Prime Sources

What Prime Sources does

Prime Sources Limited (PSL) is a privately held Nigerian offshore solutions provider founded in May 2001 and headquartered in Lagos, with an owned fabrication yard in Warri (Delta State) and a field office in Port Harcourt. The company delivers engineering, procurement, installation, commissioning and maintenance (EPICM) services to international and national oil companies operating in Nigeria, including Chevron, Shell, Total, Mobil, NPDC, and NAOC. Service lines span offshore production platform modification and installation, subsea pipelay (shallow and deep water), heavy lift installation, FPSO maintenance and ICCP rehabilitation, geophysical and geotechnical surveys, hazardous waste treatment, and oil spill response, supported by onshore construction and infrastructure works.

The technology and capital base is centered on an owned marine fleet — including the PSL Eagle (DP2-class dive support vessel), the PSL Dove (multi-functional pipelay, accommodation, and heavy lift vessel), an accommodation and crane barge, and AH tugs — together with the Warri Fabrication Yard, which handles vessel berthing, modifications, upgrades, and fabrication. The yard's proximity (≈2–3 minutes) to Chevron and Shell facilities and to the Atlantic Ocean provides rapid mobilization to Nigeria's offshore fields. PSL has documented a safety record of 100,000+ man-hours without a recordable incident on the Escravos Gas Project, recognized with a Chevron safety award.

PSL generates revenue through project-based, custom-quoted EPICM contracts with multi-year frame agreements (e.g., Total oil spill response and hazardous waste services) and milestone-recognized project work (e.g., Chevron Sonam pipelay and heavy lift). GTM is direct enterprise field sales to IOC procurement and project management teams with no public marketing; pricing is bespoke and not publicly disclosed. The company is privately held with no disclosed institutional investors, no M&A activity, and no revenue figure in the public record.

Name

Prime Sources

Legal name

Prime Sources Limited

Website

https://primesources.net

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

Prime Sources Limited (PSL) is a Nigerian privately held offshore solutions provider founded in 2001 that delivers engineering, procurement, installation, commissioning, and maintenance services to international and national oil companies operating in Nigeria's offshore and onshore oil and gas sector.

Ownership category

akta.pro rank

Product category

Offshore Oil and Gas Services (EPICM)

NAICS

Oil and Gas Pipeline and Related Structures Construction (23712), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Oil and Gas Pipeline and Related Structures Construction (237120)

SIC

Oil & Gas Field Services, Nec (1389), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Crude Oil & Condensate Gathering (EUALACAB)

akta.pro secondary industries

Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF), Offshore / Subsea Crude Oil Pipeline Transportation (TLAGAAAD)

Keywords

• Offshore oil services
• Marine vessel charter
• Pipeline construction services
• Offshore fabrication services
• EPIC services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Offshore Construction and Installation Services: Project-based contracts for offshore production platform modifications, subsea installations, pipelay operations, and heavy lift installation services. Revenue recognized upon project completion against milestones.
2. Engineering, Procurement, and Construction (EPC) Services: Turnkey projects involving design, procurement of materials, fabrication, and installation/commissioning of oil and gas facilities.
3. Survey and Geophysical Services: Subsea survey, geophysical and geotechnical survey services for offshore projects.
4. Marine Equipment Rental/Charter: Provision of marine vessels and equipment including accommodation barges, survey vessels, supply vessels, and security vessels.
5. Maintenance and Fabrication Services: Ongoing maintenance contracts and fabrication services including tank cleaning, sludge treatment, hazardous waste management, and infrastructure construction.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Prime Sources Limited provides engineering, procurement, installation, commissioning and maintenance (EPICM) services for oil and gas facilities in Nigeria. The company delivers offshore construction and installation, pipeline upgrade and installation, subsea and geophysical survey, FPSO maintenance, and structural fabrication supported by an owned fabrication yard in Warri and a marine vessel fleet (DP2 dive support, pipelay/heavy lift, accommodation and crane barges, and AH tugs).

