaged in the exploration and extraction of natural gas and crude oil. The business manages many deepwater production-sharing agreements and joint venture concessions in the area. 

In Nigeria, ExxonMobil has a lengthy history, having begun operations in shallow water in 1955. The corporation is the second-biggest producer of crude oil in the nation and produces oil offshore. 

ExxonMobil also operates stakes in the Erha, Usan, and Bonga projects and has deepwater production in Nigeria. The business works in Nigeria’s Akwa Ibom State and collaborates with the Nigerian National Petroleum Corporation, which is currently known as NNPC Limited.

  • Total E&P Nigeria Limited (TEPNG)

Total E&P Nigeria Limited, a subsidiary of TotalEnergies S.E., was founded in Nigeria in 1962. The company has been in the upstream sector of the Nigerian hydrocarbon industry for nearly 60 years and has added over 3.6 billion barrels of oil equivalent to Nigeria’s production to date. Additionally, Total E&P Nigeria Limited owns a forty percent stake in the NNPC/TEPNG Joint Venture, which generates natural gas and oil from diverse sources. 

Total E&P Nigeria Limited is strongly committed to safety, environmental sustainability, and community development. The corporation has adopted some steps to lessen its environmental impact. Including the utilization of renewable energy sources and the reduction of flaring.

In addition, Total E&P Nigeria Limited has made significant investments in community development activities including education and healthcare. The firm employs approximately 1,000 people from various backgrounds, with a strong emphasis on local content and capacity development. Total E&P Nigeria Limited has an effective quality management system that is certified to ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007 standards.

  • Eni Nigeria (ENI)

Eni Nigeria is a subsidiary of Eni, the Italian energy firm. It has operated in the Niger Delta’s onshore and offshore sectors through its subsidiaries NAOC, NAE, and AENR. Eni Nigeria was sold to Oando PLC in September 2023. The sale of Eni Nigeria to Oando PLC was opposed by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which threatened a complete closure.

Eni Nigeria is one of Nigeria’s oldest oil and gas enterprises, having been in operation since 1962. The corporation is headquartered in Lagos and operates in various states in the Niger Delta area, including Rivers, Delta, and Bayelsa. Eni Nigeria places a significant emphasis on sustainability and social responsibility and has launched some programs to help local people while reducing its environmental effects.

The firm employs approximately 1,000 people from various backgrounds, with a strong emphasis on local content and capacity development. Eni Nigeria has an effective quality management system that is certified in ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007.

  • ConocoPhillips Nigeria (CPN)

ConocoPhillips Nigeria is a division of the global American company ConocoPhillips, which is involved in the production and exploration of hydrocarbons.

In July 2014, ConocoPhillips Nigeria was sold to Oando PLC for $1.5 billion, in addition to a $33 million delayed compensation. ConocoPhillips‘ oil and gas operations in Nigeria were part of the transaction. These comprised both onshore and offshore assets, as well as a 20% non-operated stake in Oil Mining Leases (OMLs) 60, 61, 62, and 63. Oando Energy Resources became one of the top E&P companies in Nigeria’s oil and gas industry as a result of the purchase.

On average, the company produced more than 160,000 barrels of oil equivalent per day. The business conducted exploration, production, and development activities in onshore and offshore oil and gas areas in Nigeria.

ConocoPhillips Nigeria undertook some programs to assist regional communities and lessen their environmental impact as part of its strong commitment to safety, environmental sustainability, and community development.

Names of Oil Companies in Nigeria: Indigenous Oil Companies

  • Nigerian National Petroleum Corporation (NNPC)

NNPC engages in petroleum product exploration, production, refining, transportation, and marketing. The company’s portfolio of midstream, downstream, and upstream assets is extensive and includes pipelines, petrochemical facilities, refineries, and oil and gas fields. With more than half of Nigeria’s oil output going to NNPC, the company is the biggest oil producer in the nation. To develop Nigeria’s oil and gas resources, the business has a long-standing relationship with major oil giants, including Shell, ExxonMobil, Chevron, and Total.

The corporation has put in place several programs to encourage social responsibility and community development, with an emphasis on economic empowerment, healthcare, and education. The NNPC has encountered issues with transparency, inefficiency, and corruption, which has prompted calls for reform and reorganization.

The firm has changed throughout the years to increase both its operational effectiveness and financial sustainability. Most recently, it became a limited liability corporation. The NNPC is vital to Nigeria’s economy, bringing in a substantial amount of money and bolstering the nation’s energy security.

