Top 10 Richest Oil and Gas Companies in Nigeria

Oil and gas companies have a big impact on Nigeria’s economy. The Nigerian economy heavily relies on its petroleum industry, which accounts for approximately 95% of the country’s foreign exchange earnings.

The utilisation of oil dates back thousands of years, with evidence of oil fields along the Euphrates River dating back to 4-6 millennia ago after Marco Polo (an explorer) noted the presence of “earth oil” during his travels through modern Azerbaijan some 700 years ago.

Nigeria’s oil and gas sector contributes significantly to the government’s budget, providing over 65% of its funds. As the largest oil and gas producer and exporter in Africa, Nigeria boasts substantial reserves, estimated between 17 billion and 22 billion barrels by the USA Energy Information Administration, with some sources suggesting the figure could be as high as 35 billion barrels.

 Nigeria’s reserves in the Niger River delta and along the coast are located in more than 150 oil fields and over 1400 active wells.  The country hosts numerous international oil companies; some of these companies have gas stations all over the world.

The top 10 Nigerian oil companies are listed below:

  1. Addax Petroleum

Headquarters: Beijing, China

Founded: 1994

  1. South Atlantic Petroleum (SAPETRO)

Headquarters: Odeku Street, Lagos, Nigeria

 Founded: 1995

  1. Hardy Plc

Headquarters: London, United Kingdom

 Founded: 1997

  1. TotalEnergies

Headquarters: Courbevoie, France

 Founded: 1924

  1. Nexen Petroleum Nigeria Limited

Headquarters: Calgary, Alberta, Canada

Founded: 12th July 1971

  1. Nigerian Agip Oil (NAOC)

Headquarters: Rome, Italy

Founded: 1962

  1. Shell Energy Nigeria

Headquarters: Rivers, Nigeria Founded: 1936

  1. Equinor ASA

Headquarters: Stavanger, Norway

Founded: 1992

  1. Chevron Nigeria Limited (CNL)

Headquarters: San Ramon, California, USA

 Founded: 1879

  1. Exxon Mobil

Headquarters: Irving, Texas, USA

Founded: 30th November 1999

The 10 Best Oil Companies in Lagos

1 – Sono Nigeria Limited – Lagos

3/5, Falomo Street. Lagos.Lagos.

2 – Deltaafrik Engineering Limited – Lagos

6/7Th Fl, City Express Building, Plot 1637 Adetokunbo Ademola Street. Lagos.Lagos.

3 – Ial Nig. Ltd – Lagos

11, Creek Road. Lagos.Lagos.

4 – Chicason Group of Companies – Lagos

Plot 29 Durosinmi Etti Drive, Off Admiralty Way. Lagos.Lagos.

5 – Pinehill Leasing Ltd – Lagos

13Th Floor, Bookshop House, 50/52 Broad Street. Lagos.Lagos.

6 – Esu Ventures Limited – Lagos

9 Oyekan Road. Lagos.Lagos.

7 – Lonadek Oil & Gas Consultants – Lagos

12 Jibowu Street Yaba. Lagos.Lagos.

8 – Exxonmobil. (Mobil Producing Nigeria Unlimited) – Lagos

Mobil House, 1 Lekki Expressway. Lagos.Lagos.

9 – conoil nigeria plc – Lagos

38-39 Marina. Lagos.Lagos.

10 – Amazon Energy – Lagos

Block 94, Plot 18, Lekki Expressway. Lagos.Lagos.

The 10 Best Petroleum Companies in Abuja FCT

1 – Pipelines and Products Marketing Company Limited (Ppmc) – Abuja

Block C, 4Th Floor, Nnpc Towers, Central Business District. Abuja.Abuja FCT.

2 – Nadabo Energy – Abuja

730 Alexandra Crescent. Abuja.Abuja FCT.

Imports and exports petroleum products – Diesel (AGO), Petrol (PMS), LPFO and delivers door to door….

3 – Oseberg Oil & Gas – Abuja

1 Kudang Street, Off Monrovia Street, Wuse 2 Abuja, Wuse II. Abuja. Abuja FCT.

4 – Kingsbury Trading – Abuja

22 Lobito Crescent. Abuja. Abuja FCT.

5 – Hyson – Abuja

264, Tafawa Balewa Way. Abuja. Abuja FCT.

6 – Conoil Plc – Abuja

Herbert Macaulay Way. Abuja. Abuja FCT.

7 – Nigerian National Petroleum Corporation – Abuja

Herbert Macaulay Way. Abuja. Abuja FCT.

8 – Forte Oil – Abuja

105, Olusegun Obasanjo Way. Abuja.Abuja FCT.

9 – Centre for Petroleum Law Research (CPLR) – Abuja

6, Oliver Tambo Street. Abuja.Abuja FCT.



Nigeria has numerous companies that provide competitive salaries to their employees, with these 10 being particularly well-known for their generous compensation packages. So, for anyone seeking employment in Nigeria, these companies are worth considering as potential employers.

Nevertheless, it’s important to note that their pay may differ widely based on factors such as your skills, background, and the job role you’re pursuing.

Hence, it’s advisable to conduct thorough research on the particular position you’re interested in and ascertain the prevailing market rates for similar roles.

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