Network Exploration & Production

What Network Exploration & Production does

Network E&P Nigeria Limited (NEPN) is a 100% Nigerian-owned independent upstream oil and gas company that has operated since 2001, focused exclusively on the Qua Iboe field in OML 13, Akwa Ibom State. The company's operations span exploration and drilling (3D seismic surveys, advanced drilling to 11,785ft depth, 95% success rate across two active wells), production and processing (1,000 barrels per day, 20,000-barrel storage capacity, 99.5% uptime), and crude evacuation via a 1,200km pipeline network terminating at the Qua Iboe Terminal under a shared-infrastructure arrangement with other producers including Oando Qua Iboe Ltd.

Underlying production is supported by a digitally instrumented operating stack: SCADA systems with 500+ sensors streaming live data, AI-powered analytics for predictive maintenance and optimization, Digital Twin replicas of physical assets, Enhanced Oil Recovery techniques, automated emergency shutdown systems, and continuous environmental monitoring. The technology portfolio is delivered through partnerships with Global Tech Systems (digital transformation), International Energy Solutions Ltd (field expansion), and Nigerian Engineering Consortium (pipeline modernization). NEPN holds ISO 45001 certification, complies with API 510/570/653 standards, and is pursuing ISO 14001 by 2028.

Commercially, NEPN generates revenue through commodity crude oil sales under undisclosed, quote-based B2B arrangements, with no public pricing or hedging disclosure. The company serves Nigeria's domestic energy market via terminal-based distribution rather than retail channels, and pursues revenue diversification through strategic partnerships, joint ventures, and shared evacuation infrastructure. Go-to-market is enterprise field sales directed at regulators, government entities, and oil and gas counterparties, supplemented by a partnership-inquiry-driven website funnel. Customer-facing evidence is limited; named testimonials are internal stakeholders rather than external offtake buyers.

Name

Network Exploration & Production

Legal name

Network E&P Nigeria Limited

Website

https://networkeandp.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Network E&P Nigeria Limited is a Nigerian-owned upstream oil and gas company operating the Qua Iboe field in OML 13. It produces 1,000 barrels of crude daily from two wells, distributing through a 1,200km pipeline network to the Qua Iboe Terminal.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Production

NAICS

Crude Petroleum Extraction (211120)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

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

akta.pro secondary industry

Crude Oil Field Gathering Systems (TLAGAJAA)

Keywords

• Oil and gas exploration
• Crude oil production
• Upstream oil services
• Pipeline evacuation network
• Oilfield processing facilities

Headquarters

HQ city

Ikoyi

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil and Gas Production: Revenue generated from exploration, production, and sale of crude oil from the Qua Iboe field in OML 13. The company operates 2 active wells producing 1000 barrels per day with processing facilities and pipeline evacuation network.
2. Partnership and Joint Ventures: Strategic partnerships and joint ventures with other oil producers for shared infrastructure including crude evacuation network serving multiple producers including two other oil companies operating in the Qua Iboe area.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Network E&P Nigeria Limited (NEPN) explores, develops, and produces crude oil from the Qua Iboe field in OML 13 (Akwa Ibom State, Nigeria) using 2 active wells delivering 1,000 barrels per day. Production is supported by state-of-the-art processing facilities with 20,000-barrel storage capacity, a 1,200 km crude evacuation pipeline network, and SCADA/AI-enabled real-time monitoring with 500+ sensors. The integrated offering spans exploration and drilling, production and processing, crude evacuation, real-time monitoring, and maintenance and optimization services for Nigeria's downstream energy market.

Product overview

Network E&P Nigeria Limited (NEPN) is a fully Nigerian-owned integrated oil and gas company operating the Qua Iboe field in OML 13. The company offers a unified suite of upstream energy services consisting of Exploration & Drilling Services, Production & Processing, Crude Evacuation Network, Real-time Monitoring Systems, and Maintenance & Optimization Services. These core offerings are integrated through advanced technology including SCADA systems, AI analytics, and Digital Twin Technology to deliver end-to-end energy production from field development through crude evacuation.

Differentiator

Problem solved

Functional benefit

Products and services

• Exploration & Drilling Services 3D seismic surveys, advanced drilling techniques, and reservoir management services for the Qua Iboe field in OML 13, delivered to NEPN's own upstream operations with 2 active wells and a 95% drilling success rate.
• Production & Processing Efficient crude oil extraction, separation, and processing operations at the Qua Iboe field, producing 1,000 barrels per day from 2 wells with 20,000-barrel storage capacity and 99.5% operational uptime.
• Crude Evacuation Network Strategic 1,200 km pipeline network delivering crude oil from the Qua Iboe field to the Qua Iboe Terminal, operated as a shared evacuation network with two other oil producers in the Qua Iboe area.
• Real-time Monitoring Systems 24/7 SCADA systems and IoT-enabled remote monitoring with 500+ sensors providing live data feeds and AI analytics for real-time operational oversight of NEPN's production assets.
• Maintenance & Optimization Services Predictive maintenance and continuous improvement programs across NEPN's production assets, targeting zero downtime with AI-powered analytics and a 10-year asset lifecycle management approach.

