Welcome to WALTERSMITH
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.
Waltersmith Refinery
Waltersmith will commence the construction of a 5000 bopd refinery in the first quarter of...
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Ibigwe Tank Farm
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Ibigwe Field
See ProjectLatest News & Views
Waltersmith Executes $35M debt facility agreement with the Africa Finance Corporation
Published on July 4, 2018Waltersmith has executed a $35m debt facility with the Africa Finance Corporation to finance its…
Read MoreInvestment of $10M equity in modular refinery – Waltersmith executes shareholder agreement with the Nigerian Content Developement and Monitoring Board
Published on June 4, 2018Waltersmith has executed a Shareholder Agreement with NCDMB for the investment of $10m (Ten Million…
Read More5,000 BOPD Refinery project- Waltersmith executes Engineering, Procurement and Construction (EPC) agreement with Velem
Published on April 4, 2018Waltersmith has executed a $35m debt facility with the Africa Finance Corporation to finance its…
Read MoreOur Core Value
Our activities are grounded on the best business practices,
and strong commitment to social and environmental
responsibilities for the benefit of humanity.