Heyden Petroleum

What Heyden Petroleum does

Heyden Petroleum Limited is an indigenous, independent oil trading company incorporated on 30 October 2001 in Nigeria and the United Kingdom. The company trades and distributes refined white products (Premium Motor Spirit, Automotive Gas Oil, Kerosene) and semi-refined black products (Bitumen, Crude, Liquefied Natural Gas, Liquefied Petroleum Gas and other gas components), and operates a vertically integrated downstream value chain anchored on the Ijora jetty complex in Lagos — a 180-meter jetty dredged to 10.5 meters draft, a 46,000 metric tonne depot on a 65,000 square meter site that is being expanded to 70,000 metric tonnes, and a 5,000 metric tonne-per-day loading operation served by a trailer park accommodating 300 to 400 tankers. Jet fuel storage capacity of 30,000 metric tonnes (two 15,000 MT tanks with a dedicated loading gantry) is currently under construction.

The company serves three primary customer segments: B2B oil and gas counterparties (including NNPC, Oando, Mobil, Total, Conoil, Eterna, NIPCO, Texaco, Petrocam, and Vitol) for white- and black-product supply; individual and SMB vehicle owners through 50+ strategically located retail filling stations in and around Lagos (supplemented by a 2024 acquisition of 50 additional stations); and industrial consumers requiring bulk warehousing and trucking. The company also holds a majority stake in FirstPower, an indigenous power generation company serving the Lagos central business district, extending its footprint into electricity.

Revenue mechanics are primarily transactional, with margins driven by commodity spreads, storage fees, logistics charges, and retail fuel margins. Pricing is not publicly disclosed and is described as market-fluctuating for commodity products. The company maintains operational offices in Lagos (headquarters and Ijora depot/jetty), Abuja, Cape Town, and London, and employs 250+ colleagues. Energy consultancy services are also offered, leveraging two decades of operational experience.

Name

Heyden Petroleum

Legal name

Heyden Petroleum Limited

Website

https://heydenpetroleum.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Heyden Petroleum is an indigenous Nigerian oil trading and distribution company operating an integrated Lagos-based value chain spanning jetty intake, 46,000–70,000 MT depot storage, bulk logistics, and 50+ retail filling stations, with a majority stake in FirstPower power generation.

Ownership category

akta.pro rank

Product category

Petroleum Trading and Distribution

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum and Petroleum Products Merchant Wholesalers (4247), Fuel Dealers (457210)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), Blending, Additization & Terminal Operations (In-Terminal Blending, Dyeing, Bio-blending) (EUALAEAJ), Unbranded/Spot Fuels Distribution (Rack Sales) (EUALAIAC)

Keywords

• Petroleum products trading
• Fuel distribution services
• Retail fuel stations
• Petroleum warehousing storage
• Maritime logistics services

Headquarters

HQ city

Maryland

HQ country

Nigeria

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Petroleum Product Trading: Trading and distribution of refined white products and semi-refined black products including Automotive Gas Oil (AGO), Premium Motor Spirit (PMS), Bitumen, Crude, LNG, LPG, and other gas components
2. Retail Fuel Sales: Retail fuel sales through 50+ strategically located filling stations in and around Lagos
3. Warehousing Services: Product warehousing services with over 40,000 metric tonne capacity
4. Logistics and Maritime Services: Shipping, maritime, and logistics services including truckload deliveries of PMS and AGO
5. Consultancy Services: Energy sector consultancy leveraging over two decades of operational experience
6. Power Generation: Power generation through majority shareholding in FirstPower serving Lagos central business district

Go-to-market motion1 record

Distribution channels5 records

Marketing channels1 record

Core offering

Heyden Petroleum trades and distributes refined petroleum products including Automotive Gas Oil (AGO), Premium Motor Spirit (PMS), Bitumen, Crude, LNG, LPG, and kerosene. It operates 50+ retail filling stations in Lagos, provides large-scale warehousing and storage at a 46,000 MT depot, runs maritime and logistics operations via the Ijora jetty and a 300-400 trailer/tanker fleet, and supplies power generation capacity to the Lagos central business district through its majority stake in FirstPower.

