Source: Addax Petroleum Nigeria
Oil and Gas is the major source of revenue in Nigeria apart from agriculture , checkout the List Of Top 10 Oil and Gas Companies In Nigeria for the year 2020.
This list was ranked based on 2019 performance and below are the views we used to rank the companies.
- Number Of Employees.
- Contribution the the Country Nigeria.
Note that these Companies may go down on the list if we discover any setback in the company.
Official Naija Top 10 Promises to update this list once we have update from the companies and note that the companies below are not own by individuals.
The number of scholarships and arms given by a company every year is also used to check how successful the company is , therefore kindly help the poor to develop the country.
List Of Top 10 Oil and Gas Companies In Nigeria 2020:
- Shell Nigeria
- Chevron Nigeria
- Total Nigeria
- ExxonMobil Nigeria
- Nigerian Agip Oil Company Limited
- Equinor Petroleum Nigeria
- PETROBRAS Nigeria
- Seplat Petroleum Nigeria
- Addax Petroleum Nigeria
- Nexen Petroleum Nigeria
1. Shell Nigeria
Shell Nigeria Gas (SNG), the country’s first and wholly-owned subsidiary of an international oil company involved in domestic gas distribution in Nigeria, increased its gas distribution capacity by over 150% following the safe completion of its second gas train, the Agbara-Ota Capacity Increase Project.
Shell is Nigeria’s oldest energy company, and has a long term and continuing commitment to the country, its people and the economy.
Shell is a global group of energy and petrochemicals companies with an average of 93,000 employees in more than 70 countries.
We use advanced technologies and take an innovative approach to help build a sustainable energy future.
2. Chevron Nigeria
Chevron is one of the largest oil producers in Nigeria and one of its largest investors.
In Nigeria, we operate under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region.
Chevron also has extensive interests in multipartner deepwater operations. We operate the Agbami Field, one of Nigeria’s largest deepwater discoveries. We also have a nonoperated interest in the Usan Field.
3. Total Nigeria
Total Nigeria Plc is a Marketing and Services subsidiary of Total; a multinational energy company operating in more than 130 countries and committed to providing sustainable products and services for its customers.
For over 50 years, Total Nigeria Plc has remained the leader in the downstream sector of the Nigerian oil and gas industry with an extensive distribution network of over 500 service stations nationwide and a wide range of top quality energy products and services.
TOTAL NIGERIA PLC (RC 1396) was incorporated as a private company on June 1, 1956 to market petroleum products in Nigeria. In September 11, 2001, the company had a successful merger which paved way for sustainable growth and continuous development.
The share capital of the company after the merger is presently =N=169,761,000 made up of 50k ordinary shares authorized and fully paid up with Nigerian Citizens and Associations holding 38.28% of the share capital.
4. ExxonMobil Nigeria
ExxonMobil upstream affiliates operating in Nigeria are Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Ltd. (EEPNL).
Our affiliates are involved in the exploration and production of crude oil and natural gas, and operate several joint venture concessions and deepwater production sharing contracts which currently focus on major secondary oil recovery projects; natural gas liquids and gas monetization and significant investment in national content development.
ExxonMobil is committed to meeting the growing demand for energy and to power the world responsibly.
With a workforce of more than 70,000 employees, our career-oriented approach to developing an exceptional workforce includes recruiting outstanding talent and supporting long-term professional development.
Each one of our employees is empowered to think independently, take initiative and be innovative
5. Nigerian Agip Oil Company Limited
Nigerian Agip Oil Company (NAOC) operates in the land and swamp areas of the Niger Delta, under a joint venture agreement with NNPC (60%), NAOC (20%), and Oando (20%), with concessions lying within Bayelsa, Delta, Imo and Rivers States.
The concession covers a total area of 5,313sq.km comprising four blocks – OML 60, 61, 62 & 63.
NAOC is also the operator of two onshore exploration leases, namely OPL 282 (90% interest) in the Swamp and OPL 135 (48% interest) in the Land area.
NAOC also holds 5% participating interest in SPDC JV with NNPC (55%), The Shell Petroleum Development Company (SPDC) (30%), and Total E&P Nigeria (TEPNG) (10%), with SPDC as operator of the joint venture.
6. Equinor Petroleum Nigeria
We have been present in Nigeria since the early 1990s. Our success in Nigeria is underpinned by our sustainability work, ensuring we are a responsible operator and are proactive in improving opportunities for the communities where we work.
We have been in Nigeria since 1992 and have played a significant role in developing the country’s biggest deepwater field Agbami, utilising one of the world’s largest floating production, storage and offloading vessels.
It is located 110 kilometres off the Nigerian coast in water depths of 1,500 metres. It has been developed using subsea wells and is the world’s largest floating production, storage and offloading (FPSO) vessel.
The FPSO can store up to 2.2 million barrels of oil and will be on location for more than 20 years.
7. PETROBRAS Nigeria
Petrobras began operations in Nigeria, in Western Africa, in 1998, in the deep waters of the Niger Delta. Since then, our oil exploration and production operations have intensified in the country.
Today, we are involved as a non-operator in the OML-127 (Agbani) and OML-130 (Akpo) blocks.
The Agbami field is located between the OML-127 and OML-128 blocks where a unitization agreement was implemented. The field lies in waters varying between 1,400 and 1,600 meters in depth.
It began to produce in July 2008, with the oil considered to be light, between 45 and 48 degrees API. This field is developed together with Chevron (the operator) and other partners.
8. Seplat Petroleum Nigeria
Seplat is a leading independent oil and natural gas producer in the prolific Niger Delta area of Nigeria and a leading supplier of processed gas to the domestic market.
Since Seplat acquired its first blocks and commenced production in 2010, the Company has increased oil and gas production and grown reserves in each year of operation and is today widely recognised as a leading Nigerian independent oil and gas operator.
Underpinning Seplat is a strong balance sheet and profitable production base with a balanced mix of oil and gas.
9. Addax Petroleum Nigeria
Addax Petroleum began operations in Nigeria in 1998 by signing two Production Sharing Contracts (PSCs) with the Nigerian National Petroleum Corporation (NNPC).
In Nigeria, Addax Petroleum’s producing assets include 11 field complexes with around 80 production wells in concession OML123, 2 fields with 15 producing wells in concession OML 124 and 2 fields with 17 production wells in concession OML126.
10. Nexen Petroleum Nigeria
CNOOC International has a 45% working interest in the OML130 block located approximately 150 kilometres off the coast of Port Hartcourt, Nigeria.
This is alongside its partners Total Upstream Nigeria Limited, who is the operator of the block and holds a 24% working interest, Petrobras (16% working interest) and South Atlantic Petroleum Limited (15% working interest).
The OML130 block, encompassing 648 square kilometres, is a deepwater project comprised of four oil fields: Akpo, Egina, Egina South and Preowei.
Akpo – one of the world-class discoveries drilled in the OML130 block – has maintained stable net production of 56,000 bbls/d since 2009.
Use the Comment Box below to state your own View.