Aradel Holdings and Seplat Energy recorded almost the same level of oil and gas production in the first six months of 2026, according to reports from both Nigerian companies. Both companies averaged about 139,000 barrels of oil equivalent per day (BOEPD) during the period.
Seplat reported an average production of 139,509 BOEPD between January and June 2026. The company said this was a 4% increase from the 134,492 BOEPD recorded in the first half of 2025. The latest figure also falls within Seplat’s production target for 2026, which is between 135,000 and 155,000 BOEPD.
Aradel Holdings reported its production in a different way. The company said it produced 25.2 million barrels of oil equivalent during the first half of the year.
When that figure is divided by the 181 days in the first half of 2026, it works out at roughly 139,000 BOEPD. Aradel has also kept its full-year production target at between 110,000 and 140,000 BOEPD.
The figures put the two Nigerian-founded companies at almost the same level of production. Their output is also significant when compared with the international oil companies still operating in Nigeria. Africa Oil+Gas Report noted that each company is responsible for more hydrocarbon production than any of the five major international oil companies — Chevron, Eni, ExxonMobil, Shell and TotalEnergies — operating in the country today.
Seplat’s production comes from several assets across Nigeria. These include the four south-east offshore oil mining leases acquired from Mobil Producing Nigeria in December 2024. The company also operates OMLs 4, 38 and 41, which formed part of its earlier acquisition from Shell, Total and Eni.
Seplat also has interests in OML 40 through Eland Oil and Gas and operates OML 53 through Seplat East Onshore. The OML 53 operations are also linked to the upstream side of the Assa North-Ohaji South (ANOH) gas project.
The latest production figures show how quickly Nigerian independent oil companies have grown in the country’s upstream sector. For Aradel and Seplat, matching production at about 139,000 BOEPD in the first half of 2026 marks a notable point in that growth.
