Our Key Milestones
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GEC undertakes an international private placement arrangement in Europe.

GEC forms GEC Power, a wholly owned subsidiary pursuing opportunities in power generation and distribution in West Africa.

GEC establishes GEC Property Development Company, a wholly owned subsidiary investing in high-value real estate in choice locations across Nigeria.


GEC establishes GEC Petroleum (GPDC) as the flag-ship of GEC’s exploration and production business. GPDC successfully bids for two blocks OPL 2009 and OPL 2010 located in some 60 meters of water in the eastern part of the Niger Delta shallow offshore.

GPDC acquires 100% of Associated Offshore Oil Nigeria Limited and through this acquisition, secures 40% working interest in the Ororo Marginal field located in the Chevron operated OML 95 in 7 meters of shall water offshore Ondo State of Nigeria.



GEC forms a joint venture with Afren UK Plc. The incorporated JV, Afren Global Energy Resources Limited (AGER) acquires OPL 917 and OPL 907 in the gas and condensate rich Anambra Basin, inland South-East Nigeria. AGER is the operator of these two blocks on behalf of itself and a number of local partners.



GEC makes two strategic acquisitions in 2005:

ABB Powerlines Ltd acquired from the ABB Group. ABB Powerlines is the premier power engineering company responsible for implementing over seventy percent of high-end power transmission and telecommunications cabling projects in Nigeria.

GEC participates in the highly competitive oil blocks licensing round organized by the DPR and won the license for the OPL 135 onshore Niger Delta under a PSC arrangement.



GEC acquires SDEM Erectors, formerly GEC-Alsthom of France, a company focused on heavy industry and infrastructure development.



GEC develops as a ‘Business to Business to Consumer’ organization focused on expanding its contracting abilities and diversifying into market facing businesses – exploration and production, power development, real estate and investment and trading activities.



•GEC, in partnership with TDI-Brooks International, Houston, Texas, Undertook the first consortium Surface Geochemical Exploration (SGE), Heat Flow (HF), Seabed Paleontology (SP) and Sedimentological/ Geotechnical (S/G) program in the Gulf of Guinea basin - Nigeria / Sao Tome & Principe Joint Development Zone (JDZ). The program will assist Operators in the ongoing Licensing Round in evaluating the hydrocarbon potentials of the zone.



•GEC successfully re-positioned Nigerdock Nigeria Plc as an offshore services centre by bringing in reputable international industrial partners into GEC Shipyards and Marine Contractors (Africa) Limited (GSMC), the Private Holding Company and new Core Investor in Nigerdock.

•As a result, Nigerdock now has capabilities through its partners for various offshore services – Mooring Systems, Flowlines & Risers construction, Rig repair/refurbishment, Marine Logistics and Subsea & Topsides integration etc.

•Under GEC, various unique offshore construction projects including the construction of the largest deep water buoy (Bonga Buoy), Bonga suction piles, Bonga flow lines and risers etc. have been fabricated at Nigerdock.



•GEC through the activities of its CEO and other oil industry professionals brought in Penwell Corp. Houston, to host the biggest petroleum industry conference and exhibition - Offshore West Africa (OWA) in the Sub-Saharan Africa, in Nigeria. The OWA conference and exhibition has put Nigeria firmly on the map as an offshore oil and gas activities center. Following the success of OWA 2001, the conference and exhibition for 2002 (OWA 2002) was hosted in Nigeria.

•GEC successfully acquired 51% core investor’s shares in Nigerdock Nigeria Plc, a major ship repair, ship building and offshore fabrication facility in Nigeria through an international tender bid (ITB) process involving six (6) of the world’s leading offshore construction companies for the sum of $35 million from the Federal Government of Nigeria.



•GEC pioneered the application of Multiphase Technology for oil and gas production in Africa with the successful Engineering, Procurement, Installation and Commissioning of the first multiphase pumping system at Oroni Field, Western Niger Delta, for Shell Petroleum Development Company, Nigeria.



•GEC undertook the largest Metocean/ Physical Oceanographic Studies in the Gulf of Guinea for a Consortium of Multinational Oil Companies exploring for oil and gas in the Gulf of Guinea, offshore Nigeria.

•GEC pioneered Wellsite Biostratigraphy and Biosteering of wells while drilling in Nigeria. Wellsite biostratigraphy and biosteering involve on-the-spot, instant biostratigraphic (nannofossils and foraminifera) analysis and interpretation at wellsite while drilling.



•GEC performed the Sequence Stratigraphic Studies of the first deep water well drilled in the deep water, offshore Nigeria. GEC has carried out studies on the highest number of deep water wells (over 40) drilled offshore Nigeria in the Gulf of Guinea.



•GEC pioneered off-site Sample Storage and Administration Services for oil Exploration and Production Companies in Nigeria.

•GEC established the largest Geological Consultancy Services in Africa, with the largest pool of geoscientists working and delivering services under one establishment.


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