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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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. For over two decades, we have supported the Akassa Community in Brass Local Government Area of Bayelsa State through the Akassa Development Foundation. The support has evolved around addressing limitations to community development and has won several awards for good corporate governance through the years the program has existed. 

Together with the Agbami Partners, we have spent about USD 96 million on the provision of 25 Chest Clinics in various parts of the country to support early diagnosis and treatment of tuberculosis and other chest and lung diseases, in addition to the development of local talents through the provision of science laboratories in schools, scholarships to students and entrepreneurial and skills acquisitions training.

Statoil’s social investment programme is now to be aligned with the Statoil Nigeria Shared Value Plan. The ambition of the Shared Value Plan is to link company interest with community social needs and this will be achieved by providing communities in Nigeria with the means to improve their livelihood through access to energy. Our social investment focus is now geared towards providing off-grid power solutions to communities that are not connected to the national grid. This will be pursued through low-carbon solutions such as solar and other renewable sources.

Statoil also aims to contribute to shaping the Nigerian oil and gas industry and is supporting the Presidential Enabling Business Environment Council (PEBEC), aimed at improving Nigeria’s business climate.