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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Energy & Infrastructure

Energia Marks 25 Years of Building An Indigenous Energy Legacy

From ThisDay · () English

Summarized and contextualized by DistantNews.

At a glance

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  • Energia, a Nigerian indigenous energy company, is celebrating its 25th anniversary.
  • Founded in 2001, the company has grown from exploration and production to encompass gas processing, storage, and export infrastructure.
  • Energia achieved First Oil in 2009 and has since expanded its production capacity and infrastructure, reaching 10 million barrels of cumulative crude oil production in 2020.

Energia, a prominent indigenous energy company in Nigeria, is marking its 25th anniversary, celebrating a quarter-century of resilience, innovation, and value creation in the nation's energy sector. Established in 2001 by Nigerian oil and gas professionals, many of whom were key members of the Petroleum Technology Association of Nigeria (PETAN), Energia was founded with the ambition to showcase the technical and operational capabilities of local companies.

Over the past 25 years, Energia has evolved from an exploration and production firm into a comprehensive energy business. Its capabilities now span crude oil production, gas processing, and crude storage and export infrastructure. The company actively pursues strategic opportunities across the broader oil and gas value chain.

Reflecting on the milestone, Chairman George Osahon emphasized that the company's journey is a tribute to the people and relationships that have shaped it. "Reaching 25 years is an important moment for Energia and a tribute to the vision, resilience and collective commitment of everyone who has contributed to the companyโ€™s journey," he stated. "As we celebrate this milestone, we recognise the foundation laid by our founders, employees, host communities, partners and stakeholders. That foundation gives us confidence as Energia continues to build responsibly for the future."

A significant achievement in Energia's history was reaching First Oil from the Ebendo/Obodeti field in 2009, marking a new phase of production and operational growth. Subsequent years saw strategic investments in field development and infrastructure, including the installation of a 25 MMSCFD gas processing plant and the reprocessing of 3D seismic data to support field development. The company successfully drilled its first development well and achieved one million barrels of cumulative crude oil production in 2012.

Energia continued to expand its production and storage capacity, inaugurating additional crude storage tanks and upgrading its flow station to handle 8,000 barrels of oil per day and 25 MMSCFD of gas by 2014. By March 2016, it reached five million barrels of cumulative crude oil production, followed by 10 million barrels in 2020. Since 2021, the company has further strengthened its capabilities through investments in a produced-water treatment plant, new seismic data acquisition, and the drilling of two new wells, with plans to upgrade field capacity to 20,000 barrels of oil per day.

Reaching 25 years is an important moment for Energia and a tribute to the vision, resilience and collective commitment of everyone who has contributed to the companyโ€™s journey. As we celebrate this milestone, we recognise the foundation laid by our founders, employees, host communities, partners and stakeholders. That foundation gives us confidence as Energia continues to build responsibly for the future.

โ€” George OsahonChairman of Energia, reflecting on the company's 25th anniversary.
DistantNews Editorial

Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.