Contributing significantly to the energy landscape in Nigeria
Honoured to fuel progress in the Giant of Africa
Headquartered in the Netherlands with 2 subsidiaries in Nigeria, Prime Oil & Gas Coöperatief U.A., formerly known as Petrobras Oil & Gas, is a private Dutch-registered company established in 2013.
We are a leading non-operating player in the offshore Oil & Gas industry in Nigeria. With a robust presence in key oil blocks such as PML 2, 3, 4, and PML 52, Prime possesses world-class assets that contribute significantly to the energy landscape in Nigeria.
Our extensive expertise allow us to optimize the exploration, development, and production of resources.
Our commitment to excellence and adherence to best practices allow us to unlock these reserves' full potential while ensuring sustainable and responsible operations.
PML 52 (previously identified as OML 127) and PML 2, 3, and 4 (once known as OML 130), where Prime Oil & Gas has a strong presence, are recognized as prolific blocks with immense reserves.
Our relentless pursuit of operational excellence enables us to maintain the highest standards of safety, environmental stewardship, and social responsibility.
OPERATIONS
PML 52
PML 52 (formerly known as OML 127), in the Niger Delta region, where giant Agbami is located, is a significant oil field operated by a consortium of oil companies, with the Nigerian National Petroleum Corporation (NNPC) holding the majority stake.
PML 2, 3 & 4
Oil Mining Lease 130, as it was known before the license renewal that took place in 2023, is a significant Oil & Gas field located in Nigeria's Niger Delta region. Following the renewal, the field has been divided into distinct Petroleum Mining leases: PML 2 for Akpo, PML 3 for Egina, and PML 4 for Preowei.
TIMELINE OF KEY EVENTS
2002
In a strategic move to expand its foothold in the African oil and gas sector, Petrobras, Brazil's state-controlled oil company, ventured into establishing a company based in the Netherlands.
Setting up a company in the Netherlands offered Petrobras numerous advantages. Firstly, it strategically positioned the company, providing proximity to vital markets in both Europe and Africa. Additionally, establishing a presence in the Netherlands enabled Petrobras to leverage favorable regulatory frameworks and tax incentives, thereby boosting the competitiveness of its operations within the African continent.
Image taken from Start Deep