Do you want to know the top oil and gas companies in Nigeria? Are you interested in working for an oil company in Nigeria? Are you searching for information on how to get oil companies jobs in Nigeria? Do you know several oil companies are operating in Nigeria?
The oil industry serves as Nigeria’s main source of revenue. Over 95% of Nigeria’s foreign exchange earnings come from oil and gas companies, which are crucial to the nation’s economy. In Nigeria, the oil and gas sector contributes more than 65% of the government’s budget. Nigeria is Africa’s top oil and gas producer and exporter. The USA Energy Information Administration estimates Nigeria’s oil reserves to be between 17 and 22 billion barrels.
Natural resources are in great plenty in Nigeria. There are enough natural gas and uranium resources to provide the world’s energy demands for generations, along with about 2 billion barrels of crude oil reserves. You will get to know the top oil and gas companies in Nigeria, how to apply for Jobs at Oil Companies in Nigeria, who in Nigeria has the most oil and gas wealth, and a lot more in this article.
Nigeria’s top oil and gas companies
Nigeria’s oil sector employs about 131 businesses, including drilling and surveying firms. Due to high levels of instability, corruption, restrictive government regulations, fierce rivalry, and other factors, several oil companies—both local and foreign—have joined and left Nigeria’s oil business throughout the years.
1. Exxon Mobil:
ExxonMobil Corporation, a leading oil, and gas firm in Nigeria were founded in the US on November 30, 1999. As Mobil Exploration Nigeria Incorporated, the business first operated in Nigeria in 1955. (MENI). Now it goes by the name Mobil Producing Nigeria.
- Headquarters: USA, Texas, Irving.
- Established on November 30, 1999.
- Website: corporate.exxonmobil.com
2. Chevron Nigeria Limited (CNL):
One of Standard Oil’s descendant firms is the American business Chevron Corporation. It is among Nigeria’s biggest investors and oil producers. In 1913, Chevron started conducting business in Nigeria, engaging in oil, gas, and alternative energy. It is a joint venture between the Nigerian National Petroleum Corporation and operates in the onshore and offshore Niger Delta region (NNPC).
- Headquarters are located in San Ramon, California.
- Established: 1879
- Website: www.chevron.com
3. Equinor ASA
The largest Norwegian oil corporation in the world is Equinor ASA, formerly known as Statoil and StatoilHydro. The business has been operating in Nigeria since 1992 and has been instrumental in the development of Agbami, the country’s largest deep-water field.
In Nigeria, Equinor has dug ten wells and spent more than US$3.5 billion. The corporation supplies some of the most refined goods to the nation and owns a 20.21% share in the Agbami oil field. This oil field is operated by Chevron, which has a 67.30% interest, and Prime 127, which has a 12.49% interest.
- Headquartered in Norway, Stavanger
- Formed: 1992
- URL: www.equinor.com
4. Shell Energy Nigeria
The best oil firm in Nigeria and a major force in the oil sector is Shell. Since 1937, it has been working and collaborating with the NNPC. Given its competitive pay rates, Shell is a favorite employer among many Nigerians. The Shell Petroleum Development Company of Nigeria joint venture (SPDC JV), Shell Nigeria Exploration and Production Company (SNEPCo), Shell Nigeria Gas (SNG), and Nigeria LNG Limited are the four Nigerian companies of Shell Energy Nigeria (NLNG)
- Headquarter: Nigeria’s Rivers
- Established: 1936
- Web address: shell.com.ng
5. Nigerian Agip Oil (NAOC)
One of Nigeria’s biggest oil and gas corporations is NAOC. Through its subsidiaries, NAOC, NAE, and AENR, Eni—an integrated energy firm with its headquarters in Italy—operates in the onshore and offshore regions of the Niger Delta. Through its subsidiary, Nigerian Agip Oil Company, Eni has operated in Nigeria since 1962.
- Headquarters: Italy’s Rome
- Created: 1962
- URL: www.eni.com
6. Nexen Petroleum Nigeria Limited
One of Canada’s top oil and gas corporations is Nexen Petroleum. The business is a division of CNOOC Limited. Beijing, China serves as the corporate headquarters for CNOOC Limited.
Together with Esso E&P Nigeria (Offshore East) Limited, the oil field’s operator, Nexen Petroleum Nigeria Limited is developing Usan with a 20% working interest. Chevron Petroleum Nigeria Limited and Total E&P Nigeria Limited are other participants in this venture.
- Headquarters: Canada’s Calgary, Alberta
- Founded on July 12, 1971
- Website: cnoocinternational.com
French multinational integrated energy and petroleum corporation TotalEnergies SE. The company was founded in 1924, and on June 1st, 1956, it started marketing petroleum products in Nigeria. The corporation engages in power generating and chemical manufacture in addition to having a vast distribution network of more than 500 oil stations around the nation.
