With a view to accomplish its mission of becoming a fully integrated oil & gas company, NIPCO is now focusing on acquiring upstream assets in Nigeria. For this purpose it has established NIPCO E&P Ltd. and it is actively pursuing acquisition of upstream assets.

To begin with NIPCO Plc holds a strategic investment of 7.9M USD in OML40. Currently Eland operates OML40 in the Niger Delta. NIPCO Plc has also invested USD 3 million in Midway Resources International – an exploration company with prospective and proven acreages in Nigeria and Kenya