Top 10 lists of oil and gas companies in Nigeria
Oil and gas companies in Nigeria are booming these days due to the increasing demand for natural gas across Africa. Shell, Eni, Total E & P, Chevron Corporation, ExxonMobil, Petrobras, Statoil ASA (Equinor), and other international oil and gas companies already have operations in Nigeria.
Nigeria has been blessed with abundant natural resources. There are over 2 billion barrels of crude oil reserves, about 1.5 trillion cubic meters of natural gas, and enough uranium deposits to supply the world’s energy needs for centuries.
Several oil companies are operating in Nigeria. If you’re interested in working for an oil company, check out the lists of some of the top oil and gas companies in Nigeria.
Table of Contents
Top 10 lists of oil and gas companies in
Nigeria
1. Shell PLC
Shell Plc. is a major oil & gas company operating in Nigeria. It holds about 40% of the Nigerian offshore oil and natural gas industry. In addition, Shell has an interest in exploration and production in other African countries.
Shell’s operations in Nigeria are focused on crude oil and natural gas exploration and production; production of liquefied petroleum gases (LPG); power generation; retail distribution of LPG; and marketing and trading of crude oil, LPG, refined products, and petrochemicals.
Shell is arguably one of the largest oil and gas companies in the world. Their headquarters are located in London, the United Kingdom. Shell was founded in 1907 by Royal Dutch Petroleum
2. Chevron Corporation
Chevron Corporation is a multinational energy corporation that operates in over 80 countries around the world. It is headquartered in San Ramon, California, the United States. The company was founded in 1879.
The company’s operations are divided into four segments: Upstream (oil and gas exploration and production), Chemicals & Refining, Downstream (refining, marketing, and distribution), and Petrochemical & Power.
Do you know that chevron now operates about 40 percent interest in eight concessions right now in the Niger delta region alone? Yes they where able to achieve this all through the joint-venture arrangement with the NNPC. Not yet done, chevron has diversified into other sectors in Nigeria through their subsidiary and they are doing pretty well in those areas.
Deepwater:
Chevron has stakes in three operated and six non-operated deepwater blocks in Nigeria ranging from 20 to 100 percent.
You might have aheard about the Agbami Field right? Well its a place that is said to be located at just 70 miles or about 113 km from the coast of Niger Delta. Chevron is said to control and own about 67.3% stakes of all oil and gas mineral deposits found in this region.
In Nigeria, Chevron is involved in the upstream business through its subsidiary, Chevron Petroleum Development Company Limited. This company holds concessions for offshore blocks in Ogoniland, Bayelsa State, Rivers State, Delta State, and Cross River State. Chevron also owns shares in the Nigerian National Petroleum Corporation (NNPC) and Nigerian Liquefied Natural Gas (NLNG).
3. Exxon Mobil Corporation
ExxonMobil is a global leader in integrated energy solutions that helps customers create reliable supply chains out of the resources they own. With proven expertise in the discovery, development, and delivery of oil and gas, chemicals, and refined fuels, the company serves customers through its networks of subsidiaries and joint ventures worldwide.
ExxonMobil Nigeria Plc (Nigeria) Limited is a subsidiary of ExxonMobil Corporation, a Fortune 500 corporation headquartered in Irving, Texas. It was incorporated on November 30, 1999, and began operations on July 1, 2000.
The company operates through four segments: Exploration & Production; Refining & Marketing; Upstream Operations; and Downstream Operations. In addition, ExxonMobil Nigeria Plc has three business units: Petroleum Products, Chemicals, and Lubricants.
Exxon Mobile is one of Nigeria’s largest oil and gas companies, producing approximately 500,000 barrels of crude oil per day from over 300 wells.
ExxonMobil operates in a joint venture with the Nigerian government-owned NNPC, which owns 60% of the company while ExxonMobil owns the rest.
4.Total Energy
Total is a major international energy group operating in over 60 countries around the world. Its operations include exploration and production of crude oil and natural gas; retail distribution of refined products through its brand name and that of independent dealers;
trading and marketing of natural gas; power generation; and manufacturing and supply of petrochemicals and other industrial products.
