Oilden Energies unveils retail lubricants and maritime subsidiary

Oilden Energies Limited has made a bold entry into Nigeria’s retail lubricant market, unveiling a new line of high-performance products at a launch event in Lagos.

The company introduced its flagship lubricants—AE 20W-50, SAE 5W-30, and two-stroke engine oil—designed to offer superior durability and specifications compared to existing market options, as part of its strategy to expand its footprint in the oil and gas sector.

Oluwatoni Oladiran, CEO of Oilden Energies, emphasized the company’s commitment to combating product adulteration and counterfeiting. “We are introducing products that are difficult to adulterate, ensuring quality and trust,” Oladiran said.

He highlighted the advanced features of the lubricants, noting, “Our semi-synthetic 20W-50 lasts longer in vehicles, while the 5W-30 and two-stroke oils surpass current market standards.”

ALSO READ: OLD MUTUAL EXITS EAST AFRICAN PROPERTY MARKET

In a parallel development, Oilden announced the establishment of a new subsidiary, Oilden Shallow and Deep Water Ltd, to serve Nigeria’s burgeoning maritime industry. The subsidiary will offer shipyard services, underwater engineering, diesel engine repairs, and marine consultancy.

Oilden has acquired a fleet of maritime equipment, including platform supply vessels (PSVs), tugboats, barges, and vessels. Notably, the company plans to deploy Africa’s largest dump barge, with a 50,000-metric-ton capacity, before the end of 2025.

“This subsidiary will deliver unparalleled services in shallow and deep waters, not just for Nigeria but across the continent,” Oladiran stated. Idowu Dalegan, CEO of Shell Barge Group and an Oilden executive, added that the shift to retail distribution will enhance the availability of Oilden’s lubricants nationwide, while the maritime subsidiary positions the company as a leader in both sectors.