  • Seplat Petroleum Development Company (SEPLAT)

Seplat is a prominent autonomous oil and gas enterprise in Nigeria, emphasizing environmentally conscious practices and sustainable energy development. The company plans to invest in, develop, and produce gas and oil properties in Nigeria while prioritizing social responsibility, safety, and profitability.

Seplat has a solid delivery history and a track record of expanding reserves, cash flow, and output. Seplat has put in place several programs to help the Nigerian oil and gas sector create local content and increase capacity. With an emphasis on reducing its environmental impact and guaranteeing the safety of its workers and contractors, the firm has a strong health, safety, and environmental (HSE) policy.

  • Eroton Exploration and Production Company (EROTON)

Eroton has operational offices in Port Harcourt, Rivers State, and its headquarters are in Lagos, Nigeria. The company’s goal is to emerge as Nigeria’s top independent oil and gas provider, emphasizing environmental responsibility and sustainable energy development.

The business has put in place some programs to encourage social responsibility and community development in the regions where it operates. To expand its resources and boost operational effectiveness, Eroton has teamed up with foreign oil firms and service suppliers.

The Nigerian oil and gas industry’s regulatory hurdles, output decrease, and fluctuating oil prices have all presented difficulties for the corporation. Eroton has enhanced its financial performance and sustainability by using a range of cost optimization and efficiency strategies. With an emphasis on reducing its environmental impact and guaranteeing the safety of its workers and contractors, the firm has a strong health, safety, and environmental (HSE) policy.

  • Aiteo Eastern E&P Company (AITEO)

Aiteo‘s operating offices are located in Port Harcourt, Rivers State, and Abuja, the capital city of Nigeria. The company’s headquarters are in Lagos. Benedict Peters, an entrepreneur and businessman from Nigeria, is the company’s Executive Vice Chairman.

The firm has put in place some programs, such as those for economic empowerment, healthcare, and education, to encourage social responsibility and community development in the places where it operates. To expand its resources and boost operational effectiveness, Aiteo has teamed up with foreign oil firms and service suppliers.

The Nigerian oil and gas industry’s regulatory hurdles, output decrease, and fluctuating oil prices have all presented difficulties for the corporation. Aiteo has enhanced its financial performance and sustainability by using a range of cost optimization and efficiency strategies. With an emphasis on reducing its environmental impact and guaranteeing the safety of its workers and contractors, the firm has a strong health, safety, and environmental (HSE) policy.

  • Newcross Petroleum Limited (NEWCROSS)

Exploration, production, and development of oil and gas assets in Nigeria are the main priorities of privately held Newcross Petroleum Limited. The company’s goal is to emerge as Nigeria’s top independent oil and gas provider, emphasizing environmental responsibility and sustainable energy development.

The firm has put in place several programs, such as those for economic empowerment, healthcare, and education. To encourage social responsibility and community development in the places where it operates. To grow its assets and boost operational effectiveness, Newcross has teamed up with foreign oil corporations and service suppliers.

The Nigerian oil and gas industry’s regulatory hurdles, output decrease, and fluctuating oil prices have all presented difficulties for the corporation. Newcross has enhanced its financial performance and sustainability by using a range of cost optimization and efficiency strategies. With an emphasis on reducing its environmental impact and guaranteeing the safety of its workers and contractors, the firm has a strong health, safety, and environmental (HSE) policy.

  • Oriental Energy Resources Limited (OERL)

Nigeria is the primary focus of Oriental Energy Resources Limited (OERL), a privately held corporation that explores and produces oil and gas. Since its founding in 1990, the business has grown and is now developing three assets offshore of Nigeria. OML 115, Okwok Field (OML 67), and Ebok Field (OML 67) are some of these properties.

The organization fosters professional growth in its workforce, and successful workers may anticipate merit-based and contribution-based rewards. OERL has active offices in Abuja and Akwa Ibom State in addition to its headquarters in Lagos, Nigeria. 

A group of seasoned experts with knowledge in oil and gas development, production, and exploration oversees the business. In its regions of operation, the corporation has carried out many community development projects. Including programs for healthcare, education, and economic empowerment.

  • Niger Delta Petroleum Resources Limited (NDPR)

Leading Indigenous oil and gas firm in Nigeria, NDPR specializes in production, exploration, and refining. The company’s goal is to grow into a significant force in the global energy market and support the Niger Delta’s and Nigeria’s economic growth. 

