Geoplex

What Geoplex does

Geoplex Drillteq Limited is a privately held, indigenous Nigerian upstream oilfield services company founded in 2002 and headquartered in Lagos, with primary operational bases in Port Harcourt. The company delivers integrated engineering services across Sub-Saharan Africa, organized into six core divisions: Oil Field Services (electric wireline, slickline, well testing, MWD/LWD, directional drilling, tubing-conveyed perforation, and pressure pumping & completions), Well Construction Services (a fleet of five land rigs including the 2024-built 4,500 HP Rig 727 capable of 30,000 ft depth), FPSO & Vessel Services (in alliance with YINSON), Geoplex Petroleum Resources (a wholly owned E&P and refining subsidiary), Integrated Services (project management and skilled manpower recruitment), and Drilling & Engineering Services (mud logging, tubular running, and early production facilities).

Geoplex employs 500+ skilled professionals, over 99% of whom are Nigerian, and operates through seven physical offices across Nigeria, Ghana, Congo, Ivory Coast, and Angola. The company is certified to API Spec Q2 and ISO quality standards and holds active memberships with IADC, PTAN, NDPC, and API. Its customer base includes Shell, TotalEnergies, Chevron, ExxonMobil, ENI/Agip, Transocean, NNPC, Seplat, Aiteo, and Oando, among others. Service delivery is contract-driven via enterprise tenders, with claimed 48-hour mobilization capability and 98% client satisfaction across 3,950+ jobs completed since inception.

The company monetizes through day-rate rig contracts, professional service agreements for well intervention, integrated project management fees, and—through its Geoplex Petroleum Resources subsidiary—hydrocarbon production revenue. Distribution is direct-to-enterprise via dedicated business development teams and regional offices, with no intermediaries. Key milestones include the 2012 YINSON FPSO alliance, the 2022 KCA Deutag Nigerian asset acquisition that built the land rig fleet, and the 2024 launch of Rig 727. The company remains privately held under founder/CEO Engr. Wole Ogunsanya with no disclosed external equity funding.

Name

Geoplex

Legal name

Geoplex Drillteq Limited

Website

https://geoplex.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Geoplex Drillteq Limited is a privately held, indigenous Nigerian upstream oilfield services company operating across Sub-Saharan Africa with 500+ professionals, a fleet of five land drilling rigs, and integrated well construction, intervention, FPSO, and E&P services serving IOCs and indigenous operators.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Support Activities for Oil and Gas Operations (213112), Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (2131)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

akta.pro secondary industries

Drilling & Workover Rigs (Land & Offshore) (EUALABAA), Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK), Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC) (EUALABAO)

Keywords

• Oilfield services
• Upstream oil and gas
• Wireline logging
• Well construction
• Directional drilling

Headquarters

HQ city

Port Harcourt

HQ country

Nigeria

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Oil Field Services: Comprehensive downhole well-logging and intervention services including Electric Wireline, Slickline, Well Testing, MWD, Directional Drilling, Logging While Drilling, Tubing Conveyed Perforation, and Pressure Pumping & Completions. Revenue generated through project-based service contracts with major oil and gas operators.
2. Well Construction Services: Land drilling operations with a fleet of 5 land rigs (Rig 727, T-209, T-57, T-26A, T-43) providing drilling services to operators. Revenue generated through day rates and contract drilling services.
3. Geoplex Petroleum Resources: Exploration, development, production, and refining of oil and gas from company assets in Nigeria. Integrated energy company operations generating revenue from hydrocarbon production.
4. Integrated Services: Project management, execution, and recruitment services for skilled manpower supporting oilfield operations along the sub-Saharan coast.
5. Drilling and Engineering Services: Engineering support, mud logging, tubular running services, and Early Production Facilities (EPF) providing midstream and downstream capabilities. Revenue from technical service contracts.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Geoplex Drillteq Limited provides integrated upstream oil and gas engineering services across Sub-Saharan Africa, organized into six divisions: Oil Field Services (electric wireline, slickline, well testing, TCP, pressure pumping and completions); Well Construction Services using a fleet of five land drilling rigs; FPSO and Vessel Services; Geoplex Petroleum Resources (exploration, production, refining); Integrated Services (project management and skilled manpower); and Drilling and Engineering Services (directional drilling, MWD/LWD, mud logging, tubular running, early production facilities). The company serves tier-1 international oil companies and indigenous Nigerian operators across Nigeria, Ghana, Congo, Ivory Coast and Angola with ISO- and API Spec Q2-certified processes and 48-hour mobilization.

Product overview

Geoplex Drillteq Limited is an upstream oil and gas engineering company operating across Sub-Saharan Africa. The company offers a comprehensive portfolio organized into six core service divisions: Oil Field Services (including Electric Wireline, Slickline, Well Testing, TCP, and Pressure Pumping & Completions), Well Construction Services (with a fleet of 5 land drilling rigs), FPSO & Vessel Services, Geoplex Petroleum Resources (exploration, production, and refining), Integrated Services (project management and recruitment), and Drilling & Engineering Services (including directional drilling, MWD/LWD, mud logging, tubular running, and Early Production Facilities). The drilling rig fleet includes Rig 727 (30,000 ft, built 2024), T-209 (20,000 ft, refurbished 2007), T-57 (16,000 ft, refurbished 2011), T-26A (20,000 ft, refurbished 2015), and T-43 (12,000 ft, refurbished 2014).

