From the heart of Lagos to the shores of Grenada, a Nigerian oil and gas company is breaking new ground and rewriting history. Oceangate Engineering Oil & Gas Limited, a subsidiary of Felak Group, has become the first Nigerian firm to enter the Caribbean upstream sector after signing a landmark pre-farm-in agreement with Global Petroleum Group. Finalized in October 2024, the deal is more than a corporate win — it is a moment of pride that places Nigerian expertise on the global stage and signals Africa’s growing influence in the energy world.
Nigeria’s First Caribbean Energy Partnership
The Grenada agreement is far more than a commercial deal; it represents a bold step in placing Nigerian expertise on the world stage. Oceangate’s successful entry highlights the confidence international partners have in the country’s technical capacity, operational standards, and governance structures.
It also establishes a new diplomatic and economic bridge between Africa and the Caribbean, creating fresh opportunities for knowledge transfer, bilateral trade, and collaboration in sustainable energy development. For Nigeria, it is both a business milestone and a soft-power victory.
A Track Record of Growth and Resilience
Oceangate’s international leap rests on solid achievements at home. In just three years, the company expanded its hydrocarbon reserves by nearly 200 percent, secured highly competitive Petroleum Prospecting Licenses (PPLs) in the Niger Delta, and added two deepwater blocks during the 2023/2024 licensing rounds.
By February 2025, Oceangate had nearly doubled its reserve base, boosting Nigeria’s production capacity and strengthening national energy security. These results reflect a disciplined growth trajectory rooted in domestic resilience while remaining firmly focused on international ambition.
Empowering Local Talent, Creating Global Impact
At the core of Oceangate’s success is its adherence to Nigeria’s local content policies. The company prioritises Nigerian engineers, contractors, and service providers, ensuring that growth translates directly into jobs, skills transfer, and long-term economic value.
By exporting this expertise abroad, Oceangate is not only showcasing Nigeria’s capabilities but also positioning Africa as a reliable and competitive partner in global energy development.
Sustainability and Responsible Operations
Beyond growth and expansion, Oceangate is committed to responsible operations. Its projects align with sustainability priorities, from gas flare commercialisation to environmentally conscious exploration practices. This forward-looking approach demonstrates that corporate success can go hand-in-hand with environmental stewardship and social impact.
Why This Matters
The Grenada deal is more than a milestone for Oceangate — it is a symbolic victory for Nigeria and Africa at large. It proves that African companies can compete and succeed internationally, breaking into markets long dominated by Western multinationals.
As Nigeria continues to diversify its energy partnerships, Oceangate’s pioneering role in Grenada will stand as a case study in ambition, resilience, and innovation — proof that Africa’s energy future is not just local, but global.
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