In its regions of operation, the corporation has carried out some community development projects, including programs for healthcare, education, and economic empowerment. To grow its assets and boost operational effectiveness, the corporation has teamed up with foreign oil companies and service providers.

NDPR has an effective corporate governance structure that emphasizes responsibility, openness, and moral business conduct. The organization has put in place several social responsibility programs, with an emphasis on helping the host communities and the country as a whole grow economically.

The business now offers a variety of energy-related services, such as engineering, procurement, construction, and commissioning (EPC), as part of its expanded activities.

  • First Hydrocarbon Nigeria Limited (FHN)

With an emphasis on the exploration, production, and development of oil and gas assets, FHN is one of Nigeria’s top indigenous oil and gas companies. The company’s goal is to grow into a significant force in Nigeria’s energy sector and support the nation’s economic growth.

In its regions of operation, the corporation has carried out many community development projects, including programs for healthcare, education, and economic empowerment. To grow its assets and boost operational effectiveness, the corporation has teamed up with foreign oil companies and service providers.

FHN has an effective corporate governance structure that emphasizes responsibility, openness, and moral business conduct. The organization has put in place several social responsibility programs. With an emphasis on helping the host communities and the country as a whole grow economically. The business now offers a variety of energy-related services, such as engineering, procurement, construction, and commissioning (EPC), as part of its expanded activities.

  • Conoil Producing Company (CPC)

Exploration, production, and development of oil and gas assets are the main priorities of CPC, a prominent indigenous oil and gas firm in Nigeria. The company’s goal is to grow into a significant force in Nigeria’s energy sector and support the nation’s economic growth.

In its regions of operation, the corporation has carried out several community development projects. Including programs for healthcare, education, and economic empowerment. To grow its assets and boost operational effectiveness, the corporation has teamed up with foreign oil companies and service providers.

CPC has a strong framework for corporate governance that emphasizes responsibility, transparency, and moral business conduct. The business has put in place many social responsibility programs. With an emphasis on helping the host communities and the country as a whole grow economically. The business now offers a variety of energy-related services, such as engineering, procurement, construction, and commissioning (EPC), as part of its expanded activities. 

  • Bell Oil & Gas Limited (BOG)

BOG is firmly committed to enhancing capacity and developing local content in Nigeria’s oil and gas sector. In its regions of operation, the corporation has carried out many community development projects. Including programs for healthcare, education, and economic empowerment. To grow its assets and boost operational effectiveness, the firm has cooperated with foreign oil corporations and service suppliers.

BOG has an effective corporate governance structure that emphasizes responsibility, openness, and moral business conduct. The organization has put in place some social responsibility programs. With an emphasis on helping the host communities and the country as a whole grow economically.  Engineering, procurement, construction, and commissioning (EPC) are among the energy-related services the corporation has added to its list of services. 

Names of Oil Companies in Nigeria: Marginal Field Operators

  • Brittania-U Nigeria Limited (BUNL)

The indigenous business Brittania-U Nigeria Limited is well-known around the world and focuses on oil production and exploration. With a keen awareness of the requirements of the community in which they operate, they make investments in its stability, prosperity, and way of life. Brittania-U Nigeria Limited has supported the Ogulagha Community financially since 2009. Sponsoring initiatives including welding instruction, marine diving, youth development, and the operation of forklifts and forklift scales.

Along with supporting Small and Medium Scale Enterprises (SMEs) and housing for the elderly. The company also offers oilfield skills training to many Nigerians, helping to develop the local workforce. 

  • Century Exploration and Production Company (CEPCO)

Exploration, production, and development of oil and gas assets in Nigeria are the main priorities of CEPCO, an independent oil and gas corporation. CEPCO has carried out several community development projects in the regions in which it operates. Encompassing programs for healthcare, education, and economic empowerment.

With an emphasis on transparency, accountability, and ethical business practices, CEPCO has a strong corporate governance framework. The company has also implemented some initiatives to support social responsibility. To assist in the economic development of both its host communities and the country as a whole. The company has partnered with international oil companies and service providers to develop its assets and improve its operational efficiency.

  • Names of Oil Companies in Nigeria: Covenant Petroleum Limited (CPL)

On December 21, 1994, CPL Petroleum Limited was established as a private limited company in the United Kingdom. The business is doing well financially and is actively trading. This corporation is the same as Camac Petroleum Limited, a Nigerian company that is a party to an agreement with Allied Energy PLC for technical services.