Differentiator

Problem solved

Functional benefit

Brands

• Geoplex Petroleum Resources: A fully owned Nigerian integrated energy company focused on exploring, developing, producing, and refining oil and gas from its holdings.

Products and services

• Oil Field Services Comprehensive downhole well-logging and intervention services including Electric Wireline, Slickline, Well Testing, MWD, Directional Drilling, Logging While Drilling, Tubing Conveyed Perforation, and Pressure Pumping and Completions, delivered to oil and gas operators using cutting-edge technology for exploration, development and production.
• Electric Wireline Services Formation evaluation, cased-hole logging, and perforating services with real-time data acquisition for reservoir characterization across open hole and cased hole environments, providing operators with comprehensive downhole data for exploration and production decisions.
• Slickline Services

Quantifiable outcome

• 3,950+ jobs completed across Africa since 2002
• +2 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• NCDMB and TotalEnergiescoreStrategic or Co-development Partner · 1 January 2024Collaborative initiative involving NCDMB and TotalEnergies to strengthen indigenous technical capacity in Nigeria's oil and gas industry. Geoplex is conducting a one-year HCD Training Programme welcoming 18 trainees for offshore cased hole logging services.
• KCA DeutagcoreStrategic or Co-development Partner · 1 January 2022Acquisition of Nigerian Land Drilling Assets from KCA Deutag in 2022 significantly strengthened Geoplex's technical capabilities and market leadership in land drilling operations. This strategic acquisition expanded the company's rig fleet and operational expertise.
• YINSONcoreStrategic or Co-development Partner · 1 January 2012Strategic alliance with YINSON for floating production solutions, providing FPSO and FSO services across West Africa. Partnership enables Geoplex to offer integrated floating production, storage, and offloading services to oil and gas operators.
• Baker HughescoreTechnology or IntegrationStrategic partnership for oil field solutions and technology integration in exploration and production operations across Nigeria.
• SchlumbergercoreTechnology or IntegrationCollaboration with Schlumberger for integrated oil field solutions and advanced well services technology.
• HalliburtoncoreTechnology or IntegrationPartnership with Halliburton for comprehensive well intervention and completion services.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• SLB (Schlumberger): Global oilfield services major offering integrated drilling, wireline, MWD/LWD, and directional drilling services to the same IOC customers Geoplex serves in Nigeria. SLB is a named technology partner of Geoplex, underscoring the overlap in service lines and customer base.
• Halliburton: Global OFS major with extensive Nigerian operations spanning drilling services, wireline, and completions. Halliburton is a listed technology partner of Geoplex and competes for the same IOC and indigenous operator tenders across Sub-Saharan Africa.
• Baker Hughes: Global oilfield services and energy technology company with strong Sub-Saharan Africa presence in drilling, wireline, MWD/LWD, and integrated services. Two of Geoplex's top executives previously held senior roles at Baker Hughes, reflecting direct operational and capability overlap.
• Tenaris: Global manufacturer and supplier of OCTG, line pipe, and tubular services to the oil and gas industry. Comparable to Geoplex's tubular running services line and shares the same West African IOC customer base for upstream tubular goods.

Direct peers

• Weatherford International: Global OFS provider of drilling, evaluation, and intervention services, including directional drilling and wireline capabilities directly overlapping Geoplex's core offering. Weatherford is a named technology partner of Geoplex and serves the same IOC customers in West Africa.
• KCA Deutag: International land and offshore drilling contractor. Geoplex acquired KCA Deutag's Nigerian land drilling assets in 2022, taking ownership of 5 land rigs and entering well construction as a direct rig-services competitor to KCA Deutag's broader fleet.
• Oando Energy Services: Nigerian-listed indigenous oilfield services and energy company with exposure to upstream services and indigenous E&P. Closest publicly visible indigenous Nigerian competitor to Geoplex in terms of integrated services and IOC/indigenous operator customer overlap.
• YINSON Production: FPSO and floating production solutions provider with which Geoplex has had a strategic FPSO alliance since 2012. Direct peer in West African FPSO operations and integrated vessel-based production services, serving the same IOC customers offshore Nigeria and Ghana.

Regional players

• Shelf Drilling: Middle East and Southeast Asia-focused offshore and shallow-water drilling contractor. Comparable to Geoplex in rig ownership business model and IOC client base, with potential overlap in West Africa jack-up opportunities adjacent to Geoplex's Nigerian land operations.

Others

• Seplat Energy: Leading Nigerian independent oil and gas producer and a direct customer of Geoplex for well construction, wireline, and integrated services. Comparable indigenous Sub-Saharan energy company profile in terms of local content focus, IOC partnerships, and Nigerian operational base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/GeoplexLimited
• Facebookfacebook.com/geoplexdrillteq
• LinkedInlinkedin.com/company/geoplex-drillteq-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Geoplex