Waltersmith Petroman Oil Limited was incorporated in 1996 as a joint venture between Waltersmith and Associates Limited, a Nigerian company and Petroman Oil Limited of Calgary, Canada to operate as an oil exploration and production company. In 2001, Waltersmith Petroman Oil Limited became a wholly owned Nigerian company with the divestment of Petroman Oil Limited.

The company subsequently participated in the Marginal Oil field licensing round for indigenous companies and was awarded the Ibigwe field located in Oil Mining Lease 16 by the Federal Government of Nigeria in 2003.


Vision Statement

To be a world class integrated independent oil and gas company.

Mission Statement

To responsibly develop hydrocarbon resources for the benefit of humanity.

Latest News & Views


FEC Approves National Gas Policy

Published on July 4, 2017

The Nigerian Government, Wednesday 29th July 2017, approved the new National Gas Policy that is…

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WEF selects Waltersmith as Global Growth Company

Published on September 10, 2015

The World Economic Forum (WEF) has announced the selection of Waltersmith Petroman Oil Limited, a…

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Waltersmith completes phase 2 of drilling campaign.

Published on December 11, 2012

The Board and Management of Waltersmith are happy to announce the completion of the second…

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Our Core Value

Our activities are grounded on the best business practices,
and strong commitment to social and environmental
responsibilities for the benefit of humanity.