Aiteo
A Nigerian oil and gas exploration and production company.
Last updated August 26, 2026
Overview
Aiteo is a Nigerian energy company focused primarily on the exploration and production of crude oil and natural gas. Its operating business is commonly identified in public materials as Aiteo Eastern E&P and is associated with the wider Aiteo Group. The company has a presence in Nigeria’s upstream oil and gas sector, with activities involving hydrocarbon assets, production operations, infrastructure and related supply-chain functions. Aiteo is particularly associated with its acquisition of interests in OML 29 and related infrastructure in Nigeria’s Niger Delta, assets previously held by Shell and its partners. Because reliable public information is limited, this entry does not assert a definitive founding year, complete ownership structure, current production figures or financial results.
History
Aiteo is a Nigerian oil and gas company whose upstream operating business is publicly identified as Aiteo Eastern E&P and associated with the wider Aiteo Group. Its activities are centered on the exploration, development and production of crude oil and natural gas in Nigeria. The most significant publicly reported step in its development was its participation in the acquisition of interests in OML 29 and related transportation infrastructure. The asset is located in Nigeria’s Niger Delta and had previously been held by Shell and its partners. The transaction gave Aiteo a significant operating position in the asset and increased its profile in Nigeria’s upstream production sector. Publicly verifiable information about the group’s full corporate history, founding circumstances, successive management, later asset changes and operating performance is incomplete; this entry therefore avoids asserting unsupported dates, amounts, production figures or organizational changes.
- 2015Acquisition of interests in OML 29
Aiteo acquired interests in OML 29 and related infrastructure from Shell and its partners, expanding its position in Nigeria's upstream oil and gas production.
Products and positioning
A Nigerian indigenous upstream oil and gas company
Crude oilEnergy products
Crude oil is one of Aiteo’s core upstream activities, involving the exploration, development and production of oil from Nigerian hydrocarbon assets, including assets associated with OML 29.
Natural gasEnergy products
Natural gas is part of Aiteo’s upstream oil and gas portfolio and may be produced alongside crude oil assets. Public information is insufficient to confirm a definitive field portfolio or sales scale.
Flagship businesses
- Oil and gas exploration and production
- Upstream asset operations
Leadership
| Name | Title | Tenure |
|---|---|---|
| Benedict Peters | Founder and Chairman | — |
Recent events
- 2015Aiteo acquired an interest in OML 29 and associated infrastructure from Shell and its partners
该交易使 Aiteo 成为 OML 29 相关上游资产的重要运营方之一。
M&A
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