Top Eight Oil And Gas Companies In Lagos, Nigeria

Oil and gas companies are a vital part of the Nigerian economy. They provide jobs, boost economic growth, and have been instrumental in developing infrastructure for the country. However, they also cause environmental pollution, which contributes to global warming.

This article will list the top 8 oil and gas companies operating in Lagos, Nigeria.

Nigerian Oil and Gas Industry

The oil and gas industry in Nigeria is a rapidly growing sector that has seen tremendous growth. Oil production now accounts for around 95% of government revenue, up from the 45% it accounted for back in 2005. 

The industry’s success can be attributed to various factors, including significant investments made by national and international companies and an increase in exploration activities. 

However, Nigeria’s economy still depends heavily on oil revenue, making it vulnerable to fluctuations in global demand and prices. In addition to this increased dependence on oil revenues due to shrinking non-oil sectors such as agriculture, there are also concerns about the rapid depletion of reserves due to a lack of investment into exploring new sources for crude extraction.

Top 8 Oil and Gas Companies in Lagos

The oil and gas industry is a booming sector in Nigeria, as the country is one of the top ten producers of crude oil. In this blog post, we’ll take a look at some of the most prominent companies operating in Lagos. 

1.ETERNA PLC – Lagos Best Oil and Gas Company

ETERNA PLC - Lagos Best Oil and Gas Company
ETERNA PLC – Lagos Best Oil and Gas Company

ETERNA PLC is one of the top oil and gas companies in Nigeria. The Company has been operating since January 2010, and it focuses on providing petroleum-based products to customers around the world. 

ETERNA’s headquarters is located in Lagos, Nigeria; however, they have a branch office in Houston, Texas, that handles operations for North America. 

The Company also operates other offices throughout Africa, including Chad, Ghana, and Senegal, and several offices across Asia such as China and India. In addition, ETERNA PLC offers product lines such as LPG (liquefied petroleum gas) for industrial use or personal use (i.e., cooking), aviation fuel for Nigerian domestic flights, or international flights outside of Nigeria.

  • Industry: Oil & Gas Exploration & Production
  • Employees: ~200 in Nigeria
  • Founded: 1989
  • Revenue Per Year (USD): $154.25 million
  • Location: Lagos Nigeria
  • Website: http://www.eternaplc.com/
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2.ASHTAVINAYAK HYDROCARBON LIMITED

ASHTAVINAYAK HYDROCARBON LIMITED, oil and gas companies in lagos
ASHTAVINAYAK HYDROCARBON LIMITED

Ashtavinayak Hydrocarbon Limited is a Nigerian oil and gas company specializing in the exploration, production, and distribution of oil. They have operations all over Africa, with their headquarters in Lagos.

Their corporate philosophy is to be an ethical business partner who provides sustainable solutions for the Energy needs today while preserving natural resources for future generations to come.  

The Company’s vision is to become a leading integrated energy company on the African continent by 2022. Ashtavinayak has been around since 2003, when it was initially established as a joint venture between New York-based investors and Nigerian stakeholders.

Today, they are majority-owned by NNPC (the Nigeria National Petroleum Corporation). Ashavianyak continues to grow at an impressive rate, with a total contribution of about $11.38 billion to the GDP in 2016 alone- an increase from their previous contributions of over $700 million in 2015.

  • Industry: Oil & Gas Exploration & Production
  • Location: Lagos Nigeria
  • Founded: 2004
  • Revenue Per Year (USD): $11.38 billion
  • Mobile: +234-8071091891

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3.BRASS LNG LIMITED- Indigenous Oil Companies in Nigeria

BRASS LNG LIMITED,list of indigenous oil and gas companies in nigeria
BRASS LNG LIMITED

Brass Lng was founded in 2003 and is headquartered in Lagos. They are an indigenous Nigerian oil & gas company, which means that Nigerians formed them for the people of Nigeria. Brass Lng specializes in liquefied natural gas (LNG) production from wet wells with the potential to start exporting soon. As a Nigerian company, Brass Lng is one of the oil and gas companies in Lagos.

  • Industry: Oil & Gas Exploration & Production
  • Location: Lagos Nigeria
  • Founded: 2003
  • Revenue Per Year (USD): $13 billion
  • Mobile: +234-8071091891

4.EER (COLOBUS) NIGERIA LIMITED

EER (COLOBUS) NIGERIA LIMITED, oil and gas companies in nigeria
EER (COLOBUS) NIGERIA LIMITED

EER Nigeria is an oil and gas company that was formed in 2005 by Nigerians. The Company has a proven track record of success with over three decades of experience, they also have exploration licenses for more than 15 million hectares. EER (COLOBUS)NIGERIA LIMITED is self-sufficient when it comes to oil and gas exploration.

