Private oil group founded by Samuel Dossou-Aworet: trading, logistics and stakes in West African exploration and production (Aradel Holdings, Seplat Energy, the Renaissance consortium for SPDC).
At a glance
Based on observed investment behaviour: 3 recorded deals
- Investor type
- Family holding
- Investing entities
- Petrolin Trading Ltd, Petrolin Ocean Ltd
- Capital type
- Strategic investor (inferred from profile)
- Observed ticket
- Data unavailable
- Countries
- Nigeria (3)
- Activities
- Oil and gas (upstream and gas infrastructure) (3)
- Instruments
- Equity (3)
- Stages
- Data unavailable
- Recent activity
- 1 deal in 12 months, latest Jun 2026
Stated thesis versus observed behaviour
No stated thesis: the comparison is not possible.
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria inferred from recorded deals: the fund has not stated its thesis yet.
Recent public deals: they say better than a thesis what the fund actually signs.
Undisclosed amountEquityEnergyLead
Activity : Oil and gas (upstream and gas infrastructure)
Instrument : Stake held: 81,015,319 shares (13.50%) at 30/06/2026; entry date not established · Vehicle : Petrolin Trading Ltd
Stake held · Stake : 13.5% · Listed company, LSE, NGX
Independent oil and gas producer, listed in London and on the NGX.
Source : nairametrics.comN2 · Cross-checked (2+ outlets) · Other sources : Nairametrics, d'après les états financiers semestriels 2026 de Seplat
NGN 96.5bnEquityEnergyLead
Activity : Oil and gas (upstream and gas infrastructure)
Instrument : On-market purchase of 173,793,774 shares at NGN 555 (amount = published volume × price) · Vehicle : Petrolin Ocean Ltd
Stake increase · Listed company, NGX
Integrated exploration, production and modular refining group, listed on the NGX.
Source : doclib.ngxgroup.comN1 · Primary source · Other sources : NGX, notification de transaction par un initié (Petrolin Ocean Limited)
Shell Petroleum Development Company of Nigeria (SPDC)
January 2024 · Nigeria2,400 M$EquityEnergyCo-Lead
Co-investor alongside Aradel Holdings
Activity : Oil and gas (upstream and gas infrastructure)
Announced January 2024, completed March 2025 — 14 months from announcement to closing
Instrument : Acquisition of 100% of SPDC by the Renaissance Africa Energy consortium: USD 1.3bn base price and up to USD 1.1bn of additional payments · Vehicle : Aradel Energy Ltd
Consortium acquisition · Stake : 100% · Seller : Shell
Shell's onshore Nigerian subsidiary, operator of the SPDC joint venture (30%), renamed Renaissance Africa Energy Company.
Co-investors First E&P (Co-Lead), ND Western (Co-Lead), Waltersmith Group (Co-Lead)
Source : enerdata.netN2 · Cross-checked (2+ outlets) · Other sources : Shell, finalisation de la cession (13/03/2025), ThisDay, Enerdata
Petrolin Group invests across the following sectors: Energy, in the following areas: Nigeria. Check in 30 seconds whether your company fits these criteria.
