Aradel Holdings Plc 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, we continue to seek avenues to introduce technology that harnesses the abundant and diverse sources of energy in Nigeria and Africa into an energy bouquet that is affordable and sustainable in reaching net zero and promotes energy access.
Who We Are
Aradel Holdings 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.
The Company has grown significantly since its humble beginnings with shareholders from Nigeria and several other countries across the world, 3 locations in Nigeria (Lagos Head Quarters, a Port Harcourt administrative office and its operations in Ogbele) as well as a regional office in South Sudan.
Aradel Holdings was an early proponent of Local Content, well before it became formalised into Law by the Nigerian Content Development & Monitoring Board. Our pioneer Management Team and the Company’s strong belief and practice of using local capital and expertise to grow and develop was ahead of its time. Aradel Holdings has been an integrated energy player for over 10 years and its operational footprint is truly diversified.
A Pioneering Legacy
Negotiated the first ever farm-out agreement with the NNPC/Chevron JV for a Marginal Oil Field in Nigeria.
Established Nigeria’s first Host Community Development Trust.
Commissioned the first mini refinery at the Ogbele Field (with name plate capacity of 1,000 bbls/d).
Commissioned the Ogbele Gas Processing Plant (the first by an indigenous company, and with a name plate capacity of 100MMscf/d).
Led a consortium of companies to acquire the 45% equity interests divested by Shell Petroleum Development Company, Total, and Nigeria Agip Oil Company in OML 34.
Executed an MOU to establish a Strategic Partnership with the South Sudan State National Oil Company.
The Ogbele Gas Project won the 2015 Global Gas Flare Reduction Excellence Award issued by the Global Gas Flare Reduction (GGFR) Forum, an arm of the World Bank.
Commissioned Train II of the Refinery, taking total installed refining capacity to 6,000 bbls/d.
Successfully introduced hydrocarbon into Train III of the Refinery, increasing capacity to 11,000 bbls/d.
Aradel Holdings is the only non-NLNG partner to supply gas to NLNG.
Attained over 16 million manhours with zero Lost Time Incident (LTI) and earned the ISO 14001:2015 Edition certification.
Aradel Holdings attained its 30-year anniversary of its incorporation.
Name change to Aradel Holdings Plc.
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, developing new verticals, expanding our routes to market, as well as playing a key role in the clean energy transition and development in Nigeria and Africa.
We aim to nurture a brand that continues to resonate with the right audiences and stakeholders, whilst connecting with the wider society as a good corporate citizen. This will help us meet our short, medium
and long-term objectives of being an icon as well as being one of the most valuable, successful, visible and preferred brands globally. Our corporate personality remains that of an industry pioneer, trailblazer, prudent operator, innovative and prudent risk-taker in the energy sector.