Product overview

Prime Sources Limited (PSL) is an offshore solutions provider offering engineering, procurement, installation, commissioning, and maintenance (EPIC) services for oil and gas facilities in Nigeria. Founded in May 2001, the company operates a fleet of marine vessels including the PSL Eagle (DP2 Dive Support Vessel), PSL Dove (Pipelay/Accommodation/Heavy Lift Vessel), Accommodation and Crane Barge, and AH Tug Vessels, alongside various support vessels. Their core service offerings include Offshore Solutions Services, Survey Services, Marine Equipment Services, and Pipeline Upgrade, Procurement, Installation and Maintenance. The company operates from its Warri Fabrication Yard at Km 1, NPA Expressway, Ogunu, Warri, Delta State, Nigeria, and maintains offices in Lagos and Port Harcourt.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Construction and Installation Services Project-based contracts for offshore production platform modifications, subsea installations, pipelay operations, and heavy lift installation services delivered to IOC and NOC clients in Nigeria.
• Engineering, Procurement, and Construction (EPC) Services Turnkey EPC projects involving design, procurement of materials, fabrication, and installation/commissioning of oil and gas facilities for enterprise clients.
• Survey and Geophysical Services Subsea, geophysical, and geotechnical survey services supporting offshore oil and gas project planning and execution.
• Marine Equipment Rental and Charter Services Provision and charter of marine vessels and equipment including accommodation barges, survey vessels, supply vessels, security vessels, crane barges, and AH tug vessels for offshore projects.
• Pipeline Upgrade, Procurement, Installation and Maintenance Services Pipeline modification, upgrade, fabrication, and maintenance services for offshore oil and gas operations, executed at the Warri fabrication yard and offshore.
• FPSO Maintenance and Rehabilitation Services FPSO services including impressed current cathodic protection (ICCP) system rehabilitation and tank cleaning delivered to NOC and IOC clients.
• Construction and Fabrication Services Structural fabrication, construction, and installation services for oil and gas facilities, executed at the Warri Fabrication Yard and at client sites.

Quantifiable outcome

• 100,000 man-hours without any recordable incident during Escravos Gas Project

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AOS Orwell Limited: Indigenous Nigerian oilfield services company providing offshore/onshore maintenance, fabrication, and marine logistics to IOCs. Comparable indigenous Nigerian competitor targeting the same IOC client base.
• Oilserv Group: Nigerian EPC contractor focused on oil and gas pipeline construction, fabrication, and installation. Directly comparable to Prime Sources' pipeline upgrade, procurement, installation, and maintenance scope for IOCs in Nigeria.
• Zebbra Energy Limited: Nigerian offshore and subsea services provider offering marine vessel charter, offshore construction support, and project logistics to oil and gas clients. Closely comparable marine-fleet-led service model.
• Deep Offshore Services Nigeria Limited: Nigerian offshore support services firm operating vessels and providing offshore logistics to the oil and gas industry. Comparable fleet-based offshore services to IOC clients in Nigerian waters.
• Caverton Marine: Nigerian offshore marine services and vessel operator serving oil and gas clients with similar marine vessel charter, supply, and offshore logistics capabilities in the Niger Delta region.

Broad incumbents

• Saipem: Global offshore EPC contractor with deepwater pipelay, heavy lift, and subsea installation capabilities. Competes with Prime Sources on larger offshore scopes for the same IOC customers but at vastly greater scale.
• Subsea 7: Global offshore construction contractor specializing in SURF (subsea, umbilicals, risers, flowlines) and heavy lift. Comparable offshore pipelay and installation services delivered to the same West African IOC clients.
• McDermott International: Global offshore EPC and fabrication contractor delivering platform, pipeline, and subsea projects. Comparable EPCM service portfolio though operating at a meaningfully larger scale than Prime Sources.
• TechnipFMC: Global subsea and surface EPC contractor serving offshore oil and gas projects with integrated engineering, fabrication, and installation capabilities. Comparable on integrated EPIC scopes for offshore developments.

Regional players

• NETCO (Nigerian National Petroleum Company Engineering & Technical Services): NNPC-owned engineering services company providing EPC, maintenance, and project management to Nigerian oil and gas clients. Same Nigerian IOC client base and similar service portfolio including EPC work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/prime-sources-limited

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 Prime Sources