Background

Who We Are

OPTS is an acronym for Oil Producers Trade Section. The OPTS is a sub group within the LCCI which is the umbrella association of businesses who have come together in order to promote their common interests. The group membership includes both local and foreign-owned companies registered in Nigeria who hold an Oil Prospecting License or an Oil Mining License.

OPTS has two categories of membership – Associate Membership and Producer Membership. For both categories, membership is voluntary.The group came into existence in August 1962 with just 3 members, and Mr. D. Fleming of then Shell BP as Chairman.

OPTS currently has 30 member companies. They are Addax Petroleum Development Nig. Ltd,  Amni International Petroleum Development Company Limited, Chevron Nigeria Ltd, Dubri Oil Company Ltd, Elcrest Exploration & Production Nigeria,  Energia Limited, ENI/ Nigeria Agip Oil Company (NAOC) Ltd, Equinor (formerly Statoil Nigeria Ltd), Eroton Exploration & Production Co. Ltd, First Exploration & Production Development Co. Ltd, Lekoil Nigeria Ltd, Midwestern Oil & Gas PLC, Moni Pulo Nigeria Ltd, ND Western Ltd, Niger Delta Petroleum Resources Ltd, Nexen Petroleum Nigeria Ltd, Newcross Exploration & Production Ltd, Oando Exploration & Production Ltd, Oriental Energy Resources Ltd, Pan Ocean Oil Corporation (Nig.) Ltd, Prime 127 Nigeria Limited (Formerly Petrobras B.V.) , Sapetro Nigeria Ltd, Seplat Petroleum Development Co. of Nig. Ltd, Shell Petroleum Dev. Co. of Nig. Ltd, Shoreline Natural Resources, Total E & P Nigeria Ltd, WalterSmith Petroman Oil Ltd, Yinka Folawiyo Petroleum Ltd and Universal Energy Resources Ltd.

The cohesion among members make OPTS a credible voice in matters that affect the upstream oil and gas industry in Nigeria. The secretariat is manned by professionals seconded from member companies and is currently located at Suite 921, Black Diamond, 25 Ozumba Mbadiwe Street, Opposite ExxonMobil Headquarters, Victoria Island, Lagos.

The main objective of the group is to strengthen the long-term health of the offshore and onshore oil and gas industry in Nigeria by working closely with companies across the entire sector, government and other stakeholders to address critical industry issues.

However, in compliance with anti-trust laws, the industry does not share, exchange or discuss competitive information such as prices and profits among its members. The operations of OPTS member companies in partnership with the Nigerian National Petroleum Corporation generate about 80 per cent of Nigeria’s total annual revenue.

Member companies of OPTS provide significant livelihood to Nigerians through direct employment or indirectly through local contractors and service providers. The industry provides funding for several universities and vocational institutes through scholarships and donations and other corporate social investment initiatives.

OPTS Guiding Principles:

Compliance with laws
and Regulations
Business Integrity
Safety, Health
and Environment
Social Responsibility
OIL PRODUCING TRADE SECTION

What We Do

We promote the interests of our member-companies through the following activities:
Defining and addressing non-competitive issues of common interest to members in order to ensure the continued viability of the Nigerian Oil and Gas industry. Promoting the exchange of ideas and non-competitive, non-sensitive information between member-companies to enhance their operational activities and to improve safety and environmental performance in the Nigerian Oil and Gas industry.

Providing a forum for advocacy in relation to government policies, laws and regulations that impact the Nigerian Oil and Gas industry.Promoting awareness among industry stakeholders and the Nigerian public on issues affecting the Nigerian Oil and Gas Industry. Undertaking or engaging in any other lawful activity, necessary, conducive or incidental to and/or generally aimed at promoting the attainment of the objectives of the OP.

MORE ABOUT US

Our Achievements

Oil and Gas Companies that are OPTS members individually have also contributed to improving the lives of Nigerians through various social investments in collaboration with the government. We have
Contributed

$ 0 M

Contributed over US$240 million to community development projects

Scholarships

0

Awarded over 50,264 national and international scholarships,

Contributed

$ 0 M

Contributed over US$140 million to medical facilities,

Contributed

$ 0 M

Contributed over US$50 million to education infrastructure.