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Forte Oil

Forte Oil
1964 FOUNDED
M&A STATUS
201-300 EMPLOYEES
M&A LATEST DEAL TYPE
9 FINANCING ROUNDS
Description

Forte Oil PLC is engaged in the marketing of petroleum products. The business activity of the company is divided into fuels, upstream services, lubricants and power generation segments. The Fuels segment is responsible for the sale and distribution of petroleum products and Aviation Turbine Kerosene in retail outlets and to industrial customers. The Upstream Services segment provides ancillary services to the exploration and production sub-sector of the oil and gas industry. The Lubricants and Greases segment manufactures and sells lubricants and greases. The Power Generation segment generates power. The group operates in two geographic regions namely Nigeria and Ghana.

Formerly Known As
African Petroleum, British Petroleum Nigeria
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Primary Industry
Energy Production
Other Industries
Energy Marketing
Gas Utilities
Parent Company
Prudent Energy (Nigeria)
Former Stock Listing
FO
Primary Office
  • 13a Walter Carrington Crescent
  • Victoria Island
  • Lagos
  • Nigeria

+234 0000000000

Forte Oil Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Forte Oil Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Petrolia (Norway) Corporation Limassol, Cyprus 000
000000000000 Corporation Houston, TX 000000 000000000000
00000 Corporation Lagos, Nigeria 000
0000 000000000 000 Corporate Backed or Acquired Nairobi, Kenya 000000000000
00000 000000 Private Equity-Backed Lagos, Nigeria 000 00000 0000000 0000 00000
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Forte Oil Former Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Forte Oil Executive Team (5)

Name Title Board
Seat
Contact
Info
Akin Akinfemiwa Group Chief Executive Officer
Julius Omodayo-Owotuga Group Chief Financial Officer & Executive Director
Akinleye Olagbende General Counsel & Head of Company Secretariat
Ayodeji Adelakun Head, Finance

1 Former Executive

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