The company was founded in 1924. In 1956 the company began operating in Nigeria. Since then, it has grown into a large international company.
Today, Total operates in six segments: Upstream, Downstream, Trading & Marketing, Chemicals, Power Generation, and Retail.
The Upstream segment includes activities related to exploration and production of crude oil and natural gas, including acquisition, production, refining, transportation, and storage of crude oil and natural gas.
The downstream segment provides integrated services from procurement of raw materials to the sale of finished products, including retail sales of gasoline, diesel fuel, kerosene, jet fuels, liquefied petroleum gas, LPG, propane, and lubricants; wholesale distribution of motor fuels and lubricants; and retail sales of home heating oil, LP gas, and electricity.
The Trading & Marketing segment engages in the purchase and sale of crude oil, natural gas, refined products, and derivatives, as well as the trading of financial instruments.
5.Eni SpA
Eni is a multinational energy business headquartered in Italy that employs over 31,000 employees in approximately 68 countries. The firm began operations in Nigeria in 1962 through a wholly-owned subsidiary, the Nigerian Agip Oil Company (NAOC), and has been engaged in hydrocarbon exploration and production, as well as power generation, ever since.
AGIP Oil Company (AGIP) is a leading Nigerian oil company that produces over 1 million barrels per year. Its head office is located in Lagos State, Nigeria. The company was founded in 1962 and has been listed on the Nigerian Stock Exchange since 2001.
AGIP’s products include crude oil, natural gas, LPG, and refined petroleum products. In addition, the company owns stakes in power generation projects and operates in other sectors, including agriculture, real estate, insurance, banking, and telecommunications.
NAE and AENR are two of the company’s four subsidiaries. NAOC holds over 40 mining concessions in Nigeria, allowing it to conduct exploration and production operations in several oil zones.
6.Addax Petroleum Nigeria
Adax Petroleum Corporation (ADX) is a vertically integrated company that owns and operates oil refineries and chemical manufacturing facilities. ADX’s core business is the production of high-quality transportation fuels from crude oil.
Its operations include the refining, marketing, and distribution of gasoline and diesel fuel; asphalt products; lubricants; specialty chemicals; and renewable energy products.
Exploration and Development: Addax Petroleum Corp. has interests in several projects in Nigeria and Gabon that have been acquired over the past decade. These projects focus primarily on conventional drilling and development activities. In addition, Addax Petroleum Corp. holds interests in two deepwater blocks offshore Nigeria.
Refining & Marketing – Addax Petroleum Corp., through its subsidiary, Addax Petroleum Limited, owns and operates a refinery in Port Harcourt, Nigeria. This facility produces gasoline, diesel fuel, jet fuel, kerosene, asphalt, lubricants, and other petroleum products from crude oil.
7.The Nigerian National Petroleum Commission (NNPC)
The Nigerian National Petroleum Commission (NNPC) was established in 1977. It is responsible for the production, exploration, extraction, transportation, storage, marketing, importation, exportation, and distribution of crude oil and natural gas; and the generation of electricity from hydroelectric power stations.
In addition, the commission has the mandate to regulate the production, refining, transport, export, and importation of other petroleum products, including gasoline, kerosene, jet fuel, lubricants, and petrochemicals.
The Nigerian National Petroleum Corporation (NNPC) is an agency of the Nigerian federal government that governs oil and gas firms in the country.
NNPC operates four refineries in Nigeria, two of which are in Port Harcourt, one of which is idle, one in Warri, and one in Kaduna. The Warri Refinery has the largest refining capacity, with a capacity of 45,000 barrels of petroleum per day.
The Nigerian National Petroleum Corporation has the following units:
- The Nigerian Petroleum Development Company (NPDC)
- The Nigerian Gas Company (NGC)
- The Products and Pipelines Marketing Company (PPMC)
- Integrated Data Services Limited (IDSL)
- National Engineering and Technical Company Limited (NETCO)
- Hydrocarbon Services Nigeria Limited (HYSON)
- Warri Refinery and Petrochemical Co. Limited (WRPC)
- Kaduna Refinery and Petrochemical Co. Limited (KRPC)
- Port Harcourt Refining Co. Limited (PHRC)
- NNPC Retail
8.Statoil ASA (equinor)
Statoil ASA (now equinor) is a Norwegian oil company that operates in two segments: upstream (exploration and production) and downstream (refining and marketing).
