List of Top Oil and Gas Companies in Nigeria

Almost all of the oil and gas companies in Nigeria are in joint operations with the Nigerian National Petroleum Commission (NNPC). These International companies are in collaboration with the federal government to explore and produce various petrochemical products from the available resources in Nigeria. Also, this has contributed a lot to the GDP of Nigeria as well as her income.

Are you looking for a comprehensive list of oil and gas companies in Nigeria? This article is all you need to learn about the top oil and gas companies and their activities.

Top Oil and Gas Companies in Nigeria

In no order of priority, below is the list of top oil and gas companies in Nigeria with their details.

1. Shell

2. Chevron Petroleum Nigeria Ltd

3. ExxonMobil

4. Total E&P Nigeria Ltd

5. Nigeria Agip Oil Company (NAOC)

6. Addax Petroleum

7. Equinor

8. Petrobas

9. Nexen Inc.

10. Nigerian National Petroleum Commission (NNPC)

1. Shell

Have you heard of Shell before? It is one of the most popular and top oil and gas companies in Nigeria. The International oil company which was owned by Royal Dutch Shell has been in operation in Nigeria about 50 years ago.

With a joint venture with the Federal Government, Shell produces close to 200,000 barrels in a day. They carry out different activities including Offshore, Onshore, Shallow, and Deepwater oil exploration as well as productions.

Shell is known to be one of the highest-paying oil companies in Nigeria. Thus, they possess numerous oil-producing fields, pipelines as well as electric plants. Check out the top 5 business opportunities in the Nigeria oil and gas industry

2. Chevron Petroleum Nigeria Ltd

Similar to Shell, Chevron is a big player in the oil and gas companies in Nigeria. As a result of a joint venture with the Nigerian National Petroleum Commission, Chevron has different offices all over the Niger Delta area including the Agbani field.

With its headquarters in the USA, they are responsible for the production of one of the largest oil products sold in Nigeria and worldwide. See the current salary structure of Chevron and how much they pay their workers.

3. ExxonMobil

Exxon Mobil Corporation which is popularly known as ExxonMobil was started its operations in 1995. It is one of the largest and top best oil and gas companies in Nigeria.

As a result of its joint venture with the federal government, ExxonMobil has over 300 crude products with close to 500,000 barrels produced daily.

Also, ExxonMobil does not only explore, but also produces, and sells oil products widely, they help in the generation of electricity with their plants. See the current salary structure of ExxonMobil and how much they pay their workers.

4. Total E&P Nigeria Ltd

Total is also one of the top oil companies in Nigeria with over 50 years of experience. The International oil and gas company which started its operations in 1956 after getting its license is a major player in the oil industry.

5. Nigeria Agip Oil Company (NAOC)

Nigeria Agip Oil Company (NAOC) is also another key player in the Nigerian oil and gas industry. With over 40 mining leases, Nigeria Agip Oil Company explores and produces over 1000 barrels in a day.

Most of their exploration and production operation is done both onshore and offshore of Niger Delta whether shallow or deep.

6. Addax Petroleum

Addax Petroleum is one of the oldest oil and gas companies in Nigeria as it started its operations in Nigeria as far back as 1998. The Chinese group has 2 product-sharing contracts with 11 field companies and close to 110 producing wells.

Similar to other key players in the oil and gas industry, they mainly explore and produce oil products from the available resources.

7. Equinor

The 7th top oil and gas company on our list is Equinor. The International oil company has many offices, especially in the oil-producing states. Also, Equinor has many deepwater fields including Agbani, one of the Nigerian biggest reserves.

The Norwegian International oil company was established in the 1990s currently worth $155 billion. See the 15 largest oil reserves in the world.

8. Petrobas

Petrobas is another top oil and gas company in Nigeria with international standards. The company mainly focuses on the exploration, production, and transportation of oil, gas, and electricity. The Brazil-owned oil companies are currently worth $73 billion.

9. Nexen Inc.

Nexen Inc. as formerly called is currently one of the best crude oil companies in Nigeria. The oil and gas company which started its operations in Canada in 1971 has spread to many regions and countries including West Africa and Nigeria.

Furthermore, Nexen Inc. recently rebranded to China National Offshore Oil Corp (CNOOC) Petroleum. After securing its license in 2012, CNOOC Petroleum has grown to having up to 2 millions capacity of barrels  with over 20,000 barrels produced in a day.

Similarly, Nexen Inc. also known as CNOOC Petroleum joined hands with the NNPC and other top oil companies like Chevron, Total to carry out exploration and other activities.

10. Nigerian National Petroleum Commission (NNPC)

The list of the top best oil and gas companies in Nigeria will not be complete without mentioning the Nigerian National Petroleum Commission (NNPC).

NNPC is the Nigerian regulating body for all oil and gas companies in Nigeria. They enforce rules and regulations on these companies and ensure only appropriate operations are carried out. The body which was set up in 1977 joined hands together with most oil and gas companies in Nigeria to perform exploration, refining, and transportation of petroleum products widely.

Also, NNPC has many refineries in different oil-producing states and cities including Port Harcourt, Delta, and others.

Final Thought on Top Oil and Gas Companies in Nigeria

There are many oil and gas companies in Nigeria but we only mentioned the top best that are widely recognized.

Nigerian as a country generated a  lot of money from oil and gas as over 14000 active wells and 150 oil fields can be found in the country. Thus making Nigeria one of the biggest oil and gas producers in the world and the biggest in Africa.

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