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Teresols Nigeria Limited is an indigenous
company registered in Nigeria since 4th January 1994.
We have all indigenous Board of Directors.
Our Country
Nigeria is an oil and gas producing nation situated
in West Africa with Her oil and gas operations scattered
around the Niger Delta region of the country with activities
shifting more into the deep offshore regions thus creating
a larger field of play for companies to come invest
and reap profitably.
Presently Nigeria derives the bulk of its foreign earnings
from Oil and Gas and retains approximately 5% of the
$8.5 billion expended in upstream activities within
its economy. Nigeria also produces about 2.5million
barrels per day of crude oil with increasing production
in the gas sector.
The regulatory authorities of Nigeria have formulated
a policy aimed at increasing “local content”
i.e. participation of more Nigerian companies in the
oil and gas industry from less than 10% to about 40-70%
by the year 2007 and a policy to ensure zero flaring
by 2008. These policies have created opportunities for
indigenous companies such as ours to partake in the
large and increasing profit making oil and gas industry.
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