GEC Petroleum Development Company
INDIGENOUS AFRICAN ENERGY. ENDURING GLOBAL IMPACT
Global Energy Company Limited (GEC), founded 35 years ago, has metamorphosed from an oil service company to major International Oil Companies (IOCs), into an active explorer and developer of oil and gas resources.
Founded 1991
35 years
3 onshore, 2 offshore
5 blocks
Onshore + offshore acreage
7,500 km² + 800 km²
Estimated gas resources
6.4 Tcf
Oil 2P reserves (net)
70.06 MMboe
2C resources (net)
141.8 MMboe
History
Learn More1991
Company Founded
Global Energy Company Limited (GEC) founded as a service contractor to major oil companies in Nigeria.
2000s
Asset-led Expansion
GEC founded GEC Petroleum Development Company Limited (GPDC), its wholly owned E&P subsidiary, and is awarded five oil and gaS blocks: OML 149 (formerly OPL 135), OML 151 (formerly OPL 2009), OPL 2010, OPL 907, and OPL 917.
2010s
Portfolio Maturation
GPDC, along with its partners, deployes over $250 million across the development of its 5 assets.
2024
Matrix Energy Partnership
Matrix Energy Exploration and Production Company Limited (Matrix) farms-in to OPL 2010 to partner GPDC to bring the block to production.
2026
35 Years Strong
GPDC celebrates 35 years of energy leadership and stewardship.