Nigeria is the most populous black nation under the sun and extremely blessed with natural resources which Oil and gas are part of. Being the biggest oil-producing nation on the continent, it’s really not a surprise that we have quite a number of oil companies operating in Nigeria. <\/p>\n\n\n\n
Oil was first discovered in Oguta L.G.A of Imo state but was first discovered in commercial quantity in Oloibiri, Old Rivers State, present day Bayelsa state in 1956. And with oil discovered in commercial quantity, there was an influx of oil companies in the country.<\/p>\n\n\n\n
Immediately the liquid black gold was discovered, the fortune of Nigeria was drastically turned for the better, as it became the major source of revenue for the country. <\/p>\n\n\n\n
However, with the global oil price at its lowest, the once blooming source of revenue has dwindled. That said, Nigeria still has oil companies still operating in its territory. <\/p>\n\n\n\n
And it’s these companies that we will be discussing in this article. We will talk about their revenue, the number of rigs they own, and their net worth.<\/p>\n\n\n\n
The Oil industry is one of the biggest industries globally and it’s very volatile. Its operation and prices continue to change with waves of political unrest rocking some of the oil-producing countries.<\/p>\n\n\n\n
The price of oil has always been controlled by the Organization of the Petroleum Exporting Countries (OPEC). And the price of the US dollars in the market.<\/p>\n\n\n\n
Additionally, geopolitical issues and weather conditions continues to affect the oil prices. <\/p>\n\n\n\n
The top 10 biggest oil producers supply 71% of the world\u2019s oil, which is more than 100 million barrels per day. <\/p>\n\n\n\n
And while oil is mainly used in transportation (petrol and diesel), it also supports the production of certain lubricants, plastics, and pharmaceuticals.<\/p>\n\n\n\n
However, we are not going to hinge this discuss on the oil industry of the world, rather on oil companies in Nigeria.<\/p>\n\n\n\n
Like we’ve previously said, Nigeria has a lot of oil companies and while some are international conglomerates, others are locally owned companies.<\/p>\n\n\n\n
While the discovery of oil in commercial quantity might be a blessing to most countries, it has been a blessing and more recently a curse to some others.<\/p>\n\n\n\n
The change in oil prices, innovative ways of drilling has all contributed to the increase in oil production. However, some others have been stuck in the “medieval” method keeping their BPD low.<\/p>\n\n\n\n
While Nigeria may no longer be among the top oil-producing countries, there are still oil companies in the country.<\/p>\n\n\n\n
So here’s a list of the best Oil and Gas companies in Nigeria.<\/p>\n\n\n\n
Expanse is an indigenous company incorporated in 2015. The company has seasoned and professional team with expertise in oil and gas vessel operations.<\/p>\n\n\n\n
Additionally, they have established themselves as one of the leading indigenous company in the Oil and Gas industry of Nigeria.<\/p>\n\n\n\n
Taleveras is a leading global energy and services company They operate and invest in the upstream, midstream, downstream, and power sectors of the Energy industry.<\/p>\n\n\n\n
Their expansion and growth in Liquified Natural Gas and Renewable Energy strongly demonstrates a commitment to a cleaner environment and a better planet.<\/p>\n\n\n\n
The Nigerian Gas Processing and Transportation Company (NGPTC), is a subsidiary of the NNPC. It was was incorporated in July 2016, and is the successor company to the former Nigerian Gas Company (NGC) Limited. <\/p>\n\n\n\n
NGPTC has the mandate of gathering, processing and transporting gas to its customers.<\/p>\n\n\n\n
Energy Equity Resources (\u201cEER\u201d) is a group of African owned and African registered oil and gas companies. They are focused on the upstream, midstream, downstream and services sectors of the oil and gas industry (especially Nigeria).<\/p>\n\n\n\n
Since 2005, the EER group has been operating in Nigeria and in the Nigeria\/S\u00e3o Tom\u00e9 Joint Development Zone (JDZ). In 2019, the new parent company and all group companies were registered in African jurisdictions.<\/p>\n\n\n\n