Equinor has operations in about 30 countries around the world. Its core business activities are natural gas production from liquefied natural gas (LNG), crude oil and condensate production, offshore oil exploration and production, and power generation.
The company has been operating since 1992 and has taken on a significant role in the development of the country’s largest deepwater field, Agbami, by employing one of the world’s largest drifting production, storage, and offloading vessels.
In addition, Equinor has an interest in production activities through its 50% owned Nigerian joint venture, NNPC/Tullow Petroleum Plc (NNPC).
9.Nexen
Nexen Oil & Gas Company (OTCBB: NXEN) is a Canadian-based publicly-traded company that operates in the natural gas industry. Nexen’s core business activities include exploration and production of crude oil and natural gas; processing, transportation, storage, and marketing of natural gas; and the acquisition, ownership, and operation of energy assets.
Nexen Petroleum Nigeria Limited, a CNOOC Limited subsidiary, owns a 20% working interest in Usan and is developing the oil field alongside operator Esso E&P Nigeria (Offshore East) Limited.
Nexen owns a 45 percent operating stake in the OML130 block, which is located 150 kilometers off the coast of Port Harcourt, Nigeria.
The OML130 block, which covers 648 square kilometers and includes four oil fields: Akpo, Egina, Egina South, and Preowei, is a deepwater venture with four oil fields: Akpo, Egina, Egina South, and Preowei.
Since 2009, Akpo, one of the world-class discoveries drilled in the OML130 block, has maintained a steady net production of 56,000 bbl. /d.
10.Petrobras
Petrobras is the largest Brazilian multinational integrated energy holding company based in Rio de Janeiro, Brazil.
Its activities include exploration and production of crude oil and natural gas; refining and marketing of petroleum products; coal mining; steelmaking; electricity generation; port operations; and other businesses related to the energy sector.
Note: Brazilian oil company Petrobras has sold its Nigeria-focused subsidiary for around $1,5 billion.
PO & GBV has a stake in the OML 127 block, which includes the Agbami producing field, and a 16 percent stake in the OML 130 block, which includes the Akpo and Egina fields. GBV does not have a stake in any of the Nigerian assets.
Petrovida will control 50% of PO & GBV after the transaction is completed, while BTG Pactual will possess the other 50%.
Petrovida is a wholly-owned subsidiary of Africa Oil Corp (Africa Oil), a publicly-traded Canadian oil and gas exploration and production business.
How to Get Oil Companies Jobs in Nigeria
If you have the right skills and experience, there are many ways that you can get a job in the oil industry. If you want to work on the upstream side of the oil business, then you need to find a company that does exploration, drilling, extraction, production, refining, marketing, etc.
If you want to go into the downstream side of the oil business, then you need to find companies that do distribution, sales, transportation, etc. There are also other types of jobs in the oil industry, but these two are the most common.
Oil companies are always looking for people who have experience in the oil industry. If you want to work in this field, then we recommend that you take some online courses. There are different levels of courses that cover various topics related to the oil industry. These include the following:
- General Management Course (GM)
- Production Management Course (PM)
- Marketing & Sales Course (MS)
- Business Law Course (BL)
You should find out about the company first before applying for any position. You want to make sure that they offer the right training programs and pay well.
You may even look for internships and volunteer work. Apply through their website or send your resume through email. Make sure to ask questions about how the interview process goes.
Conclusion
Oil and gas companies not only produce crude oil but also provide services such as drilling, completion, production, transportation, refining, distribution, marketing, and sales. There are many different types of oil and gas companies.
Some of these companies specialize in exploration, while others focus on production. Exploration refers to finding potential sources of hydrocarbons (oil) in the earth’s crust. Production refers to extracting oil from discovered reserves.
Refining processes oil into usable products like gasoline and diesel. Marketing and sales are the ways through which the company distributes its products to customers.