Product overview

Heyden Petroleum is an indigenous, independent oil trading company incorporated in Nigeria and the United Kingdom on October 30, 2001. The company operates a vertically integrated downstream business offering Retail Fuel Stations, Warehousing & Storage, Shipping/Maritime Services, Energy Consultancy, Energy Exploration (via its FirstPower subsidiary), and Logistics & Distribution. The portfolio includes a network of 50+ operational retail outlets across Lagos, a 46,000 metric tonne depot (expanding to 70,000), an 180-meter Ijora jetty with 10.5 meters draft, and jet fuel storage tanks under construction. The company trades in refined white products (PMS, AGO, Kerosene) and semi-refined black products (Bitumen, Crude, LNG, LPG).

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Fuel Stations Chain of strategically located filling stations in and around Lagos providing retail fuel (PMS, AGO) sales to individual vehicle owners and small commercial buyers.
• Warehousing and Storage Services Product warehousing services featuring a depot with 46,000 metric tonnes current holding capacity on a 65,000 square meter property, expandable to 70,000 metric tonnes for PMS, AGO, and Kerosene.
• Shipping and Maritime Services Maritime cargo handling via the Ijora jetty measuring 180 meters in length with a 10.5-meter draft after recent dredging, equipped to handle cargo ingress needs for petroleum products.
• Energy Consultancy Consulting services leveraging more than two decades of operational experience spanning multiple coasts to provide industry expertise in the energy sector.
• Power Generation (via FirstPower) Power generation services delivered through majority shareholding in FirstPower, an indigenous power generation company serving the central business district of Lagos state.
• Logistics and Distribution Bulk fuel delivery services for PMS and AGO featuring a daily loading capacity of 5,000 MT and a trailer park accommodating 300-400 trailers/tankers, with a distribution network across Nigeria.
• Petroleum Products Trading Trading and distribution of refined white products and semi-refined black products including Automotive Gas Oil, Premium Motor Spirit, Bitumen, Crude, Liquefied Natural Gas, Liquefied Petroleum Gas, and other gas components.

Quantifiable outcome

• Daily loading capacity: 5,000 MT/day
• +2 more outcomes

Named customers10 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

One partnership is on record.

• FirstPowercoreStrategic or Co-development PartnerHeyden Petroleum holds majority shareholding in FirstPower, an indigenous power generation company that serves the central business district of Lagos state. This represents a strategic vertical integration into power generation, complementing their petroleum trading and distribution operations.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Conoil Plc: Nigerian downstream petroleum marketing and retail operator with filling-station networks and bulk storage; listed as a Heyden partner and operates the same retail plus wholesale distribution model in Lagos and across Nigeria.
• Oando Plc: Nigerian integrated downstream energy company operating fuel trading, storage terminals, and retail service stations, and listed as one of Heyden's named commercial counterparties, making it a directly comparable operator with similar B2B/B2C downstream model.
• NIPCO Plc: Independent Nigerian downstream operator with LPG, retail and bulk fuel operations; listed as a Heyden partner and competes in similar B2B petroleum distribution and retail channel segments.
• Eterna Plc: Nigerian downstream petroleum products marketer trading PMS, AGO, kerosene and lubricants; named as a Heyden partner, it competes in the same Lagos wholesale and retail channels with comparable product mix.
• 11 Plc (formerly Mobil Oil Nigeria): Mobil-brand retail and downstream petroleum operations across Nigeria, listed as a Heyden partner; competes with Heyden for retail share in Lagos and uses similar trading/depot infrastructure.
• AA Holdings (AA&R / Masters Energy): Nigerian downstream independent with depot, marine, and retail operations servicing Lagos corridors; closely comparable business model of independent trading plus storage plus B2B distribution.
• MRS Holdings (MRS Oil Nigeria): MRS Oil Nigeria operates petroleum marketing and a substantial Lagos filling-station network with associated depot logistics, making it a near-direct Nigerian downstream peer with overlapping retail and wholesale operations.
• Sahara Group (Sahara Energy): Africa-focused integrated energy company with downstream trading, storage, and distribution across West Africa; overlaps with Heyden's maritime import, storage, and wholesale distribution activities at scale.
• Pinnacle Oil and Gas Limited: Nigerian downstream company with LPG, lubricants, and bulk fuel distribution; comparable mid-sized independent operator competing in similar trading and storage segments as Heyden.

Broad incumbents

• Vitol SA: Global independent oil trader listed as a Heyden partner; much larger but uses similar trading/distribution channels in West Africa, providing a benchmark incumbent at the upper end of the peer set.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/HeydenPetroleum
• Facebookfacebook.com/HeydenGroup

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 Heyden Petroleum