Our Resources at
Geoplex
Geoplex Petroleum Resources Limited is a fully owned Nigerian integrated energy company with the sole objective of exploring, developing, producing, and refining oil and gas from its holdings.
Oil and gas
At Geoplex , we have a mandate to explore, develop, produce and refine oil and gas from its asset.
The need to diversify the Nigerian oil industry and make the sector more inclusive for local operators is one of the premises upon which Geoplex Petroleum was established.
Our commitment is to fully deploy our resources to explore and exploit allocated acreages for production of oil and gas. This will enhance the indigenous content of the Nigerian Oil Industry in line with the government...
Exploration and Production
The majority of Nigeria's oil and gas firms relied on Geoplex as the top indigenous well services provider for their exploration and production well engineering needs.
We deliver integrated oil field solutions that improve our customers' field productivity while lowering cost and risk at every stage of the value chain by collaborating with our partners (Baker Hughes, Schlumberger, Halliburton, Deutag, Weatherford, Welltec, YINSON, Scientific Drilling International (SDI), Interwell, and Exceed, to name a few).
In order to maximize output for the benefit of all Nigerians, we are committed to discovering and exploiting the synergies between our business model.
Refinery
Due to the rising demand for refined crude oil products, Nigeria's foreign exchange profits must be drained by midstream and downstream investments in order to limit the need for the importation of refined crude oil products.
More refined crude oil is consumed domestically than is easily accessible locally produced.
Therefore, it is essential that we make investments in domestic crude oil refining for both macroeconomic and microeconomic reasons.
Gas and Power
The ever-increasing demand for refined crude oil products requires the need for midstream and downstream investments to limit the requirements for the importation of refined crude oil products, thereby draining Nigeria's foreign exchange earnings.
In-country consumption of refined crude oil products is much higher than the readily available local production.
It is therefore imperative for macro and micro-economic reasons for us to invest in the in-country refining of crude oil.
Among the many advantages of in-country crude oil refining are: Nigeria's gas reserve is currently at about 200 trillion cubic feet (tcf)...More
