Best Oil & Gas Upstream Companies in Nigeria
The 31 best Oil & Gas Upstream companies in Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: LEKOIL.
Ranked: Best Oil & Gas Upstream companies in Nigeria
| # | Company | Employees | Disclosed funding | Last round | Founder | Tech stack | SEO maturity | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NNPC Provider of oil & gas producer services | 7,214 | — | 83 mo ago | — | WebflowNode.jsWindows Server+17 | rich | 7 signals ▼68% Earnings · Leadership · Contracts | — |
| 2 | shell petroleum development company of nigeria Shell is a global group of energy and petrochemicals companies. | 4,500 | — | — | — | Adobe Experience ManagerJavaApache HTTP Server+9 | rich | — | — |
| 3 | Oando Plc Integrated energy services provider for oil & gas industry | 1,018 | — | 35 mo ago | Adewale Tinubu CEO | Apple iCloud MailMicrosoft 365Q4+15 | rich | 21 signals ▼80% Earnings · Regulatory · Contracts | — |
| 4 | Seplat Energy Operator of oil and gas exploration & production and midstream assets | 500 | — | — | Roger Brown CEO | Apple iCloud MailMicrosoft 365Windows Server+16 | basic | 65 signals ▼31% Leadership · Announcements · Earnings | — |
| 5 | First Hydrocarbon Nigeria Oil & gas production & exploration company | 250 | $50M | 178 mo ago | Femi Bajomo Managing Director | WordPressMySQLPHP+29 | rich | — | — |
| 6 | Seven Energy Independent oil and gas exploration, development, and production company | 201 | — | — | — | — | — | — | — |
| 7 | niger delta exploration & production Niger Delta Exploration & Production is an investment company that specializes in the operation and… | 178 | — | — | — | — | — | — | — |
| 8 | Belemaoil Oil and gas exploration and production company | 161 | — | — | — | — | — | — | — |
Top 6 Oil & Gas Upstream companies in Nigeria
#1
Public · Lagos, Lagos · founded 2010$198.4Mraised▾
LEKOIL is an oil and gas exploration and production company with operating interests in Nigeria and Namibia. Claims to hold 40-62% interest over 4-oilfields which has an annual production rate of 10k BOE of crude oil. Also, has 77.5% gross interest in an oil block of Namibia.
- Oct 2016Post IPO$12.4M
- Jun 2016Conventional Debt$20M
- Oct 2015Post IPO$46M
- Nov 2013Post IPO$100M
#2
Late Stage · Lagos, Lagos · founded 2009 · 250 employees$50Mraised▾
Oil & gas production & exploration company
- Jan 2012PE$50M
#3
Public · Lagos, Lagos · founded 1956 · 1018 employees—raised▾
Integrated energy services provider for oil & gas industry
#4
Funding Raised · Abuja, Federal Capital Territory · founded 1977 · 7214 employees—raised▾
Provider of oil & gas producer services
#5
Funding Raised · Lagos, Lagos · founded 1993 · 19 employees—raised▾
Independent oil and gas exploration and production company. This entity engages in the exploration, development, and production of oil and gas resources. It undertakes subsurface evaluations, operations, and project management throughout the entire lifecycle of oil and gas projects. The company also focuses on building strategic partnerships and fostering local capability within the industry. Its operations encompass both onshore and offshore activities.
#6
Late Stage · Ikeja, Lagos · founded 1994—raised▾
Facility engineering, hydrocarbon transportation & trading, and coal mining company
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Upstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.