2001

Brittania-U submitted a bid for a marginal field award in response to the initiative of the Federal Government to involve indigenous petroleum companies in the upstream sector of the industry.

2003

After the pre-qualification, presentation of the technical and commercial bids for the Ajapa marginal Field made by the company, it was awarded 100% interest in and the Operatorship of the Ajapa marginal Field in Oil Mining Lease (OML) 90% as per Ministry of Petroleum Resources letter Reference No.PIGMC/1138/V.1/11 – dated February 26th, 2003.

2004

Brittania-U entered into a Farm-out agreement (FOA) dated 18th March 2004, with the leaseholders of OML 90 –i.e Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) on the one part as “Farmer” and Brittania-U as the “Farmee” on the other part.

2006

As part of the requirements for the Marginal Field initiative i.e. encouraging foreign investment in Nigeria through foreign Technical Partnership with successful Nigerian Marginal Field Operators, Brittania-U in February 2006 negotiated and executed a Participating Agreement(PA) with Syntroleum Inc., who at that time was into Gas to liquid (GTL) operation, divested interests all their assets in Nigeria to Equity Energy Resources (EER), the United Kingdom under a joint Venture arrangement with Brittania-U Nigeria Limited.

2007

The company started full upstream operations. The JV Partners separately sourced funding totalling about US $120 Million to embark on the first phase of the Ajapa marginal field development, comprising two side tracks and one appraisal. BUNL proudly reports that Union Bank Plc. Fully funded her 60% equity contribution (US $70 million) and has become a business partner of first choice to BUNL.

2008

After technical reviews, planning and programming and obtaining regulatory Approvals, the JV carried out its phase I drilling campaign using the Noble Drilling Inc. rig “Don Walker” farmed-in from a Shell/Nobel Drilling contract. During the campaign which lasted from February to April 2008, which saw the company drilling two sidetracks were executed; one of which was successful and the other drilled off-structure.

The planned Early Production facility (a Floating Production Storage and Offloading – FPSO), was fabricated/commissioned in Houma, Louisiana, USA in August 2008

2009

Energy Equity Resources wanted to divest its interest Pan Petroleum also of the United Kingdom, on 1st of July, 2009 concluded the acquisition of EER’s equity interest in the Ajapa Marginal field. The fact that the two companies – Syntroleum and Energy Equity Resources (EER) did nothing to improve the Ajapa asset, Brittania- U refused to ascent to the 3rd assignment. It rather chose to buy back 40% interest to enable it to move the company forward.

The Floating Production, Storage, and Offloading (FPSO) facility was completed in a record time of 7 ½ months (August – March 16, 2009) when we commissioned the complete FPSO.

NEXTEE oil and Gas trading Company Nigeria Limited, formed to provide supplies of refined products- Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) to the multinationals and independent Oil and gas companies within Nigeria and the African sub-region, was incorporated on 23rd July 2009

2010

With the flow line installation and the FPSO fully commissioned with the Department of petroleum Resources (DPR) active involvement with the Well hook-ups; we commenced production on January 20th, 2010 with Six (6) weeks well testing, which was witnessed by Department of Petroleum Resources Officials, at the end of which approvals were given to the company to commence full production.

2011

Brittania-u Nigeria Limited in November 2011 through a loan of &48million dollars obtain from First Bank Nigeria Plc, bought back its 40% equity it assigned to syntroleum in February of 2006 with the buyback of BUNL 40% interest on the field, Brittania-U now has 100% equity interest in Ajapa Field at OML 90. The operatorship of the field is and has been with Brittania-U Nigeria Limited from the inception of the partnership to date.

2012

The company commenced its 2nd drilling campaign which was successful in the sense that the drilling identified two zone F1 which was new and G3, with a total cumulative production discovery of about 120ft oil down

Brittania-U Drilling and Oil services Company Nig. Ltd was incorporated in June 2012, to provide Rigs and drilling services to the parent company – Brittania-U Nigeria limited, as well as provide Rig-on-hire and bundle services to would-be interested company.

The company was honored in 2012 with “International Trophy for Quality Award” by Global Trade Leaders Club, Paris.

2013

The 2nd drilling campaign was successfully completed on January 29th, 2013.

The company successfully appraised the mapping as well as identifying the new coordinates for our new successful well just completed in January,2013 in collaboration with Schlumberger group. The new appraisal which the company used for its latest drilling campaign discovered new “zone which was not in the map by Chevron or in DPR’s lods or maps”.

2016

The 2nd drilling campaign was successfully completed on January 29th, 2013.

Ajapa Export Terminal commenced operations, making Brittania-U the first indigenous company to own and operate its own Export Terminal, which allows direct crude export of Brittania-U’s crude, as well as provides both storage and export services to other indigenous companies. The first cargo of 128,000 barrels was exported from the Ajapa Terminal in December 2016.

2018

Brittania-U continues to exceed its targets in production capacity from 2,000 to 2,300 barrels per day, plans are near fruition to increase its output through the drilling of three additional wells, with a projected output of 12,000 to 15,000barrels per day, thereby increasing its output by over 600%.

The company currently serves as off-takers for other indigenous and multinationals such as Bayelsa Oil Ltd., Orient Petroleum Resources Ltd. etc. who desire to export their crude through Brittania-U’s Ajapa Export Terminal. The company with the seven new proposed wells is negotiating to purchase an FPSO with production capacity of 35,000 – 50,000 barrels/day with a storage capacity of 500,000–750,000 barrels by 1st quarter, 2019.

Begun reprocessing of seismic data for the South West Salt Pond block, Ghana by Petrovision, UK of which it owns about 76% equity, in order to pave the way for exploratory drilling in 2019.

2023

Brittania-U successfully drilled two wells with dual strings with a production of 2,500 barrels each, making a total of 5,000 barrels in addition to the 1,500 barrels already being produced from one equity string. With this new well, we now have a current production of 6,500 barrels.