Shoreline Natural Resources

What Shoreline Natural Resources does

Shoreline Natural Resources Limited (SNRL) is a privately held Nigerian upstream oil and gas exploration and production company incorporated on December 10, 2010, as a joint venture between Shoreline Power Company Limited (a Nigerian company with power sector interests) and Heritage Oil Shoreline Natural Resources (Nigeria) B.V. (a subsidiary of Heritage Oil Limited). The company is part of the broader Shoreline Group, led by Chairman Kola Karim and Managing Director Tunde Karim, and is headquartered in Lagos, Nigeria with operations support in Warri. Shoreline's sole material asset is a 45% participating interest in Oil Mining Lease 30 (OML 30), one of Nigeria's largest onshore oil and gas assets located in the Niger Delta's Ughelli depobelt.

The OML 30 license covers 1,097 square kilometers and contains eight producing fields (Afiesere, Eriemu, Evwreni, Oweh, Olomoro-Oleh, Kokori, Oroni, and Uzere) with hydrocarbons in up to 40 stacked reservoirs. Infrastructure comprises eight producing flow stations with a combined design capacity of approximately 380,000 barrels per day, five gas lift compression stations (Evwreni, Afiesere, Kokori, Olomoro, and Uzere), and the Ughelli Pump Station linking into the Trans Forcados Pipeline to the Forcados terminal. Current throughput is approximately 140,000 bpd, leaving substantial spare capacity. The asset is operated by Heritage Energy Operational Services Limited (HEOSL) under a joint venture with NNPC E&P Limited (NEPL), which holds the remaining 55% participating interest. Produced gas is consumed internally for fuel, compressor operation, and lift gas, with surplus gas supporting Nigeria's commercialization agenda.

Shoreline generates revenue through its share of crude oil and natural gas production from OML 30, sold under offtake arrangements through the NNPC E&P Limited joint venture framework. Pricing and contract terms operate under Nigeria's Petroleum Industry Act regulatory framework and are not publicly disclosed. The company employs between 51 and 100 staff and pursues a B2B enterprise go-to-market motion anchored on regulatory engagement with NUPRC and NCDMB, joint venture governance with NEPL, and industry positioning through events including NIES 2026, SPE NAICE 2025, and the World Gas Conference 2025.

Name

Shoreline Natural Resources

Legal name

Shoreline Natural Resources Limited

Website

https://shorelinenaturalresources.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Shoreline Natural Resources Limited is a Nigerian upstream oil and gas joint venture holding a 45% participating interest in OML 30, one of Nigeria's largest onshore assets in the Niger Delta, producing and selling crude oil and natural gas.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

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

akta.pro secondary industries

Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Oil and gas exploration
• Upstream petroleum production
• Crude oil production
• Natural gas production
• Joint venture operations

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Crude Oil Production and Sales: Shoreline Natural Resources generates revenue through the production and sale of crude oil from its 45% participating interest in OML 30. The company produces crude oil through eight flow stations with current throughput of approximately 140,000 barrels per day, with substantial spare capacity to accommodate future production increases. Crude oil is evacuated via the Trans Forcados Pipeline to the Forcados terminal.
2. Natural Gas Production and Sales: The company produces and monetizes natural gas from its OML 30 assets. Gas from compressor stations is used internally as fuel gas for power generation and to run compressors, as well as lift gas for enhanced oil recovery. Surplus gas production is commercialized, contributing to Nigeria's gas commercialization agenda and revenue diversification.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Shoreline Natural Resources engages in upstream oil and gas exploration, development, and production through its 45% participating interest in Oil Mining Lease (OML) 30 in Nigeria's Niger Delta. The asset comprises eight producing fields with eight flow stations and five gas lift compression stations, producing crude oil evacuated via the Trans Forcados Pipeline and natural gas used for power generation and enhanced oil recovery. The company operates exclusively as a joint venture between Shoreline Power Company Limited and Heritage Oil Shoreline Natural Resources (Nigeria) B.V.

Product overview

Shoreline Natural Resources is an indigenous Nigerian oil and gas exploration and production company structured as a joint venture between Shoreline Power Company Limited and Heritage Oil Shoreline Natural Resources. The company's core product is its 45% participating interest in OML 30, a large onshore oil and gas asset in the Niger Delta. The asset portfolio comprises eight producing fields (Afiesere, Eriemu, Evwreni, Oweh, Olomoro-Oleh, Kokori, Oroni, and Uzere) with infrastructure including eight producing flowstations and five gas lift compression stations. Supporting operations include Health, Safety & Environment (HSE) management services and Corporate Social Responsibility (CSR) programs for host communities.

Differentiator

Problem solved

Functional benefit

Products and services

• OML 30 (Oil Mining Lease 30) Shoreline's 45% participating interest in OML 30, one of Nigeria's largest onshore oil and gas assets spanning 1,097 square kilometers in the Niger Delta, containing eight producing fields with stacked reservoirs.
• Crude Oil Production (Eight Flow Stations) Crude oil production from eight producing flow stations at Afiesere, Eriemu, Evwreni, Oweh, Olomoro-Oleh, Kokori, Oroni, and Uzere fields with total design capacity of approximately 380,000 barrels per day and current throughput of approximately 140,000 bpd, evacuated via Ughelli Pump Station into the Trans Forcados Pipeline to the Forcados terminal.
• Natural Gas Production and Compression Natural gas production with five gas lift compression stations at Evwreni, Afiesere, Kokori, Olomoro, and Uzere; gas is used as fuel gas for power generation, to run compressors, and as lift gas for enhanced oil recovery, with surplus gas commercialized.
• Health, Safety and Environment (HSE) Management Services Health, Safety and Environment management services for upstream operations including prevention of accidental loss of resources, compliance with Nigerian and international HSE standards, and protection of employees, contractors, and host communities.

