Join the movement
Subscribe for free to get our latest report by email and keep up with new updates, expert opinions, and smart advice to make good choices and help create long-lasting energy for Africa.
As Nigeria’s oil and gas landscape evolves, with international oil companies divesting from onshore and shallow water assets, Chappal Energies represents a new generation of indigenous operators driving continuity and growth. The company focuses on deepwater and brownfield upstream investments designed to unlock the potential of mature assets and strengthen Nigeria’s energy security.
Through a strategic acquisition, the purchase of Equinor Nigeria Energy Company in December 2024, Chappal established a world class portfolio anchored by significant gas resources. This milestone reflects the increasing role of capable African operators in reshaping upstream operations and advancing the Federal Government’s Decade of Gas agenda.
Name
Address
Incorporation Date
Employees
Established to capture opportunities created by the global rebalancing of upstream portfolios, Chappal Energies is focused on deepening local participation in Nigeria’s energy sector. The company’s trajectory has been defined by decisive transactions and a disciplined growth strategy.
In December 2024, Chappal completed its acquisition of Equinor Nigeria Energy Company, securing:
This acquisition positioned Chappal as one of the few African-led operators with a presence in Nigeria’s deepwater domain, an arena historically dominated by international oil majors. It marked a significant milestone in the evolution of the country’s upstream landscape.
Supported by the enabling environment of the Petroleum Industry Act, Chappal Energies is charting a course to accelerate gas development and advance Nigeria’s transition toward a gas-powered economy.
The company’s near-term focus is on optimizing non operated production across existing assets, including a planned 2027/2028 infill drilling campaign, while progressing commercialization options for its operated gas resources.
Chappal’s broader ambition is to develop an integrated gas hub, aligned with NUPRC initiatives, to unlock deepwater gas resources that would otherwise remain commercially stranded. Development options under evaluation include a Floating LNG (FLNG) concept with condensate recovery, local LPG supply, and potential LNG exports.
In the long term, Chappal’s hub strategy integrates proven FLNG technology with modular upstream development solutions. Guided by disciplined investment, strategic collaboration, and a strong commitment to operational excellence and responsible resource development, Chappal Energies is contributing to the next phase of Nigeria’s upstream evolution, driving energy security, economic growth, and sustainable impact.
