Oil & Gas Exploration and Production
Mexxon Energy Group Nigeria is a major partner in the upstream joint venture with a multinational petroleum exploration, and production company. MPN owns 60 percent in the JVC and the profits from the JV are shared in the ratio. Our team of experts made up of highly skilled and experienced men and women and our management team are actively involved in this complex operation of producing (Hydrocarbon) exploration, production of Oil & Gas. Production is carried out from our concession (onshore and offshore) Niger Delta, deep offshore Niger Delta.
Nigeria is regarded as mainly a gas province with some oil. Proven Gas reserves are put at 100 trillion cubic feet, TCF. Whereas proven oil reserves were 16 billion in 1991 and 20 billion in 1992 Most of Nigeria’s current natural gas production of about 100 million standard cubic feet/day occurs as associated gas, i.e. produced along with crude oil. Nigeria produces over 2 million barrels of crude oil per day. In 1991 estimated proven research of crude oil in Sub Saharan African was 21.7 billion barrels or 2.2 per cent of world reserves. About 79 per cent is located in Nigeria, while other notable oil provinces are in Angola and Gabon. By 1992, Nigeria has set a target of 25 to 30 billion proven crude oil reserves for 2003. Nigeria has seven sedimentary basins: Niger Delta, deep offshore Niger Delta; Benue Trough; Lake Chad; Sokoto, Anambra, and Dahomey (Benin). Niger Delta is a mature oil basin and is considered to be one of the most prolific oil bearing sedimentary basins in the world. In addition, there are several large tar sand (bitumen) deposits, estimated at over 2 billion barrels oil equivalent in Ondo and Ogun States.
Mexxon Energy Group Nigeria will be overseeing Mexxon Oil & Gas exploration, production and refining operations in Africa. There are already plans to extend our operations to other African countries: Sao Tome, Chad, Angola and Gabon including refining, engineering and consultancy services. We are committed to the development and utilization of Nigeria natural resources and African as the future world leading economic giant.
Global Crude Oil, Gas & Petroleum Products Supply Network
- Africa.
- Asia
- Australia
- America
- Europe
Petroleum Products Marketing Division
Mexxon Energy Group Products Marketing Division is positioned to meet the needs of its high profile customers in Nigeria, Africa and the world over. We are an established and recognized Crude Oil, Gas & Petroleum Products Marketers with global network, and market outlets in many countries. Mexxon Energy Group Product Marketing Division operations is that of supplying of Crude Oil & Gas, Sales and Distribution of Petroleum Products and Liquefied Natural Gas. We are strategically positioned to satisfy the expanding market in Nigeria and in other African counties and the world over.
As leading marketers we have set standard for customer and staff satisfaction. The company maintains Bulk Storage Depots in strategically for storage of Petroleum Products. This serves as outlet for serving major industrial customers for all their Gas and Petroleum Product’s needs, in addition they serve as outlet through which Gas and Petroleum Products are sold to the Nigerian Public.
We have oil tanker vessels for use in offshore ship to ship transfers of Imported Products as well as direct lifting from refineries in Nigeria, and Regional refinery in Ivory Coast and South Africa etc. Also have fleet of tamer trucks for prompt and effective distributions of petroleum products, Liquefied Natural Gas to our customers around the country.
Mexxon Energy Group Marketing team are made up of seasoned and tested professionals with wealth of experience in the both private and government owned petroleum marketing companies and operating depots.