A major milestone has been recorded for Nigeria’s indigenous energy industry as Kola Karim, Agbaoye of Ibadan Land and Group Chief Executive Officer of Shoreline Group, has led the company into the United States oil market with the acquisition of producing oil assets.
According to an exclusive report by The Africa Report, Shoreline has completed the acquisition of producing oil assets in several states across the United States, marking a strategic expansion into one of the world’s most established and competitive hydrocarbon markets.
The development represents a significant step in Shoreline’s international growth strategy and highlights the increasing global ambition of Nigerian-owned energy companies. By moving beyond Africa into the U.S. upstream oil sector, Shoreline joins a select group of international operators active in a highly regulated and technologically advanced market.
The expansion was further confirmed during discussions at the Nigeria International Energy Summit (NIES 2026) in Abuja, where Karim disclosed that Shoreline’s international footprint now includes producing oil assets in multiple U.S. states. He emphasized that the company’s growth is anchored on operational discipline, technical expertise, and long-term value creation.
Industry observers note that the United States oil sector offers a stable regulatory environment, deep capital markets, and advanced production technologies, factors that make the acquisition strategically attractive for firms seeking geographic diversification and revenue stability.
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Despite the U.S. expansion, Shoreline remains focused on growing its domestic operations. Karim has reiterated the company’s commitment to Nigeria’s energy sector, with plans to significantly increase production and strengthen indigenous participation in the upstream industry.
For many in Ibadanland and across the country, the development is being viewed as a moment of pride, reflecting the growing influence of Nigerian business leaders on the global energy stage. The achievement underscores how indigenous enterprise, backed by experience and ambition, can compete credibly beyond national borders.
