Lagos-based Leaders Revolutionizing the Nigerian Oil and Gas Industry

The oil and gas industry plays a pivotal role in Nigeria’s economy and represents a significant source of revenue. Lagos, known as the business hub of the country, hosts the headquarters of many companies operating in this sector. Not only are these companies driving economic growth, but they are also at the forefront of technological transformation in the oil and gas sector. This article profiles several of these entities and their contributions to this vital industry.

As industry operators strive to find effective, efficient and innovative ways to explore, of extract, and produce oil and gas, they are compelled to lean heavily on technological advancements. From exploration and mapping software to state-of-the-art drilling methods, maintaining productivity and competitiveness in this sector necessitates constant advancement. Companies involved in the oil and gas sector in Lagos are leveraging these new technologies and are pioneering efforts to meet the dynamic needs of the industry.

The companies featured in this article offer a range of products and services – from exploration and production to software and oilfield services. They demonstrate the depth and breadth of variety in the industry, highlighting Nigeria’s position as a hub of oil and gas activity in the African continent.


LEKOIL was established in 2010 by a group of leading professionals with vast experience in global fund management and investment banking. The company focuses on oil and gas exploration and production in Africa, with interests in Nigeria and Namibia. In May 2013, LEKOIL successfully listed on AIM, the sub-market of the London Stock Exchange, raising $50 million. The company’s primary discovery at the Ogo-1 well suggested potential net recoverable resources, and the post-IPO period saw further fundraising to fund drilling completion and testing. Connect with LEKOIL on Twitter, Facebook or LinkedIn.


EPUMP, founded by Deji Ogundiran, is a Decision Support System that provides back-office real-time monitoring software for sales and operation of gas stations. Follow them on Twitter or Facebook.

Beat Drone

Founded by Olayinka Akintade Ojomo, Beat Drone operates in the agriculture, drones and the oil and gas industry. Find out more about them on Twitter, Facebook and LinkedIn.

Broron Oil and Gas

Broron Oil & Gas Limited, founded by Henry Kayode Ojogho, is an indigenous oil and gas offshore services company that provides support services to international and indigenous upstream companies. Follow them on Twitter or Facebook.


One of Africa’s largest integrated energy solutions provider, Oando PLC has a proud heritage, with listings on the Nigerian Stock Exchange and Johannesburg Stock Exchange. Join their conversation on Twitter, Facebook or LinkedIn.

Axxela Ltd

Axxela Limited operates a natural gas distribution network. You can find more about them on Twitter or LinkedIn.

Ashtavinayak Hydrocarbon

Committed to delivering safe, stable, and affordable energy, Ashtavinayak Hydrocarbons provides quality and safe energy sources for home and industrial use. Find out more on their LinkedIn page.


MolecularPro is a technology-driven workforce solution that provides Engineering, Procurements and Construction (EPC) contractors with certified and vetted technical specialists. Find out more on Twitter or LinkedIn.

MOJEC International

Operating in the electronics, energy, industrial manufacturing, oil and gas and professional services industry, MOJEC International can be found on Facebook or LinkedIn.

ARCO Marine & Oilfield Services

ARCO Marine & Oilfield Services provides offshore and inshore logistics services to oil and gas firms.


A marketing and services subsidiary of Total, TOTAL NIGERIA has remained the leader in the downstream sector for over 50 years. The company operates in more than 130 countries and is committed to providing sustainable products and services. Find out more on Twitter.

Written by Mark Smith

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