- Headquarters: France’s Courbevoie
- Created: 1924
- Web address: total.com.ng
8. Hardy Oil and Gas Plc
In 1997, Hardy Oil and Gas Plc were founded. On May 31, 2005, it changed its name to Hardy Plc and stated that a good test at the Oza field in Nigeria had been successful in 2007. The large oil and gas business with its British headquarters operates in Oza and Atala. It explores these onshore oil reserves alongside Millenium Oil and Gas Company and maintains a 20% interest in Bayelsa Oil Company Limited.
- Headquarters: United Kingdom, London
- created in 1997
- URL: www.hardyplc.com
9. South Atlantic Petroleum (SAPETRO)
One of Nigeria’s most well-known domestic oil and gas firms is South Atlantic Petroleum. In 1995, Theophilus Danjuma founded SAPETRO. Off the coast of Port Harcourt, the business helped develop the Akpo deepwater field. In terms of offshore East and Southern Africa, it now holds the second-largest amount of land.
- Headquarters: Lagos, Nigeria, Odeku Street
- Established: 1995
- Website address: www.sapetro.com
10. Addax Petroleum
Having been founded in 1994, Addax Petroleum started conducting business in Nigeria in 1998. In August 2009, the business joined the Sinopec Group, one of China’s biggest oil and gas producers. One of China’s top oil and gas producers, Sinopec Group is also Asia’s largest oil refiner and the third largest company globally. In Nigeria, they deal with more than 100 wells.
- Headquarter Location: Beijing, China
- Established: 1994
- Online at www.addaxpetroleum.com
Which Nigerian oil company is the largest?
The top five oil producers and investors in Nigeria are Equinor ASA, Chevron, Exxon Mobil, TotalEnergies, and Shell Energy Nigeria.
In Nigeria, who owns the oil and gas?
There are six terminals for the export of petroleum in the nation. Mobil, Chevron, Texaco, and Agip each hold one, while Shell owns two. Along with the neighboring Bonny Terminal, Shell also owns the Forcados Terminal, which has the capacity to store 13 million barrels (2,100,000 m3) of crude oil.
Who in Nigeria has the highest oil well?
The oil wells in Akwa Ibom are more important to Nigeria’s oil exports, making this region the country’s biggest oil producer. One of the major investment options in the state is oil and gas.
How to Apply for Jobs at Oil Companies in Nigeria
There are several methods to find employment in the oil sector if you have the necessary qualifications and experience. You must locate a business that engages in oil exploration, drilling, extraction, production, refining, marketing, etc. if you want to work in the upstream sector of the industry.
You must look for businesses that handle distribution, sales, transportation, etc. if you want to go into the downstream sector of the oil industry. Although there are additional positions available in the oil sector, these two are the most typical.
Oil firms are constantly on the lookout for qualified candidates with relevant expertise. We advise you to enroll in some online courses if you wish to work in this industry. Courses at various levels address a range of topics connected to the oil sector. They consist of the following:
- Course in General Management (GM).
- Course in Production Management (PM).
- Course in marketing and sales (MS).
- Course in Business Law (BL).
Before applying for any employment, you should learn more about the organization. Make sure they provide the appropriate training programs and competitive remuneration.
You may even search for volunteer opportunities and internships. Send your resume by email or submit an application through their website. Don’t forget to inquire about the interview procedure.
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Who in Nigeria has the most oil and gas wealth?
Adenuga Mike (Conoil Producing)
Despite being a reclusive tycoon, Mike Adenuga, 59, Conoil Producing was the first Nigerian business to discover oil in significant amounts in the early 1990s. Adenuga is presently the largest oil exploration company in the nation and is valued at $4.3 billion.
In Nigeria, how many oil and gas businesses are there?
Throughout 2022, Nigeria would be home to more than 50 oil and gas businesses.
Which Nigerian state has the most oil wealth?
Akwa-Ibom. After ousting Rivers state from this position, Akwa-Ibom is now Nigeria’s top oil-producing state. According to the most recent census, it is situated along Nigeria’s coast and is home to about 5 million people.
In addition to producing crude oil, oil and gas firms also offer a variety of other services, including drilling, completion, production, transportation, refining, distribution, marketing, and sales. Oil and gas enterprises come in a wide variety.
While some of these businesses concentrate on production, others specialize in exploration. Finding possible hydrocarbon (oil) sources in the earth’s crust is referred to as exploration. The extraction of oil from found reserves is referred to as production.
Oil is refined to create useful goods like gasoline and diesel. The corporation delivers its items to clients through marketing and sales.
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