O&G Exhibition in Africa O&G and P&E Exhibitions in Africa P&E Exhibition in Africa
Back To Home

Indigenous firms targetting 100,000bpd – Neconde Chairman

The Group Managing Director, Obijackson Group and Chairman of Neconde Energy, Dr Ernest Azudialu-Obiejesi, has said that some indigenous firms are targeting between 90,000 and 100,000 barrels of oil per day (bpd) in the next five years, The Nation reports.

The Obijackson Group owns Nestoil and Neconde Energy, the operator oil mining lease (OML) 42, which has a joint venture with the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). Neconde bought the divested equity shares off Shell Petroleum Development Company (SPDC).

Azudialu-Obiejesi said indigenous oil firms, such as Seplat, Neconde, Nestoil,and Oando, are producing between 30,000 and 70,000 barrels of oil per day, adding that the firms are aiming at 100,000bpd and ultimately becoming big players in the industry.

He said when this happens, the indigenous operators would find it easier to go into other African countries, such as Ghana, Kenya and Angola, to buy oil fields and develop them. Azudialu-Obiejesi said the development could also place indigenous oil firms in vantage position to become oil majors.

Source : energymixreport.com
Posted On: 9/24/2015 12:00:00 AM

Exhibitions in Africa

Advertisements

Place Your Add here
gautamsolar
geothermal_association
tcpak.com
INMESOL POWER SOLUTIONS
Oilserv Limited
POWERSPOT
cargostore.com
Energy environment Engineering

Support

Ask your questions by e-mail: here

OGPE Africa

© 2014-2021 | OGPEAfrica © All rights Reserved
Sitemap | Imp_Links | Media Partners

OGPE AFRICA is an industry leading and most reliable directory, news and trade fair information website for power, energy, oil, gas, coal, nuclear, wind, hydropower and solar sector in Africa. OGPE Africa helps you find suppliers, contract tenders, importers, exporters, buyers, sellers, distributers and manufacturers of petroleum and fuel products, connected plant, distributed energy, pipeline and drilling equipment, power plants equipments, oil well equipment, emergency equipment and vehicles, drilling tools & cables, wires, transformers across Africa in Kenya, Uganda, Tanzania, Nigeria, Ghana, South Africa, Ethiopia, Egypt, Mozambique, Zambia, Zimbabwe, Angola, Morocco, Senegal, Rwanda, Congo.

Get In Touch