Nigeria as a country has many natural resources among which is crude oil. In fact, Nigeria remains the largest producer of oil and gas in Africa with massive daily barrel exports. Hence, it is not surprising that many oil and gas companies are operating in the country. If you are interested in the oil and gas sector, here is the best list of oil and gas companies in Nigeria;
Shell is a leading company in the Nigerian Oil and Gas sector with offices in Lagos, Abuja, Port Harcourt, and Warri. The company launched in the country in 1937, which means Shell has been in operation before Nigeria got her independence. In 1958, Shell made the first shipment of oil from Nigeria. Originally, Shell is a global company. It launched in 1907 as Royal Dutch Shell in England. So far, the company has extended its services to other countries of the world with Nigeria inclusive.
Nigerian Agip Oil Company Limited
The Nigerian Agip Oil Company Limited, renowned as simply Agip, is a subsidiary of Eni, an Italian multinational oil and gas company. The company operates mainly in the Nigerian regions known as the Niger Delta including Bayelsa, Delta, Rivers, and Imo states. In 2018, the NAOC averaged 100 Kobe daily productions, their best yet. The NAOC is also renowned for youth empowerment having trained close to 4,000 youths since 1999. Their education scholarships are among the bests in the country.
The name Equinor might sound new but the company is not. This company was formerly Statoil and has been fully operating in Nigeria since the early ’90s. Specifically, the Equinor started operations in 1992. In 2019, Equinor generated a whopping $532 million while averaging 36,000 daily oil barrel productions. Equinor operates using one of the world’s largest storage floating, production, and offloading vessels. With this, they could store 2.2 million barrels of oil for over 20 years.
At one time, Total was the most popular oil and gas company in Nigeria. It is an international brand based in France and globally, Total is one of the seven “Supermajor” oil companies. The company has been operational in Nigeria for over 60 years and currently operates approximately 580 outlets. In addition, Total has provided jobs for vast Nigerians with a record of 1,655 group employees. Furthermore, Total handles trading & shipping, renewable energies, and more.
Do you remember Forte Oil? Ardova Plc now stands in its place after founder Femi Otedola sold it. Forte Oil might not pass its popularity to Ardova Plc but it maintains its operations making it one of the best in Nigeria. The company operates not in Nigeria alone, but also, Ghana.
There are other oil and gas companies in Nigeria performing very well but here, I have listed just the top five ones. Just as there are several oil and gas companies in Nigeria, there are also several refineries, some owned by the government and others owned by private bodies.