Aradel Holdings Plc is an integrated indigenous energy company in Nigeria with operations spanning the upstream, midstream and downstream segments of the oil and gas value chain. The Group has interests in oil and gas exploration and production, gas processing and supply, petroleum refining, energy investments, power and renewable energy.

Originally incorporated on 25 March 1992 as Midas Drilling Fund, the company became Niger Delta Exploration & Production Plc in 1996 and adopted the name Aradel Holdings Plc in May 2023. The company was listed on the Nigerian Exchange’s Main Board on 14 October 2024 under the ticker ARADEL.

Aradel’s business model covers a broad range of energy activities, including exploration and production, gas processing, refining and distribution. The company also maintains a focus on energy transition and renewable energy as part of its long-term approach to sustainable energy development.

Our Business

Aradel Holdings operates through a portfolio of businesses and assets across the energy value chain, including:

  • Upstream Oil & Gas – Exploration and production of crude oil and natural gas.
  • Gas Processing & Supply – Gas processing and supply activities, including operations through Aradel Gas.
  • Oil Refining – Refining of crude oil into petroleum products through Aradel Refineries.
  • Energy Investments – Management of investments outside the core oil and gas operations.
  • Energy Transition – Exploration of opportunities associated with cleaner and more sustainable energy solutions.
  • Renewable Energy – Development and consideration of renewable energy opportunities as part of the company’s broader energy strategy.

Key Operations

Aradel’s operations include the Ogbele Field in Rivers State, which is described by the company as its flagship asset. The Group also has interests in the Omerelu Field, OML 34 and OPL 227, alongside its gas processing and refinery operations.

The company’s downstream activities include the Ogbele refinery complex, which currently houses an 11,000 barrels-per-day three-train modular refinery producing products including Automotive Gas Oil (AGO), Household Kerosene (HHK), Marine Diesel Oil (MDO), High-Pour Fuel Oil (HFO) and Naphtha.

Aradel Holdings Subsidiaries & Businesses

Aradel Energy

Aradel Energy is a wholly owned subsidiary focused on opportunities in the energy industry and operates key upstream assets, including the Ogbele and Omerelu fields.

Aradel Gas

Aradel Gas is a wholly owned subsidiary focused on gas-sector opportunities. Its operations include a 100 MMscf/d gas processing facility and gas supply activities.

Aradel Refineries

Aradel Refineries operates the Group’s refining business at Ogbele. The refinery complex has a stated capacity of 11,000 barrels per day and produces multiple refined petroleum products.

Aradel Investments

Aradel Investments manages the Group’s non-oil-and-gas investments and forms part of Aradel’s broader portfolio diversification strategy.

Industry Focus

Aradel Holdings operates across several interconnected areas of the energy industry:

  • Oil & Gas Exploration
  • Crude Oil Production
  • Natural Gas Processing
  • Gas Supply
  • Petroleum Refining
  • Energy Infrastructure
  • Energy Investments
  • Renewable Energy
  • Energy Transition
  • Sustainable Energy Development

Commitment to Energy Development

Aradel’s strategy combines operational resilience with diversification and integration across the energy value chain. The company states that it is pursuing opportunities in energy transition and renewable energy while maintaining its core oil and gas operations.

Its approach includes the use of technology, technical expertise and integrated energy operations to support reliable energy supply and long-term stakeholder value.

Why Aradel Holdings Is Relevant to Nigeria’s Energy Sector

Aradel Holdings has developed an integrated operating model covering upstream production, gas processing, refining and other energy activities. Its operations in Rivers State and other locations contribute to Nigeria’s broader oil and gas value chain, while its energy-transition activities reflect the changing requirements of the global and African energy landscape.

The company’s history also includes several milestones in indigenous oil and gas development, including the development of the Ogbele marginal field, establishment of a gas processing facility and operation of a private refinery.

Company Information

Company Name: Aradel Holdings Plc
Industry: Oil & Gas / Energy
Sector: Oil and Gas
Business Type: Public Limited Company
Ticker: ARADEL
NGX Classification: Main Board
Established: 25 March 1992
Head Office: 15 Babatunde Jose Street, Victoria Island, Lagos, Nigeria
Website: https://www.aradel.com/
Service Areas: Nigeria and selected African energy markets