Aradel Holdings

Aradel Holdings Plc. is a Nigerian energy company with operations in the upstream, midstream, and downstream sectors of the oil and gas industry. ^[1]

History

Established in 1992 as Midas Drilling Fund, it was renamed Niger Delta Exploration and Production Plc in 1996 and adopted its current name in May 2023. ^{[2] [3]}

The company's asset portfolio includes the Ogbele Marginal Field in Oil Mining Lease (OML) 54. Aradel commissioned Nigeria's first mini refinery at the Ogbele Field in 2010 and the Ogbele Gas Processing Plant in 2012. ^{[4] [5] [6]}

In October 2024, Aradel Holdings listed its shares on the Nigerian Stock Exchange. ^[7] Aradel is Nigeria's largest oil and gas company on the Nigerian Stock Exchange by market capitalization. ^{[8] [9]}

References

1. Okoye, Izuchukwu (2024-10-11). "Aradel Holdings to debut on NGX main board on October 14th". Nairametrics. Retrieved 2024-12-02.
2. Advertiser (2023-07-31). "Niger Delta Exploration & Production PLC to unveil new brand identity". TheCable. Retrieved 2024-12-02.
3. Dan-Awoh, Deborah (2024-01-17). "Renaissance Consortium: Leaders paving the way in Shell's $1.3 billion Nigerian Onshore Sale". Nairametrics. Retrieved 2024-12-02.
4. "Aradel Holdings Plc's Listing Memorandum" (PDF). doclib.ngxgroup.com.
5. Nation, The (2020-09-27). "Productions from Ogbele marginal field hit 19m barrels, 90bscf of gas | The Nation". The Nation Newspaper. Retrieved 2025-05-07.
6. Nation, The (2020-09-27). "Productions from Ogbele marginal field hit 19m barrels, 90bscf of gas | The Nation". The Nation Newspaper. Retrieved 2024-12-02.
7. "Aradel Holdings' Listing on NGX Adds N3.4tn to Market Capitalisation - Nigerian Exchange Group". 2024-10-15. Retrieved 2024-12-02.
8. "Energy Deal Briefing: ACA's Cape IV Sells $12.08m of Aradel Holdings Plc Shares". www.stears.co. Retrieved 2024-12-02.
9. "Aradel listing creates Nigeria's most valuable oil company amid Shell asset purchase". The Africa Report.com. Retrieved 2024-12-02.