For promoting local content through petroleum products refining to reduce the importation of products as well as launch significant investment in crude oil exploration and renewable energy, Aradel Holdings Plc is the Oil and Gas Local Content Champion of the Year 2023.
Aradel Holdings Plc
Aradel Holdings is Nigeria’s first indigenous marginal field and modular refinery operator, under the name Niger Delta Exploration & Production Plc (NDEP).
It rebranded into Aradel Holdings Plc as part of the company’s strategic consolidation to drive sustainability and transformation in the oil and gas sector.
Aradel is a fully integrated energy company with interests in multiple oil and gas assets in Nigeria.
The new corporate identity was designed to better reflect its long-term strategy of becoming Africa’s leading organisation in the delivery of sustainable energy solutions that support economic growth.
The new brand identity reflects the values and contributions of the founders of the indigenous energy firm while also remembering the Niger Delta where it started from.
As Nigeria’s foremost fully integrated independent energy company, Aradel has been a significant player in the industry for decades and takes a long-term view of energy provision and the global energy transition.
The company steadily seeks opportunities to introduce technology that harnesses the abundant energy sources in Nigeria and sub-Saharan Africa into an affordable and sustainable energy bouquet that promotes universal energy access.
Aradel’s rebranding is a strategic move that supports its vision aimed at consolidating its position as the leading company delivering sustainable energy solutions, with the new brand reflective of the company’s rich history and heritage as well as its future portfolio aspirations.
Chairman of Aradel Holdings Mr Ladi Jadesimi said the move signified that the company had come of age as a fully integrated player in the energy business, having existed for 30 years.
Aradel Holdings plans to reshape Nigeria’s oil sector and compete with industry giant Dangote in refining. It is poised to make waves and set itself as a formidable competitor.
As part of its strategic growth initiative, the firm is enhancing its efforts to transform the energy industry and set new standards for innovation, growth and sustainability.
The firm aligns with the dynamic changes, opportunities and challenges in the industry and has a robust and well-articulated strategy to take advantage of the opportunities while managing the risks.
Aradel Holdings is significantly focusing on exploration and production as well as investing in renewable energy and other emerging technologies to further diversify its investment portfolio to ensure long-term strength.
For these footprints, Aradel Holdings fully deserves this award.
