Moni Pulo

What Moni Pulo does

Moni Pulo (Petroleum Development) Ltd is an indigenous Nigerian oil and gas exploration and production company incorporated in 1992 by the late High Chief (DR.) O.B. Lulu-Briggs. The company operates offshore in the Oil Mining License (OML) 114 concession (formerly OPL 230), located in the eastern lobe of the tertiary Niger Delta in Nigeria's South-South region. Its operating footprint encompasses approximately 5,000,000 NLTI across four assets, with production infrastructure consisting of the AGBANI floating production facility (FPF) located at the mouth of the Calabar River in 6m–10m water depths, two fixed wellhead platforms (Abana East and Abana West) in the Abana Field, and a fixed water injection platform supporting enhanced oil recovery operations.

The company's activities span exploration (including a 2011 3D seismic data acquisition over the northern area of OML 114), production from existing wells, and field development — most recently the Ntanta Field via a 2020 drilling services contract with Matpatson Petroleum Services Limited. Its stated strategy is to maximize hydrocarbon production and recovery from existing assets while acquiring or farming into new opportunities in Nigeria. The company holds headcount of 51–100 employees and operates from offices in Lekki and Port Harcourt.

Moni Pulo generates revenue through direct upstream oil and gas sales to downstream buyers and distributors, with no publicly disclosed pricing or contract terms. Distribution is domestic-only (Nigeria) via direct enterprise sales. The company is privately held and led by Dr. (Mrs.) Seinye O.B. Lulu-Briggs as Executive Chairman. Its customer base, segment mix, and pricing model are not publicly disclosed; marketing is conducted through industry events (NOG 2012/2014, NAPE 2014), a corporate content/news blog, and newsletter subscription.

Name

Moni Pulo

Legal name

Moni Pulo (Petroleum Development) Ltd

Website

https://monipulo.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Moni Pulo is an indigenous Nigerian oil and gas exploration and production company operating the OML 114 concession in the Niger Delta, focused on maximizing hydrocarbon recovery from four offshore assets and farming into new opportunities in Nigeria.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC)

akta.pro secondary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

Keywords

• Oil and gas exploration
• Hydrocarbon production
• Offshore production
• Upstream operations
• Oil mining license

Headquarters

HQ city

Lekki

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Oil and Gas Production: Moni Pulo generates revenue through oil and natural gas exploration and production activities, including hydrocarbon extraction and sales from its offshore concessions in the Niger Delta.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Moni Pulo is an indigenous Nigerian oil and natural gas exploration and production company operating in the Niger Delta region. The company focuses on maximizing hydrocarbon production and recovery from existing offshore assets within the Oil Mining License (OML) 114 concession, while also acquiring and farming into new opportunities in Nigeria. Its operations encompass exploration activities (including 3D seismic data acquisition), production operations from the AGBANI FPF floating production facility, wellhead platforms (Abana East and West), and a water injection platform.

Product overview

Moni Pulo is an indigenous Nigerian oil and gas exploration and production company operating primarily in the Niger Delta region. The company's core business encompasses exploration activities (including 3D seismic data acquisition), production operations from the OML 114 concession with 4 assets, and field development projects. Production infrastructure includes the AGBANI FPF floating production facility, Abana East and West wellhead platforms, and a fixed water injection platform. The company holds approximately 5 million NLTI and has been in operations for over 20 years.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration and Production

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Matpatson Petroleum Services LimitedcoreTechnology or Integration · 1 August 2020Moni Pulo signed a drilling service contract with Matpatson Petroleum Services Limited for developing the Ntanta field within its existing OML 114 concession.
• NNPC/NAPIMSminorStrategic or Co-development PartnerMoni Pulo partnered with NNPC/NAPIMS to conduct a five-day free medical mission in Uruan L.G.A Akwa Ibom state in August 2014, benefiting close to 7,000 people.
• La Sien WaterminorGTM or Marketing PartnerMoni Pulo partnered with La Sien Water to support the 'TOUR DE NIGER DELTA' - a marathon bicycle ride spanning Rivers State, Akwa Ibom State and Cross River State to encourage healthy competition and foster team spirit among youths.
• Nigerian Content Development and Monitoring Board (NCDMB)minorGTM or Marketing PartnerNCDMB commended Moni Pulo for its commendable compliance with Nigeria's local content law and the impressive impact of its operations on host communities. Representatives attended Moni Pulo's economic empowerment program events.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Eroton Exploration & Production: Eroton operates OML 18 in the Niger Delta and has been involved in production and asset-deal transactions similar to Moni Pulo. It is a comparable indigenous Nigerian upstream operator with a focus on Niger Delta production.
• ND Western (ND Western Limited): ND Western operates OML 34 and other Niger Delta concessions as an indigenous Nigerian E&P. It is comparable to Moni Pulo in scale, indigenous status, and operating focus on Niger Delta shallow-water and onshore production.
• Frontier Oil: Frontier Oil operates the Ango field and other Nigerian concessions as a small indigenous producer. Its scale and operational focus on Niger Delta production make it a close structural peer to Moni Pulo.
• Oando Energy Resources: Oando operates upstream oil and gas assets in Nigeria through Oando PLC, including interests in OML 56 and other Niger Delta concessions. It is a direct comparable as an indigenous Nigerian E&P pursuing production maximisation and asset acquisition similar to Moni Pulo.
• Seplat Energy: Seplat Energy is a leading indigenous Nigerian upstream operator with producing assets in the Niger Delta (OMLs 4, 38, 41). It is the closest publicly listed analogue to Moni Pulo's indigenous E&P model and competes directly for farm-in opportunities and NCDMB-related local-content positioning.
• Waltersmith Petroman Oil: Waltersmith is an indigenous Nigerian upstream company operating the Ibigwe field and other Niger Delta assets. Its small-to-mid-scale, indigenous, production-focused profile closely matches Moni Pulo's operational footprint.
• Aiteo Eastern Exploration & Production: Aiteo is one of Nigeria's largest indigenous oil producers, operating OML 29 (the Nembe Creek trunk line) and other Niger Delta assets. It represents a scaled-up version of the same indigenous-E&P operating model that Moni Pulo pursues.
• Niger Delta Petroleum Resources (NDPR): NDPR operates the Ogbele field and other Niger Delta concessions as an indigenous Nigerian producer. Its asset base, technology mix, and emphasis on production optimisation are highly comparable to Moni Pulo's OML 114 operations.

Emerging players

• Oranto Petroleum International: Oranto is an Africa-focused upstream operator with Nigerian acreage (OML 34, OPL 321). It is comparable as an Africa-wide E&P pursuing farm-ins and asset acquisitions in jurisdictions similar to where Moni Pulo operates.

Broad incumbents

• NNPC (Nigerian National Petroleum Company): NNPC is the state oil company and counterparty/partner to nearly every Nigerian E&P venture. Moni Pulo works with NNPC/NAPIMS, making NNPC the dominant incumbent shaping the operating environment and partner dynamics for Moni Pulo.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MonipuloLtd
• LinkedInlinkedin.com/company/moni-pulo-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moni Pulo