  • Industry: Oil & Gas Exploration & Production
  • Location: Lagos Nigeria
  • Founded: 2005
  • Revenue Per Year (USD): $13 billion
  • Mobile: +234-8071091891
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5.YINKA FOLAWIYO PETROLEUM COMPANY LIMITED

YINKA FOLAWIYO PETROLEUM COMPANY LIMITED
YINKA FOLAWIYO PETROLEUM COMPANY LIMITED

The Yinka Folawiyo Petroleum Company Limited is Nigeria’s largest indigenous oil and gas exploration company. They have been in operation for over forty years; they are self-sufficient with an operating license covering some three million hectares of onshore oil and gas fields.

  • Industry: Oil & Gas Exploration & Production
  • Location: Lagos Nigeria
  • Founded: 1982
  • Revenue Per Year (USD): $12 billion USD
  • Website: https://yinkafolawiyogroup.com/

6.OANDO OIL LIMITED

OANDO OIL LIMITED, oil and gas companies in lagos
OANDO OIL LIMITED

Oando Oil Limited has been operating for over thirty-five years. Although they are the largest oil and gas exploration company in Africa, they also have a refinery with an installed capacity of 162 million metric tons per annum.

  • Industry: Oil & Gas Exploration & Production
  • Location: Lagos Nigeria
  • Founded: 1974
  • Revenue Per Year (USD): $11 billion USD  
  • Website: https://www.oandoplc.com/

7.SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC

SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC

SEPLAT Petroleum Development Company PLC is a Nigerian-based oil and gas company. Founded in 2009, SEPLAT operates oil fields and related facilities in Nigeria’s Delta region and produces natural gas, which supplies the power plants of its parent company, the Electricity Power Holding Company (EPHC).

The Company has operations across five states, including Bayelsa State, where it produces crude oil from three central onshore/offshore locations: Aniocha South River field, Agbami prospect area, Ofonagholo Prospect Area.

In addition to exploration activities that helped locate hydrocarbons deposits like those at Eleme West, Ogoni North-East Unit One, and Bunde North Unit One oil fields, SEPLAT has a strong downstream business.

  • Industry: Oil & Gas Exploration & Production  
  • Location: Lagos Nigeria
  • Founded: 2009
  • Revenue Per Year (USD): $11 billion
  • USD Website: https://seplatpetroleum.com/

8.BLUETAG SYNERGY PROJECTS LIMITED

BLUETAG SYNERGY PROJECTS LIMITED, oil and gas companies in Lagos
BLUETAG SYNERGY PROJECTS LIMITED

BLUETAG SYNERGY PROJECTS LIMITED is an oil and gas company in Lagos, Nigeria.

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It was established by a group of professionals to provide oil and gas exploration services offshore, onshore, and deepwater across Africa.

The Company has its core activities in Oil & Gas Exploration Services, including Geological, Geophysical, and Seismic Studies, Land Acquisition for drilling sites, and Production Monitoring.

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  • Industry: Energy
  • Location: Lagos Nigeria
  • Year founded: 2008
  • Website: blutags.com/

FAQ

1.How many oil companies are in Lagos?

Answer: There are two main oil companies in the city of Lagos.

The first is Direct Petroleum, which refines crude natural gas into petroleum and sells gasoline, diesel fuel, and other petroleum products to customers all across West Africa. The second is Petrolin NL Ltd., Nigeria’s only major operating indigenous refinery company that also produces various petrochemicals for local use and feedstock for export-oriented industries like the fertilizer industry.

2.What is the best oil company to work for?

Answer: Direct Energy is an excellent company to work for. They’re a real leader in renewable Energy; they were one of the first providers on the scene to help with rebuilding after Hurricane Harvey hit Texas and Louisiana. In addition, they have taken up some interesting initiatives in-house, like providing onsite head-of-the-bed recliner lift chairs.

Direct Energy’s employees say that they offer competitive compensation packages and benefits (including capping), generous PTO policies – including 15 days off during the year every two years — and plenty of welcoming happy hours. In return, you’re expected to work hard & deliver results; when people do great work at Direct Energy ‘, they will hear it. Plus, according to the Company’s website, “Direct Energy has a long history of supporting our communities.”

Conclusion:

We already covered Top eight oil and gas companies in Lagos and also some FAQ added. I hope this content was helpful for you. If you have any questions or suggestions, then please comment below.

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