Over the years, oil and gas companies in Nigeria have played key roles in the economic growth of the country, owing to the endless exploration and production of oil commodities.
With Nigeria being a major dependent on its oil and gas sector, there will always be a cause for the oil and gas companies in the country to continually make waves. Therefore, it would be interesting to know the leading oil and gas companies in Nigeria with special interest in their evolution and the products they specialize in.
1.Shell
Under the ownership of Royal Dutch Shell, Shell has been a vibrant oil company in Nigeria for many years. The oil company, which commenced operation in 1937, boasts great repute as the first to have discovered oil in Nigeria as far back as 1956.
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2.Chevron
Chevron, which has been operating in Nigeria for about 50 years, is undeniably one of the leading oil companies in the country. Prior to the merger which brought about its current name, Chevron was operating under the name Gulf Oil Company. Notably, the vibrant oil company specializes in several oil facets including alternative energy sources and natural gas.
Contact info: www.chevron.com
3.Total
With its commencement of operation dating back to 1956, Total Nigeria Plc has made its mark among Nigeria’s notable players in the downstream sector. Besides serving Nigeria, the oil and gas company spans its tentacles of operation to several other countries across the globe.
4.Exxonmobil
Believed to have begun operating in Nigeria since 1955, Exxonmobil has remained in the spotlight as a vibrant marketer and producer of specialty petrochemicals. In addition, the reputable oil and gas company deals in electric power generation facilities, making it a diversified oil company.
5.Addax Petroleum
Established in 1994 by Marc Lorenceau, Addax Petroleum is a renowned Nigerian oil company with more than 100 wells. Formally a subsidiary of Addax & Oryx Group of Companies (AOG), Addax is said to have come into place due to AOG’s expansion scheme. Also, Addax is known for having maintained long-standing relations with the Nigeria National Petroleum Corporation (NNPC) and the Nigerian federal government.
6.Nigeria National Petroleum Corporation (NNPC)
NNPC maintains operational capabilities in various oil-related aspects including marketing, product conveyance, petrochemicals and refining. The well-known oil corporation, which was founded in 1977, has struck a remarkable landmark in the oil industry particularly with the construction of refineries stationed in Port Harcourt, Kaduna and Warri from 1978 to 1989.
7.Nigeria Liquefied Natural Gas Limited NLNG
NLNG, which specializes broadly in geothermal energy industries and natural gas, is a limited liability company with its incorporation dating as far back as 1989. Following its incorporation, NLNG acquired the authorization to produce NGL (natural gas liquids) and LNG (liquefied natural gas) for the purpose of exportation.
8.Equinor Oil and Gas Nigeria
Equinor is highly revered for its immense contribution in Niger Delta’s Agbami oil field exploration. Equinor, which came into inception in Nigeria in 1992, previously operated under the name “Statoil” and its presence in the oil industry is believed to have redounded to Nigeria’s development.
Contact info: www.stateoil.com
9.Petrobas
Petrobas, which majorly specializes in gas, alternative energy sources and oil, is a Brazilian oil and gas company which commenced its Nigerian operations in 1998. Besides its fame as a vibrant oil and gas company in Brazil, Petrobas is believed to have intensified the wave of competition among Nigeria’s oil explorers cum manufacturers.
10.Nexen Inc
Besides dealing in deep water exploration, Nexen Inc maintains fame through its possession of offshore projects in Nigeria. Operating as an offshoot of CNOOC (China National Offshore Corporation), Nexen Petroleum Nigeria Limited has made its mark among Nigeria’s leading oil companies.
Contact info: www.nexencnoocltd.com
Conclusion
As the oil and gas sector continually contributes to Nigeria’s growth, oil and gas companies in Nigeria will likely maintain their footing among the most reputable firms in the country.
