Peak Petroleum Industries

What Peak Petroleum Industries does

Peak Petroleum Industries Nigeria Limited (PEAK) is an independent upstream oil and gas exploration and production company incorporated in February 1992 under the Nigerian Government's indigenous participation initiative. The company is headquartered on Victoria Island, Lagos, and operates exclusively in the Gulf of Guinea, where it holds 100% of Oil Mining Lease 122 (OML 122) — a 1,295 sq.km offshore block located 25-60 km offshore Nigeria, east of Shell's Bonga Field and southwest of Shell's EA Fields on OML 79. The block is fully covered by 3D seismic data, supporting the company's exploration and development drilling program.

PEAK's core technology is conventional upstream E&P: 3D seismic interpretation combined with drilling and appraisal operations. The company's flagship technical achievement is the Bilabri DX1 discovery well, which was drilled aboard a semi-submersible rig and found vastly better than expected pay thickness in the C2 Reservoir, with additional exploration potential identified. The company's senior technical team brings over 150 Man-Years of combined experience, with members holding 15-40+ years of industry experience across drilling, geology, reservoir engineering, and HSE functions. Environmental compliance is a stated focus, with an Environmental Impact Assessment approved by the Ministry of Petroleum Resources and an Environmental Management Plan in place for the production phase.

PEAK generates revenue through the sale of crude oil and natural gas produced from its OML 122 asset to commercial offtake buyers, refineries, and trading houses. The company operates within a single-asset, single-well focus as of the most recent disclosed data, with hydrocarbon volumes from Bilabri DX1 representing its primary revenue stream. Pricing, offtake contracts, and revenue figures are not publicly disclosed. The company's customer base is concentrated in the upstream oil and gas value chain, with no downstream integration or consumer-facing distribution.

Name

Peak Petroleum Industries

Legal name

Peak Petroleum Industries Nigeria Limited

Website

https://peak-ng.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Peak Petroleum Industries Nigeria Limited is an independent upstream oil and gas exploration and production company headquartered in Lagos, Nigeria, holding 100% of OML 122 — a 1,295 sq.km offshore lease in the Gulf of Guinea where it produces hydrocarbons from the Bilabri DX1 well.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Crude Petroleum Extraction (211120)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industry

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

Keywords

• Upstream oil exploration
• Oil and gas production
• Offshore drilling services
• Hydrocarbon exploration
• Petroleum exploration licensing

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production Sales: Peak Petroleum generates revenue through the sale of crude oil and natural gas produced from its OML 122 asset in the Gulf of Guinea. The Bilabri DX1 well is flowing hydrocarbons, representing the company's primary production revenue stream from commodity sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Peak Petroleum Industries Nigeria Limited is an independent upstream oil and gas company that acquires, explores, develops, and produces crude oil and natural gas from its 100% held Oil Mining Lease 122 (OML 122), a 1,295 sq.km block in the Gulf of Guinea offshore Nigeria. The company sells produced hydrocarbons to commercial offtake buyers, refineries, and trading houses, with its principal producing asset being the Bilabri DX1 well, which flows hydrocarbons aboard a semi-submersible drilling rig.

Product overview

Peak Petroleum Industries Nigeria Limited is an independent petroleum exploration and production company. The company operates primarily through its flagship asset, Oil Mining Lease 122 (OML 122), a 1,295 sq.km offshore block in the Gulf of Guinea. Key product offerings include the Bilabri DX1 exploration well, which discovered hydrocarbons with better than expected reservoir quality. The company focuses on acquisition, exploration, exploitation, and development of oil and natural gas assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Bilabri DX1 Well Exploration and production well located in OML 122, aboard a semi-submersible drilling rig, flowing hydrocarbons with vastly better than expected pay thickness in the C2 Reservoir. Represents the company's primary producing asset and source of crude oil and natural gas sold to commercial offtake buyers.
• Oil Mining Lease 122 (OML 122) Oil mining lease covering 1,295 sq.km located 25-60 km offshore Nigeria in the Gulf of Guinea, east of Shell's Bonga Field and southwest of Shell's EA Fields on OML 79. The block is fully covered by 3D Seismic and serves as the company's exclusive asset for exploration, appraisal, and development of oil and natural gas reserves.

Quantifiable outcome

• Bilabri DX1 well found vastly better than expected pay thickness in the C2 Reservoir

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Eroton Exploration & Production: Eroton E&P is a Nigerian independent upstream company operating OML 18 in the Niger Delta. Comparable by indigenous-operator positioning, single-asset focus, and crude offtake sales model.
• Oando Energy Resources: Oando Energy Resources is a Nigerian-focused independent upstream producer with operated assets in the Niger Delta. Closely comparable to PEAK as an indigenous Nigerian E&P selling crude and gas to offtake buyers and refineries.
• Seplat Energy: Seplat Energy is one of Nigeria's leading independent upstream oil and gas producers with operated and non-operated interests in onshore and offshore Niger Delta assets, including acreage near OML 122. Most directly comparable Nigerian independent E&P by business model and customer base.
• Kosmos Energy: Kosmos Energy is an independent deepwater E&P with major Gulf of Guinea exposure (Equatorial Guinea, Ghana, Mauritania, Senegal). Comparable to PEAK in deepwater offshore business model, asset type, and offtake-driven revenue model.
• Niger Delta Exploration & Production Plc (NDEP): NDEP is a Nigerian independent E&P operating Oil Mining Leases in the Niger Delta, focused on indigenous participation and small-scale production. Directly comparable by asset type (OML), geography, and indigenous-operator positioning.
• Waltersmith Petroman Oil & Gas: Waltersmith Petroman is a Nigerian independent E&P with operated onshore assets. Comparable as a privately-held indigenous Nigerian E&P focused on production growth from a focused asset base.
• Oriental Energy Resources: Oriental Energy is a Nigerian-focused upstream independent with operated offshore interests in the Niger Delta. Comparable as a sub-scale indigenous E&P targeting offshore Nigerian production.
• First Exploration & Petroleum Development Company (First E&P): First E&P is a Nigerian independent operator focused on onshore and shallow offshore production in the Niger Delta. Comparable as a sub-scale independent indigenous E&P selling hydrocarbons from a small asset base.

Broad incumbents

• Shell Nigeria Exploration and Production Company (SNEPCo): SNEPCo operates Shell's deepwater Gulf of Guinea assets, including the adjacent Bonga Field that neighbors OML 122. Comparable as a deepwater Gulf of Guinea operator, though vastly larger and IOC-backed.
• Tullow Oil: Tullow Oil is a broader West Africa-focused independent E&P with deepwater assets in Ghana, Côte d'Ivoire, and Namibia. Comparable as a West Africa deepwater E&P, but materially larger and more diversified than PEAK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/facebook
• LinkedInlinkedin.com/company/peak-petroleum-industries-nigeria-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Peak Petroleum Industries