July 13, 2014 10:06 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Nigerian National Petroleum Corporation

Company Overview

Nigerian National Petroleum Corporation, along with its subsidiaries, is engaged in exploration, refining, petrochemicals, products transportation, and marketing activities. The company is engaged in upstream activities, including exploration, oil production, and gas production, as well as the management of the exploration bidding rounds for oil and gas. It also undertakes Greenfield refinery projects; operates refineries and produces petrochemicals; offers Master-Plan, a guide for the commercial exploitation and management of Nigeria’s gas sector; produces commercial in-country bio-fuels in partnership with core investors; and provides engineering and technology services, including informat...

NNPC Towers

Central Business District

Herbert Macaulay Way

P.M.B. 190, Garki

Abuja,  

Nigeria

Founded in 1971

Phone:

234 9 2348200 17

Fax:

234 9 413 0198

Key Executives for Nigerian National Petroleum Corporation

Group Managing Director and Director
Group Executive Director of Finance & Accounts and Group Executive Director
Managing Director of Hyson
Managing Director of IDSL
Managing Director of PHRC
Compensation as of Fiscal Year 2014.

Nigerian National Petroleum Corporation Key Developments

Nigerian National Petroleum Corporation Presents at 11th Africa Independents Forum, Jun-02-2014 02:15 PM

Nigerian National Petroleum Corporation Presents at 11th Africa Independents Forum, Jun-02-2014 02:15 PM. Venue: Royal Institution, 21 Albemarle St, London W1S 4BS, United Kingdom.

SPDC Gives Bidders Deadline For Four Oil Blocks

Shell Petroleum Development Company of Nigeria Ltd. (SPDC) is planning to sell assets. This day reported that the company has given a deadline till the end of June 2014 to local and international investors that submitted bids for four of its oil blocks to show their commitment, to pay for the assets both in the form of equity and debt. The news report stated that local and foreign companies had formed consortia that submitted bids for the four oil blocks currently on offer by SPDC. The company is divesting its 30% stake, while Total SA (ENXTPA:FP) and Eni SpA (BIT:ENI) are set to sell 10% and 5% respectively in four Nigerian oil blocks, Oil Mining Leases (OMLs) 18, 24, 25 and 29. Nigerian National Petroleum Corporation (NNPC) shall retain ownership of the remaining 55% in each of the four leases. The report mentioned that prior to the June 2014 deadline, the bidders had already paid 10% of their bids to Shell.

Nigerian National Petroleum Corporation Announces Executive Changes

President Goodluck Jonathan has appointed new Group Executive Directors (GEDs) for the Nigerian National Petroleum Corporation (NNPC) to fill critical vacancies, which currently exist in the state-run oil company. The new appointments were contained in a statement issued by the Special Adviser, Media and Publicity to the president, Dr. Reuben Abati. Those appointed and their portfolios are: Mr. Ian Gregory Udoh, GED, Refining and Petrochemicals, who replaces Mr. Anthony Ogbuigwe; Dr. Dan Iwoene Efebo, GED, Corporate Services, who replaces Mr. Hamman A. Sambo; and Ms. Aisha Mata Abdurrahman, who will be the first female GED in NNPC who will be responsible for Business Development, a directorate created in the corporation. Also appointed are Mr. Adebayo Ibikunle Ibirogba, GED, Engineering and Technical; Dr. Joseph Thlama Dawha, acting GED, Exploration and Production, who replaces Mr. Abiye Membere, a former employee of Mobil Producing Nigeria Unlimited. Prior to his new appointment, Udoh, an indigene of Akwa Ibom State, was the Managing Director of Port Harcourt Refining and Petrochemicals Company Ltd. (PHRC) since November 2012. According to the statement, Udoh has considerable experience of managing the nation's refineries, having previously held the position of Executive Director, Operations at both the Kaduna Refining and Petrochemicals Company Ltd. (KRPC) and the Port Harcourt Refining and Petrochemicals Company Ltd. In addition, Udoh had served as a General Manager in the Refining and Petrochemicals Directorate of NNPC. Also, Efebo was the Group General Manager in charge of NNPC's Human Resources Division. He was General Manager, Human Resources, Brass LNG. He hails from Bayelsa State. Abdurrahman, an indigene of Kogi State, was before her new appointment, Managing Director of Nikorma, NNPC's shipping subsidiary from March 2011. The statement added that Ibirogba, a Chemical Engineer, was the Group General Manager, Engineering in NNPC's Engineering and Technology Directorate, and hails from Ogun State. Dawha, who replaces Membere, was prior to his appointment, the Managing Director of Integrated Data Services Ltd. (IDSL) since 2005.

Similar Private Companies By Industry

Company Name Region
BG Exploration and Production Nigeria Limited Middle East/Africa
Allied Gas Limited Middle East/Africa
Amni International Petroleum Development Company Limited Middle East/Africa
Shell Nigeria Exploration Properties Beta Ltd. Middle East/Africa
Sahara Energy Exploration & Production Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Nigerian National Petroleum Corporation, please visit www.nnpcgroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.