Domestic oil companies now produce more than 50% of Nigeria’s
crude oil output, marking a significant shift in the country’s
upstream sector as domestic operators assume a leading role
previously dominated by international oil companies.

Oando Energy Resources (OER), a subsidiary of Oando Plc (NGX:
OANDO), reaffirmed its support for the Independent Petroleum
Producers Group (IPPG) during a meeting between OER Managing
Director Ainojie “Alex” Irune and IPPG Chairman and Aradel Holdings
CEO Adegbite Falade. The discussion focused on strengthening
cooperation among local producers and improving coordinated
engagement with policymakers and regulators.

Domestic operators have steadily expanded their presence in
Nigeria’s oil sector over the past decade, largely through the
acquisition of assets divested by international oil companies. The
transition has increased the operational footprint of domestic
firms across several onshore and shallow-water blocks, positioning
them as key drivers of national production.

“Over the last decade, indigenous producers have shifted the
centre of gravity in Nigeria’s upstream industry,” Falade said.
“Today, IPPG members account for more than half of national
production. Oando is a solid part of that story and has
consistently strengthened our collective voice in external
engagements.”

Falade also commended the company’s leadership, citing the
continued backing of Oando Group Chief Executive Wale Tinubu and
Deputy Group Chief Executive Omamofe Boyo. He noted the company’s
support for the organisation’s 10-year anniversary activities,
including the provision of personnel and resources to assist the
programme.

Irune said Oando remains committed to supporting the IPPG and
strengthening domestic participation in Nigeria’s oil and gas
industry.

“Oando remains firmly invested in the growth and institutional
strengthening of IPPG,” Irune said. “As indigenous companies lead
the next phase of upstream development, disciplined execution,
strong governance, and coordinated advocacy will be critical to
sustaining production growth and ensuring industry stability.”

© 2026 bne IntelliNews, source Magazine