We have been present in Nigeria since the early 1990s. Our success in Nigeria is underpinned by our sustainability work, ensuring we are a responsible operator and are proactive in improving opportunities for the communities where we work.

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0 Established in Nigeria
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How to find us in Nigeria

Over two decades of progress

We have been in Nigeria since 1992 and have played a significant role in developing the country’s biggest deepwater field Agbami, utilising one of the world’s largest floating production, storage and offloading vessels. It is located 110 kilometres off the Nigerian coast in water depths of 1,500 metres. It has been developed using subsea wells and is the world’s largest floating production, storage and offloading (FPSO) vessel. The FPSO can store up to 2.2 million barrels of oil and will be on location for more than 20 years.

We also operate two exploration licences—OMLs 128 and 129—with a 53.85% share in both. Six wells have been drilled in both, with two discoveries made. 

While the Nnwa discovery is predominantly comprised of gas as well as some oil, Bilah is a gas and condensate discovery. Both discoveries remain undeveloped today.

We have been extensively involved in community work in connection with our operations in Nigeria. With the Akassa project, we have developed innovative community engagement and empowerment schemes that have served as a model elsewhere. It is part of our values to be a responsible partner industrially and socially. 

Operations in Nigeria

Statoil in Nigeria infographic

The Agbami field, 110 kilometres off the Nigerian coastline, started producing oil on 29 July 2008. Today, the field has an average daily equity production of 48,000 barrels of oil equivalent per day. Total field reserves are estimated at around 1 billion barrels of oil equivalent.

Statoil has a 20.21% stake in Agbami, while Chevron is the operator with 67.30% interest and Petrobras holds the remaining 12.49%.

The Agbami project is Nigeria's largest deep-water development to date. The water depth is estimated at 1,500 metres making it a challenging environment to operate in. The latest in subsea technology is applied to make such an operation possible.

Sustainability at the heart of everything we do

Our success in Nigeria has been possible due to our commitment to creating lasting value and sustainable development, as well as building local capacity in the country. We believe there is no inherent conflict between industry profit and inclusive growth that is sustainable and beneficial to society. Akassa is a good example where, through participatory development, this commitment is demonstrated in practice.

Akassa Development Foundation

Statoil has supported community development project in Akassa in the Niger Delta region, which draws on substantial local involvement and participation in both the planning and execution of the project.

The project supports the following five activities that are deemed to be essential to underpinning our licence to operate in the area and the broader region: poverty reduction, building local capacity, the environment, infrastructure and institutional capacity development.

Statoil Nigeria has received considerable praise for its support of the project. In 2005, we received the World Petroleum Congress's Excellence Award in the Social Responsibility category and in 2006, we received the CWC Exellence Award for Sustainable Development.