The founder of JandL Oil & Gas Limited in Lagos, Nigeria, Jay Ogor is now the company’s CEO. Jay Ogor’s management has transformed the enterprise into a multi-million dollar operation involved in drilling services, procurement, Marine services and management in the extraction of Nigeria's petroleum industry.
After more than five decades of exploration, oil was finally discovered by Shell-BP in Nigeria in 1956. Within two years, the first oil field was generating 5,100 barrels per day (bpd). The country joined OPEC in 1971, and by 2016, the oil and gas sector made up 35 percent of the national economy, and petroleum products composed 90 percent of total export revenues.
Nigeria possesses more than 37 billion barrels of proven crude oil reserves and nearly five and a half trillion cubic meters of natural gas. With a domestic demand for crude oil of only 393.1 thousand bpd, it can export 1.7 million bpd. Exports of other petroleum products result in an additional 17.9 thousand bpd.
An insurgency in the Niger Delta that began in the 1990's has been detrimental to the nation's oil industry, but it continues to remain the lifeline of the economy.
