Loulak Oil and Gas Energy Ltd (Loulak) is an indigenous, wholly owned Nigerian energy company. Loulak was incorporated in 2010 to engage in oil and gas exploration and production, power generation amongst other interests and to provide consultancy services in the energy sector. Loulak's objectives in Nigeria are at the first instance, tailored towards the realisation of the aspirations of the Federal Government of Nigeria for an enhanced local participation in the oil and gas upstream business and likewise help accelerate emancipation of rural communities, especially in the Niger Delta. Loulak's strategy is to seek funding and technical partners with whom to jointly acquire and operate viable marginal fields or Oil leases with proven reserves.
Loulak possesses a unique in-depth understanding of hydrocarbon distribution, exploration and production in West Africa and particularly in Nigeria, given its extensive experience and proven track record of its directors and advisers, most of who also have international exposure in the upstream oil and power sectors. Thus Loulak is very capable and well positioned to indentify viable E&P assets for acquisition.
The Company is led by a management team with over 100 years combined experience in the Oil industry. The Company is committed to deploying the requisite Safety, Technical, Financial and Managerial expertise consistent with industry best practice, in order to achieve accelerated recovery of hydrocarbon from abandoned fields. Loulak is also committed to offering the best professional and technical advice to her clients and partners
In line with the Nigerian Local Content law, Loulak shall support community development projects in the rural communities of Niger Delta to help abolish poverty and build local capacity. This would entail local involvement and participation in the projects where they demonstrate required skills.