About Us
From upstream production to refining and renewables, Waltersmith is a wholly Nigerian company powering Africa's energy transformation.
Our Story
Waltersmith began in 1996 as a joint venture between Waltersmith & Associates (Nigeria) and Petroman Oil (Canada), focused on petroleum exploration and production.
By 2001, the company became 100% Nigerian-owned. In 2003, we were awarded the Ibigwe Field (OML 16) during Nigeria’s first Marginal Field Licensing Round. A year later, in 2004, Waltersmith executed a Farm-out Agreement with the Shell JV and assumed full operatorship of the Ibigwe Field.
We achieved first oil in 2008 at 500 bpd, and through continuous investment and innovation, grew production to a peak of 7,000 boepd with over 14 million barrels of oil produced to date. We are proudly indigenous, integrated, and impact-driven—delivering value across the energy value chain.
our key focus areas
Upstream
Exploration, development, and production of oil and gas assets
Gas
Optimizing gas for industrial use
Refining
Owner/operator of Nigeria’s first modular refinery; developing a 50,000 bpd facility
Petrochemicals
Supporting downstream manufacturing through our Industrial & Innovation Park
Renewables
Committed to a sustainable future with investments in alternative energy
Power
Developing power solutions tied to our refinery and industrial park projects
Vision
To be a leading integrated energy company making a positive impact on society.
Mission
To responsibly develop hydrocarbon and renewable resources for the benefit of humanity.
Our Core Values
Creativity
Integrity
Teamwork
Excellence
Resilience
Respect
Our culture
We don’t just extract energy, we empower lives
We are a values-driven organization built on professionalism, collaboration, and a deep commitment to HSE, community engagement, and continuous improvement.
Our team, policies, and governance structures reflect our drive for excellence and our mission to impact both people and the planet.
Our Pillars
Good
Governance
Sustained
Funding
Technology & Innovation
Regulatory Compliance
Execution Capacity
Cost
Discipline
Employee Value Proposition
Stakeholder Engagement
Key Milestones
Learn more about us
Our Leadership
Driven by vision and accountability, our leadership fosters innovation, empowers teams, and steers the company toward sustainable growth and impact.
Sustainability
Our growth strategy emphasizes efficiency, low operating costs, and long-term value. We continuously improve through structured decision-making, streamlined operations, and commitment to ESG principles.