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We’re guessing what’s coming to mind: “Nah, this headline is cliche. Top 10 Engineering Companies in Nigeria?
How do they even measure excellence? Besides, there are a number of companies in Nigeria that deliver different engineering services; so get your wits together”.
We wholeheartedly relate to these pain points, except for putting our wits together, of course.
The Engineering Industry covers a broad spectrum of disciplines that we may not explore in this article. Civil Engineering? Mechanical Engineering? Metallurgical Engineering? Environmental Engineering? Petroleum Engineering? The list is pretty endless.
There are still more areas to explore in the Engineering discipline in Nigeria. Particularly concerning the workforce, academia, and some other business ideas in the area of engineering.
It is in this light therefore that we have streamlined our discourse to Petroleum Engineering.
Here’s why: If you do the math, you’d agree that the chunk of our daily discourse and sensibilities as Nigerians, revolve basically around these two: Oil and Gas and Construction; and additionally, Electrical Engineering.
In no particular order, we have curated a list of the “best” indigenous and foreign petroleum companies in Nigeria.
Our selection of “best” spawns around the timely delivery of projects and efficiency, executed by the companies that we shall subsequently examine.
Top 10 Companies in Petroleum Engineering [Oil and Gas; Nigeria]:
1. Exxon Mobil
Some sources claim Exxon Mobil is arguably the best oil company in the world, and this; is not far from reality. Exxon Mobil is the largest descendant of John Rockefeller’s ‘Standard Oil’. Incorporated in Texas, ExxonMobil is one of the world’s largest companies by revenue.
Exxon Mobil is also in the exploration and production of crude and natural gas.
2. Chevron
This is one of the largest producers of oil in Nigeria and one of its largest investors.
Like Exxon Mobil, it is one of the descendants of Standard Oil. With its headquarters in California, Chevron has operations in over 180 countries.
In 2018, Chevron’s net daily production in Nigeria averaged 194,000 barrels of crude oil and 233 million cubic feet of natural gas.
3. Shell
This company has its headquarters in the Netherlands and is incorporated in the United Kingdom. Shell Nigeria Gas is the country’s first and wholly-owned subsidiary of an international oil company involved in domestic gas distribution in Nigeria.
In the 2019 Forbes Global 2000 ranked Shell as the ninth-largest company in the world and the most significant energy company. Moreover, it is the third-largest company in the world by 2018 revenues.
4. Statoil
STATOIL is the most prominent Norwegian oil company in the world and has been around in Nigeria since the 1990s. They deal with the Agbani oil field exploration project in the Niger Delta.
In 2013, Forbes Magazine named Statoil the world’s eleventh most significant oil and gas company.
5. Total
Total is a French multinational oil and gas company. With over 60 years of operation in Nigeria, Total Nigeria has about 580 service stations in the country. Its businesses cover the entire oil and gas chain; from crude oil and natural gas exploration and production to power generation, transportation, refining and the like.
You May Also Like: Oil and Gas Insurance: Everything You Need To Know
6. Agip
The oil and gas company is one of the largest in Nigeria. It is in joint partnership with NNPC, NAOC, and Oando. While NNPC owns 60% of the corporation, NAOC owns 20% and Oando owns 20%. AGIP operates formally Nigerian Agip Oil Company [NAOC].
7. Texaco
As an American oil subsidiary of Chevron Corporation, Texaco commenced operations in Nigeria in 1961. The company was independent until its refining operations merged into Chevron Corporation in 2001. Before the merger, Texaco operated under the name to American Overseas Petroleum Ltd.
They first discovered oil at the Koluama Field; offshore Nigeria. Reports have it that this venture produces about 60,000 barrels of oil daily.
8. Addax
Addax Petroleum is one of the largest oil and gas producers in China; the biggest oil refiner in Asia and the largest worldwide. The petroleum company has had quite a history with the Federal Republic of Nigeria; this dates far back as 1998.
Addax Petroleum works with well over 100 wells in Nigeria, and its net worth is over 17 million pounds.
9. Nexen Petroleum Nigeria Limited
Founded initially as CNOOC Petroleum North America ULC, Nexen is a Chinese-owned oil and gas company. Its most prominent projects in Africa are Nigerian offshore projects. It has a 45% working interest in the OML 130 deepwater off the coast of Port Harcourt. By and large, Nexen Petroleum embarks on deepwater exploration in Nigeria.
10. Petrobras
Petrobras is a Brazilian multinational corporation in the petroleum industry. Like its competitors, it focuses on oil, gas, and alternative sources. Since it arrived in Nigeria in 1998, there has been an intensification in the exploration and production of oil activities in Nigeria.
Frequently Asked Questions
What are some areas where Nigerian engineers are qualified to work overseas?
There are few sectors where Nigerian engineers have the qualifications and skills to work and contribute on an international level:
- Information Technology (IT engineers
- Telecommunications engineers
- Manufacturing and Industrial Engineering
- Renewal energy
- Oil and gas industry
- Construction & Infrastructure
Conclusion
We hope you enjoyed our review of the Top Engineering Companies in Nigeria. There are several other key players in the Petroleum Engineering industry. Some of these include Hardy Oil and Gas, Nigerian National Petroleum Corporation [NNPC] and others.