About us
Decades of pioneering & evolving
In 1990, Oriental Energy Resources Limited (OERL) was created as a founding member of Nigeria’s Indigenous Concession Programme becoming one of the first recipients of the country's Local Content Capacity Building Policy. The core objectives were to establish local crude oil production and increase capacity through accelerated development of discovered oil and gas resources.
Through the Indigenous Concession Programme, OERL pioneered local participation in Nigeria’s oil and gas industry. By 2006 and 2007, through Nigeria's Marginal Field Programme, farm-in rights to undeveloped oil discoveries were secured for the Okwok and Ebok Fields of ExxonMobil/NNPC Joint Venture’s OML 67 located offshore Akwa Ibom State in the Niger Delta. Over the years, OERL has partnered with Addax Petroleum, and Afren Plc for the development of these assets.
Following years of appraisal and drilling programmes, OERL finally achieved first oil in April 2011 on its Ebok Field and began commercial oil production. The producer hit its first million barrels later that year, after a landmark fast-track development of the Ebok Field. In the subsequent years, OERL took over the technical operatorship of the Ebok Asset and responsibility for the development and production.
2011
First oil achieved
2018
100th cargo exported
2022
over 90m barrels produced
By 2022, Ebok asset had produced a cumulative production volume of 90 million barrels attributable to aggressive production, process optimization efforts, and best reservoir management practices coupled with successful deployment of emerging technological solutions.
