2023
Waltersmith and Associates Limited (“WSA”)
We are responding to the dynamics of the energy landscape.
In furtherance of the above, Waltersmith has embarked on an organization wide-review to position ourselves strategically and efficiently in line with current energy realities in our operating environment.
We aim to achieve the following:
- Reduce operating costs within acceptable levels and ensuring sustained business continuity in the face of the challenging economic outlook.
- Continuous improvement in our business to ensure utmost and efficient delivery.
- Detailed integrated decision-making process and a streamlined operating structure.
2020
Signing Ceremony with UNIDO & UNECA for our Industrial & Innovation Park
- Waltersmith, UNIDO & UNECA signed a Technical support agreement with respect to the development of an Industrial Park by Waltersmith which will attract petrochemical, pharmaceutical, research and other light manufacturing companies that feed off the hydrocarbon value chain.
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5,000bpd Modular Refinery Commissioning & Groundbreaking for 45,000 Refinery
- Waltersmith Refining & Petrochemical Company Limited (WRPC) is currently developing a 50,000bpd refinery situated near the Ibigwe Field flowstation through a phased expansion strategy.
2019
Awarded EG-23
- Waltersmith was awarded offshore block EG-23 by the Government of Equatorial Guinea.
2018
Attained production rate of 7,000 bopd
- Waltersmith attained production rate of 6,000boepd and drilled Ibigwe 9,10,11wells.
2012
Concluded the drilling, work over and completion of 4 wells
- Concluded the drilling work-over and completion of 4 wells. Production also ramped up to circa 4,400boepd and a 15,000boepd flow station was installed. Waltersmith also acquired interest in OML 34 as part of the ND Western Consortium.
2011
Commenced 2nd phase of workover & 4 drilling campaign.
- Waltersmith commenced its 2nd phase of Work Over & Drilling Campaign.
2010
Installed gas lift facility
- Waltersmith ramped up production to circa 2,200boepd.
2009
Commenced 1st phase of drilling campaign
- Commenced 1st phase of Drilling Campaign. Drilled and completed Ibigwe 4 & 5 wells.
2008
Completed re-entry of two existing wells
- Completed the re-entry of two existing wells (IB-1&2), installed an EPF and attained first oil at an average production of 500boepd. Waltersmith also commenced commercial export.
2007
Executed Crude Handling Agreement , Sale & Purchase Agreement with SPDC
- Executed Crude Handling Agreement, Sale & Purchase Agreement with SPDC.
- Planned Field Development Plan
2004
Executed Crude Handling Agreement , Sale & Purchase Agreement with SPDC
- Waltersmith executed a farm-out Agreement with SPDC JV and took over ownership and Operatorship of the Ibigwe Field.
2003
Waltersmith participated in the first Nigerian Marginal Oil Field licensing
- Waltersmith participated in the first Nigerian Marginal Oil Field licensing round organized by the FGN and was awarded the Ibigwe Field located in OML 16.
2001
Waltersmith became a wholly owned Nigerian company
- Waltersmith became a wholly-Nigerian owned company.
1996
Incorporation of the company
- Incorporation of the company as a joint venture between Waltersmith & Associates and Petroman Oil Limited.
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