CPL is steadfast in its dedication to providing its clients with premium fuels and associated goods. The organization employs a group of seasoned experts with knowledge in the oil and gas sector. For a dependable supply chain, CPL has forged alliances with significant oil corporations and suppliers. To protect the health and safety of its workers, clients, and the environment. The business has a comprehensive health, safety, and environmental (HSE) policy in place.

CPL has carried out many community development projects, such as those on healthcare, education, and economic empowerment. The business is financially sound and has made investments in a range of facilities and assets to support its operations. CPL aims to establish itself as a major force in Africa’s downstream oil and gas sector.

  • Names of Oil Companies in Nigeria: Delta Oil Producing Company (DOPC)

DOPC is an oil and gas firm headquartered in Nigeria that operates in the Niger Delta. The business explores, produces, and develops natural gas and oil resources. In its regions of operation, the corporation has carried out some community development projects. Including programs for healthcare, education, and economic empowerment.

To grow its assets and boost operational effectiveness, DOPC has teamed up with foreign oil corporations and service providers. The organization has a strong structure for corporate governance that emphasizes responsibility, openness, and moral business conduct. The business now offers a variety of energy-related services, such as engineering, procurement, construction, and commissioning (EPC), as part of its expanded activities. 

  • Names of Oil Companies in Nigeria: Energia Limited (EL)

With a strong emphasis on exploration and production, Energia Limited hopes to get to the top of Nigeria’s oil and gas market. The organization employs a group of seasoned experts who are knowledgeable in several facets of the oil and gas sector. In its regions of operation, Energia Limited has carried out many community development projects, such as programs for healthcare, education, and economic empowerment. The organization has a strong structure for corporate governance that emphasizes responsibility, openness, and moral business conduct.

To grow its assets and boost operational effectiveness, Energia Limited has teamed up with foreign oil corporations and service providers. With a focus on reducing its environmental impact and guaranteeing the safety of its workers and contractors. The firm has a strong commitment to health, safety, and environmental (HSE) management. Engineering, procurement, construction, and commissioning (EPC) are just a few of the energy-related activities that Energia Limited has added to its list of services.

  • Names of Oil Companies in Nigeria: Frontier Oil Limited (FOL)

Frontier Oil Limited was established in 2001 as an indigenous Nigerian firm dedicated to oil and gas exploration and production. In February 2003, the FGN granted the firm the Uquo Field as part of the Marginal Field Programme. The operator of the Uquo Field OML/13 onshore in Nigeria’s Akwa Ibom State is Frontier Oil. By effectively resuming operations at the once-stranded Uquo Marginal Field. FOL and its joint venture partners in finance and technology have built a whole new infrastructure for gas extraction, supply, and distribution in the South East Niger Delta.

In its regions of operation, FOL has carried out some community development projects. Including programs for healthcare, education, and economic empowerment. The organization places a high priority on developing local content and enhancing capacity within the Nigerian oil and gas sector.

  • Names of Oil Companies in Nigeria: Goland Petroleum Limited (GPL)

Exploration, production, and development of oil and gas assets are the main priorities of Goland Petroleum Limited, an indigenous oil and gas business in Nigeria. The firm employs a group of seasoned experts with knowledge of production, and engineering. Project management, and exploration and production sectors of the oil and gas sector.

GPL holds stakes in several Nigerian oil fields. Notably, the contentious OPL 245 oil project has drawn attention from across the world and legal disputes. The business has participated in many joint venture agreements with foreign oil firms, such as Shell and Eni.

GPL is facing accusations of engaging in bribery and corruption. Including the payment of money to Nigerian authorities in exchange for oil contracts. The business has refuted any wrongdoing and claimed to follow Nigerian and international legal requirements when conducting business.

  • Names of Oil Companies in Nigeria: Universal Energy Resources Limited (UERL)

Universal Energy Resources Limited is an oil and gas business headquartered in Nigeria that specializes in the exploration, production, and development of oil and gas resources.  UERL has partnered with global oil firms and service providers to enhance its operating efficiency and grow its assets. The organization has a strong structure for corporate governance that emphasizes responsibility, openness, and moral business conduct. The mission of UERL is to grow its reserves and production capability to rank among Nigeria’s major oil producers.

Conclusion

The indigenous Nigerian oil and gas businesses Delta Oil Producing Company (DOPC), Energia Limited (EL), and Frontier Oil Limited (FOL). Goland Petroleum Limited (GPL), and Universal Energy Resources Limited (UERL) are all significant players in the nation’s energy industry. They have proven their dedication to community development, creating capacity, and developing local content while placing a high priority on environmental sustainability, public health, and safety. 

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