Quantifiable outcome

• Current throughput of approximately 140,000 bpd against a total design capacity of ~380,000 bpd, indicating significant room for production acceleration

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• NNPC E&P Limited (NEPL)coreStrategic or Co-development Partner · 4 November 2012NEPL holds 55% participating interest in OML 30 while Shoreline holds 45%. NEPL is a subsidiary of Nigerian National Petroleum Company Limited (NNPC Ltd). The joint venture operates OML 30 with Heritage Energy Operational Services Limited (HEOSL) as the asset operator. Both partners collaborate on production acceleration, field development, and compliance under the Petroleum Industry Act.
• Heritage Energy Operational Services Limited (HEOSL)coreStrategic or Co-development PartnerHEOSL serves as the Operator of the OML 30 Joint Venture asset, responsible for day-to-day field operations including management of the 8 flow stations and 5 compression stations, production operations, and HSE implementation at OML 30.
• Heritage Oil Shoreline Natural Resources (Nigeria) B.V.coreStrategic or Co-development PartnerHeritage Oil Shoreline Natural Resources (Nigeria) B.V. is Shoreline's joint venture partner and a subsidiary of Heritage Oil Limited. Heritage Oil brings strong technical expertise and international operations experience from Tanzania, Papua, Russia, and New Guinea, complementing Shoreline's local market knowledge and network.
• Shoreline Power Company LimitedcoreStrategic or Co-development PartnerShoreline Power Company Limited is Shoreline's joint venture partner, a Nigerian company with extensive interests in the power sector and strong network of relationships in Nigeria's energy ecosystem.
• Nigerian Upstream Petroleum Regulatory Commission (NUPRC)coreOthersNUPRC is Nigeria's upstream petroleum regulatory authority. Shoreline's Managing Director Tunde Karim visited NUPRC's Commission Chief Executive Oritsemeyiwa Eyesan to reaffirm the company's commitment to regulatory compliance, collaboration under the Petroleum Industry Act, and Nigeria's energy security agenda. Both parties discussed priorities including accelerating production, strengthening operational frameworks, and advancing the country's broader energy objectives.
• Nigerian Content Development and Monitoring Board (NCDMB)majorOthersNCDMB is Nigeria's regulatory body for local content development in the oil and gas sector. The OML 30 Joint Venture leadership (HEOSL, NEPL, and SNRL) paid a courtesy visit to NCDMB's Executive Secretary Felix Omatsola Ogbe to deepen collaboration on Nigerian content development, with NCDMB reaffirming its support for ongoing and planned OML 30 projects aimed at increasing Nigeria's oil and gas output and driving economic growth.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• ND Western Limited: Mid-tier Nigerian indigenous upstream operator with Niger Delta asset interests; comparable as an emerging local player pursuing production growth, though smaller in scale and asset count.

Direct peers

• First Exploration & Petroleum Development Company (First E&P): Nigerian independent upstream operator with Niger Delta producing assets backed by strategic investors; comparable as a mid-sized indigenous operator pursuing production growth on similar asset profiles.
• Aiteo Group: Indigenous Nigerian E&P operator with major onshore Niger Delta producing assets and infrastructure including flow stations and pipelines; directly comparable in scope, asset type, and operating geography.
• Oando PLC: Nigerian integrated energy company with significant upstream operations in the Niger Delta; comparable as an indigenous operator with both onshore production and gas commercialization exposure.
• Eroton Exploration & Production Company Limited: Nigerian upstream operator focused on onshore Niger Delta oil production via JV arrangements; directly comparable in scale, asset type, and JV operating structure.
• Seplat Energy Plc: Leading Nigerian independent upstream E&P operator with onshore Niger Delta assets producing oil and gas; comparable business model as a publicly listed indigenous operator with similar JV structures and regulatory exposure.

Broad incumbents

• Shell Petroleum Development Company of Nigeria (SPDC): Major IOC and previous operator of OML 30 (sold its 45% interest to Shoreline in 2012); continues to operate adjacent Niger Delta assets at much larger scale and is a natural incumbent peer for comparison of asset value and operational benchmarks.
• TotalEnergies EP Nigeria: Global IOC with substantial Nigerian upstream operations including offshore and adjacent onshore assets; comparable as a major operator in the same regulatory environment with overlapping customer/market exposure.

Regional players

• Oranto Petroleum International: Africa-focused independent E&P with Nigerian and West African assets; comparable as a regional independent pursuing similar upstream opportunities across the same broad geography.

Others

• Nigerian National Petroleum Company (NNPC) Ltd: Nigerian national oil company and parent of NNPC E&P Limited, Shoreline's JV partner on OML 30; relevant ecosystem peer as the dominant upstream counterparty and regulator of the asset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shorelinenaturalresources
• Instagraminstagram.com/shorelinenaturalresources?igsh=MXZvN2FheTdmMHQ4aw==

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Shoreline Natural Resources