Energia

What Energia does

Energia Limited is a privately held, wholly indigenous Nigerian upstream oil and gas exploration and production company incorporated in 2001 and headquartered in Lagos, with operational bases in the Niger Delta (Delta State). The company operates a portfolio of operated and non-operated petroleum assets in the basin, anchored by a 55% working interest as operator of PML 23 (the Ebendo/Obodeti Marginal Field, formerly part of OML 56) in a joint venture with Oando Production and Development Company (OPDC, 45%). Producing light sweet crude (API 50°–52°) at approximately 5,000 bopd, with a stated 10,000 bopd potential and an active upgrade program toward 15,000 bopd, Energia's reserves base has expanded from 1 million barrels at acquisition to over 60 million boe.

The asset stack extends beyond PML 23 to include high-equity exploration positions: an 80.48% interest in PPL 210 (Ugbo Field, license renewed 2025, operated through the Enerog Limited JV with Sterov Consortium) and an 82.44% interest in PPL 212 (Irigbo Field) with SCROA Energy Limited, plus a non-operated 10% interest in Renaissance Joint Venture licenses acquired from TotalEnergies via the VAARIS Consortium. Supporting infrastructure includes the Ebendo Flow Station (8,000 bopd, 25 Mmscfd capacity), the NEDO Gas Plant (25 MMSCFD, 30% Energia / 70% Xenergi) for associated-gas monetization into LPG, propane, and NGLs, and pipeline interests connecting production to the Trans-Forcados system and the Oando Brass and Renaissance Forcados export terminals. A modular refinery is in planning.

Energia monetizes production through crude oil sales evacuated via pipeline to domestic refineries and export terminals, and through gas processing and NGL/LPG sales to domestic industrial and energy markets. Pricing follows international Brent benchmarks; the company does not publicly disclose pricing. Its customer base is therefore concentrated among Nigerian refiners and crude-export counterparties. The company is governed by a board that includes former NNPC, DPR, Shell, and TotalEnergies executives, and in 2026 transitioned its CEO internally (Oladimeji Bashorun) while adding a former TotalEnergies CFO as Independent Non-Executive Director.

Name

Energia

Legal name

Energia Limited

Website

https://energiang.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Energia Limited is a privately held, indigenous Nigerian upstream oil and gas company operating PML 23 (Ebendo/Obodeti Marginal Field) in a JV with Oando, plus exploration interests in PPL 210 and PPL 212, a 10% Renaissance JV stake, and gas processing via the NEDO Gas Plant, serving domestic refiners and export markets with light sweet crude and NGLs.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (21113), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

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

akta.pro secondary industries

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

Keywords

• Upstream oil production
• Crude oil exploration
• Natural gas processing
• Marginal field operations
• Petroleum mining licenses

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Crude Oil Production and Sales: Energia generates revenue through crude oil production from PML 23 (Ebendo/Obodeti Field) and other license areas. Production capacity is being expanded to 15,000 bopd. Crude is evacuated via export pipelines to Oando Brass Terminal and Renaissance Forcados Terminal.
2. Gas Processing and NGL Sales: Revenue from processing associated gas into LPG, propane, and natural gas liquids through the NEDO Gas Plant (30% ownership) and 25 MMSCFD gas processing facility. Supports flare reduction and sustainable energy practices.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Energia Limited is a Nigerian indigenous upstream oil and gas exploration and production company operating PML 23 (Ebendo/Obodeti Marginal Field) in Delta State through a 55%/45% joint venture with Oando Production and Development Company (OPDC), producing light sweet crude (API 50°-52°). The company also operates the NEDO Gas Plant (30% owned with Xenergi as operator), which processes associated gas into LPG, propane, and natural gas liquids, and holds exploration interests in PPL 210 (Ugbo Field) and PPL 212 (Irigbo Field) in the Niger Delta.

Product overview

Energia is an indigenous Nigerian upstream oil and gas company operating a portfolio of operated and partnered assets in the Niger Delta. The company's core operations centre on PML 23 (Ebendo/Obodeti Marginal Field), where it holds 55% equity as operator in joint venture with Oando Production and Development Company, producing light sweet crude and condensate at approximately 5,000 bopd. Beyond its operated asset, Energia has expanded through strategic interests in PPL 210 (Ugbo Field, 80.48%) and PPL 212 (Irigbo Field, 82.44%), plus a non-operated interest in the Renaissance JV via the VAARIS Consortium. Supporting infrastructure includes the NEDO Gas Plant (30% owned, gas processing) and the Ebendo Flow Station with 8,000 bopd capacity expandable to 15,000 bopd. A modular refinery is under development. The company also holds interests in export pipeline infrastructure through special purpose vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Production — PML 23 (Ebendo/Obodeti Marginal Field) Energia's primary operated asset and core revenue-generating product. PML 23 is a petroleum mining lease in the Niger Delta where Energia holds 55% equity interest as operator in joint venture with Oando Production and Development Company (OPDC). Produces light sweet crude oil and condensate with API gravity of 50-52 degrees, sold to domestic refineries and export markets. Current production approximately 5,000 bopd with capacity being expanded to 15,000 bopd.
• LPG, Propane, and Natural Gas Liquids (NEDO Gas Plant) Gas processing operations that monetize associated gas from crude oil extraction at PML 23/OML 56, producing LPG, propane, and natural gas liquids for sale to domestic industrial customers and energy markets. Supports flare reduction and sustainable gas utilization.
• Crude Oil Production — PPL 210 (Ugbo Field) Petroleum Prospecting Licence covering approximately 23.823 square kilometres in the Niger Delta. Energia holds 80.48% participating interest through Enerog Limited (joint venture with Sterov Limited). Future crude oil production asset being developed.
• Crude Oil Production — PPL 212 (Irigbo Field) Petroleum Prospecting Licence covering approximately 53.675 square kilometres in the Niger Delta. Energia holds 82.44% participating interest in partnership with SCROA Energy Limited. Future crude oil exploration and production asset.

