Our Story

Who We Are

Aradel is a fully integrated energy Group, with interests in multiple oil and gas assets, and its business spanning the upstream, midstream and downstream value chain of the oil and gas industry. We take a long-term view to energy provision and the global energy transition. With a solid footing in the delivery of gas, the transition fuel that provides a pathway to net zero

Our Continuing Journey

As a brand that operates and interacts positively with society, we changed our name to Aradel Holdings Plc to continue our journey to becoming the leading African company delivering value and sustainable energy solutions to shareholders and other stakeholders. To achieve this, we are strengthening and enhancing our portfolio by actively expanding our presence in the oil & gas space

Our Heritage

Aradel was incorporated on the 25th of March 1992 originally as the Midas Drilling Fund and Nigeria’s first integrated oil and gas investment company. It was changed to Niger Delta Exploration and Production Plc in November 1996 and assumed its current name in May 2023. The Founding Chairman, Late Chief Godwin Aret Adams, a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), and other respected professionals came together to set up an indigenous publicly owned oil company on the premise that ordinary Nigerians should have the opportunity to invest in and benefit from the oil and gas sector.

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Our Business

Aradel Energy
A wholly owned subsidiary established to explore and harness opportunities in the energy industry.

Aradel Refineries
A 94% owned subsidiary operating the Refinery business

Aradel Gas
A wholly owned subsidiary established to leverage investment opportunities in the gas sector.

Aradel Investments
wholly owned subsidiary established to hold Aradel Holdings’ non-oil and gas investments.

Our People

Our Board of Directors

Our Board of Directors bring a diverse mix of knowledge, experience proficiency and expertise, which is instrumental in guiding our strategic decisions, fostering innovation, and driving sustainable growth amidst a rapidly changing energy landscape.

Our Executive Management

Meet our exceptional Executive Management Team, driving innovation, strategy, and success with their wealth of experience and visionary leadership.

Our Governance

At Aradel Holdings, a robust and effective corporate governance approach underpins accountability, transparency and value creation.

Governance Structure

The Board comprises Non-executive and Executive Directors who are dedicated, focused and experienced. The Board operates within a framework of controls with clear procedures, lines of responsibility and delegated authorities through committees which set out and reinforce the Company’s values, risk assessment, optimal and effective management, sound governance practices as well as compliance with applicable regulations.