Our Story
From pioneering beginnings to becoming a fully integrated energy group, our story is defined by strong ambition, long-term thinking and a commitment to creating lasting value across the energy chain.
Who We Are
Aradel Holdings Plc is a fully integrated energy group, with interests in multiple oil and gas assets, and its business spanning the upstream, midstream and downstream value chain of the oil and gas industry.
We take a long-term view of energy provision and the global energy transition. With a solid footing in gas — the transition fuel that provides a pathway to net zero — we continue to explore technologies that harness Nigeria’s and Africa’s abundant and diverse energy sources, building an energy mix that is affordable and sustainable, and that expands access.
Our Heritage
Built on Indigenous Vision, Long-term Thinking and a Pioneering Spirit.
Aradel Holdings was incorporated on the 25th of March 1992 originally as Midas Drilling Fund, Nigeria’s first integrated oil and gas investment company. The name of the company was changed to Niger Delta Exploration & Production Plc in November 1996 and assumed its current name, Aradel Holdings Plc, in May 2023. The Founding Chairman, Late Chief Godwin Aret Adams, a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), alongside other respected professionals, came together to set up an indigenous, publicly owned oil company on the premise that ordinary Nigerians should have the opportunity to invest in and benefit from the oil and gas sector.
The Company has grown significantly since its humble beginnings, with shareholders from Nigeria and several other countries across the world, and an established presence across key locations in Nigeria, including its Lagos headquarters, Port Harcourt administrative office and operations in Rivers State.
Aradel Holdings was an early proponent of Local Content, well before it became formalised into Law by the Nigerian Content Development & Monitoring Board. Our pioneer Management Team and the Company’s strong belief and practice of using local capital and expertise to grow and develop were ahead of its time. Aradel Holdings has been an integrated energy player for over 10 years, with a truly diversified operational footprint.
The Future
Building on our strong momentum, Aradel is poised to deepen its transformative growth journey. Our focus remains unwavering in the areas of strategic expansion, operational excellence, innovation, and sustainability. In a rapidly evolving energy landscape, we will continue to scale our operations, optimise efficiencies, and strengthen our leadership position within Nigeria’s energy sector.
Our 3Rs operational strategy, Redundancies, Robustness and Resilience, firmly anchored in our core values, will continue to guide our path forward. As we move forward, we remain focused on financial discipline, strategic collaboration and innovation to drive production growth, advance our energy-transition agenda, and deliver sustainable stakeholder value.