Quantifiable outcome

• 30% increase in production capacity with 25% reduction in operational costs
• +7 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and flagship.

• NUPRCcoreOthersNigerian Upstream Petroleum Regulatory Commission - regulatory body overseeing upstream oil and gas operations in Nigeria. NEPN operates under NUPRC regulatory oversight for the Qua Iboe field in OML 13.
• NMDRcoreOthersNigerian Midstream and Downstream Petroleum Regulatory Authority - regulatory body for midstream and downstream petroleum operations. NEPN maintains compliance with NMDR regulations.
• SEPLAT EnergycoreStrategic or Co-development PartnerLeading Nigerian independent oil and gas company operating in the Niger Delta. Strategic alignment in the Nigerian energy sector with potential for collaborative opportunities.
• FMIcoreOthersFederal Ministry of Industries - government ministry supporting industrial development. NEPN collaborates with government for policy alignment and industrial development initiatives.
• Frontier Oil LtdcoreStrategic or Co-development PartnerOil and gas company operating in Nigeria's energy sector. Collaborative relationship in the Nigerian oil and gas industry.
• Universal Energy Resources LtdcoreStrategic or Co-development PartnerEnergy sector company with operations in Nigeria. Strategic alignment in energy production and distribution within Nigeria.
• Oando Qua Iboe LtdcoreStrategic or Co-development PartnerJoint operating partner in the Qua Iboe area. Shared crude evacuation network partnership for efficient hydrocarbon transportation through pipeline infrastructure.
• International Energy Solutions LtdflagshipTechnology or IntegrationInternational energy solutions provider. Partnership delivered 30% increase in production capacity with 25% reduction in operational costs for Qua Iboe Field Expansion project.
• Nigerian Engineering ConsortiumflagshipImplementation/ SI/ Consulting PartnerLocal Nigerian engineering firm. Partnership completed 1,200km pipeline modernization project creating 500 local jobs in infrastructure development.
• Global Tech SystemsflagshipTechnology or IntegrationTechnology systems provider. Partnership deployed enhanced monitoring and safety systems resulting in 45% reduction in operational incidents through Digital Transformation Initiative.

Scale indicators16 records

Recent moves1 record

Expansion highlights4 records

Direct peers

• Oando Energy Resources: Oando is a Nigerian-headquartered E&P with upstream interests in the Niger Delta. Direct peer as an indigenous operator with acreage in similar basins; Oando Qua Iboe Ltd is a named JV partner of NEPN.
• ND Western Limited: ND Western is a Nigerian independent E&P company with onshore Niger Delta acreage. Comparable as an indigenous upstream operator competing for similar license opportunities and host-community relationships.
• Frontier Oil Ltd: Frontier Oil is a Nigerian-focused oil and gas operator with upstream assets. Direct peer in indigenous E&P and a named strategic partner of NEPN with shared evacuation infrastructure.
• Universal Energy Resources Ltd: Universal Energy Resources is a Nigerian energy-sector company with operations relevant to NEPN's footprint. Direct peer in the indigenous mid/upstream space; explicitly listed as a NEPN strategic partner.
• Lekoil Limited: Lekoil is a Nigeria-focused oil and gas exploration and production company with onshore and shallow offshore interests. Direct peer as a West African-focused independent E&P at similar scale.
• Seplat Energy: Seplat is the leading Nigerian independent E&P operating in the Niger Delta with onshore and offshore assets. Direct peer to NEPN as a listed indigenous/indie-focused operator in the same basin; named as a strategic partner with shared infrastructure.
• Aiteo Group: Aiteo is a Nigerian integrated oil and gas group with significant upstream production in the Niger Delta. Comparable indigenous operator competing for similar acreage and pipeline access.
• Waltersmith Refining & Petrochemicals: Waltersmith is a Nigerian integrated upstream-to-refining operator in the Niger Delta. Peer in indigenous production with overlapping technology and operational profile.

Broad incumbents

• Africa Oil Corp: Africa Oil Corp is a Canadian-listed independent focused on African upstream oil and gas exploration and development. Broader incumbent peer relevant for capex, technology, and partnership benchmarking in West African E&P.
• Tullow Oil: Tullow is a West Africa-focused international independent with material Nigerian (and Ghanaian) upstream operations. Broader incumbent peer operating at greater scale across the same geography with similar sub-saharan Africa E&P profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/network-exploration-and-production

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

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 Network Exploration & Production