Damas Petrochemicals and Refinery

REFINERY

DAMAS Petrochemicals and Refinery Ltd.

WHO WE ARE

DAMAS Petrochemicals & Refinery Limited is a subsidiary of the BUA Group.

DAMAS Petrochemicals & Refinery Limited is a privately held Nigerian energy company that engages in the exploration, development, production, and refinery of hydrocarbon resources.

Our Company has two primary businesses; an upstream crude oil and gas exploration and production company with a portfolio of high-quality assets in Nigeria and a downstream 250,000bbl/day crude oil refinery, with an onstream date of 2026.

BUSINESS OBJECTIVES

Our Mission

Our mission is to sustainably deliver economically viable integrated energy solutions underpinned on technical excellence whilst incorporating an inclusive corporate culture.

Our Vision

Our vision is to be a world-class integrated energy company, strategically providing the energy needed to support the economic growth and development of the Nigerian economy, while delivering premium value to all stakeholders.

Our Strategy

DAMAS is focused on creating value for all stakeholders through the pursuit of rewarding exploration, appraisal, development, production, and refinery opportunities in developed and under-explored territories in Nigeria and beyond. We are taking a combined organic and inorganic approach to our value accretive growth plan.

Downstream

bbl/day

Crude oil refinery with an onstream date of 2026

WHAT WE DO

DAMAS Exploration & Production (DAMAS E&P)

DAMAS E&P owns and operates OML 110, a sole-risk licence, located offshore south-western. Within the licence lies the producing Obe field, currently shut-in, and the Uba field. Additionally, numerous proven undeveloped reserves and prospects lie within the licence, with progressive endeavours through exploration efforts and development planning activities. DAMAS E&P continues to build a strong relationship with all other relevant stakeholders enabling us do the business we love to do in an environmentally responsible way

OML 110

Sole-Risk License

Obe & Uba Fields

Sole-Risk License

DAMAS Refinery

Damas Refinery, a 250,000bbl/day crude oil three-train refinery located in Akwa Ibom, South-South Nigeria, is currently under construction and expected to come on stream in 2026. This refinery is strategically positioned to meet Nigeria’s growing energy demands.