Quantifiable outcome

• Production capacity expanded from 1,800 bopd to 10,000 bopd potential, targeting 15,000 bopd
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Oando Production and Development Company (OPDC)coreStrategic or Co-development PartnerEnergia operates the Ebendo/Obodeti Marginal Field (PML 23, formerly OML 56) in joint venture with OPDC. Energia holds 55% working interest as operator; OPDC holds 45%. This is Energia's cornerstone partnership for production operations.
• Xenergi Oilfield Services LimitedcoreStrategic or Co-development PartnerJoint ownership of NEDO Gas Plant (30% Energia, 70% Xenergi) and collaboration on 25 MMSCFD gas processing plant. Xenergi serves as plant operator. Partnership for associated gas monetization and flare reduction.
• Midwestern Oil & Gas CompanyminorStrategic or Co-development PartnerPartnership for construction of 52km x 12-inch crude oil pipeline from Umusadege Group Gathering Facility to Eriemu, with tie-in to Trans-Forcados Pipeline. Energia and Oando hold 25% interest in Umugini Pipeline and Infrastructure Limited through Egbewati Pipeline Company Limited.
• Sterov Consortium LimitedcoreStrategic or Co-development PartnerJoint venture partner in Enerog Limited (80.48% Energia, 19.52% Sterov) for PPL 210 (Ugbo Field). Field covers 23.823 sq km, license renewed in 2025.
• SCROA Energy LimitedcoreStrategic or Co-development PartnerPartner in PPL 212 (Irigbo Field) where Energia holds 82.44% participating interest. Field covers 53.675 sq km, previously part of OML 42.
• VAARIS ConsortiumcoreStrategic or Co-development PartnerEnergia participates in VAARIS Consortium following Share Purchase Agreement with TotalEnergies for acquisition of 10% non-operated interest in Renaissance Joint Venture licenses in Nigeria.
• TotalEnergiescoreStrategic or Co-development PartnerSeller in Share Purchase Agreement for 10% non-operated interest in Renaissance Joint Venture licenses. Partnership enables Energia to leverage collaborative expertise and shared value creation.
• Enerog LimitedcoreStrategic or Co-development PartnerJoint venture company (80.48% Energia, 19.52% Sterov) incorporated to hold and operate PPL 210 (Ugbo Field).

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ND Western: Nigerian independent oil and gas producer focused on onshore Niger Delta assets, operating OML 34 and other licenses. Direct comparable in scale, asset type, and indigenous operating model.
• Waltersmith Refining & Petrochemical: Nigerian independent operator producing from marginal fields (Ibigwe, Ohaji) and operating a modular refinery. Closely comparable upstream-to-downstream integration strategy with Energia.
• Oriental Energy Resources: Nigerian independent oil and gas producer operating fields in the Niger Delta. Comparable in scale, indigenous operator model, and crude-light production profile.
• Seplat Energy: Leading Nigerian independent E&P listed on the London Stock Exchange, producing onshore and shallow offshore oil and gas in the Niger Delta. Highly comparable indigenous-style operator with joint ventures and processing/export infrastructure.
• Midwestern Oil & Gas: Nigerian independent E&P focused on onshore oil production and gas processing in the Niger Delta. Energia's pipeline infrastructure partner through Umugini Pipeline and Infrastructure Limited.
• Oando Energy Resources: Nigerian upstream E&P operator and Energia's JV partner in PML 23 via OPDC. Operates producing assets in the Niger Delta with similar marginal-field focus and crude/gas production model.
• Frontier Oil: Nigerian independent operator with onshore oil production interests and refining exposure. Direct comparable as a private indigenous E&P with similar Niger Delta marginal-field focus.
• Lekoil: Nigeria-focused upstream E&P company listed on AIM/London, holding interests in offshore and onshore oil and gas assets. Comparable indigenous operator profile; Energia board member Samuel Adegboyega founded Lekoil.

Emerging players

• Heirs Energies: Nigerian indigenous energy company focused on onshore oil and gas production with a stated focus on gas monetization. Comparable indigenous operator building integrated upstream and gas-processing capability similar to Energia's NEDO Gas Plant model.

Broad incumbents

• NNPC Limited (Nigerian National Petroleum Company): Nigeria's national oil company and dominant upstream producer through its subsidiaries (e.g., NPDC). Sets the benchmark for Nigerian upstream operations and is a key regulatory/counterparty for indigenous operators like Energia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/energiang
• Facebookfacebook.com/energiang
• LinkedInlinkedin.com/company/energiang
• Instagraminstagram.com/energiang

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 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 Energia