NECONDE Energy Targets 70,000 Barrels Per Day Production

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By CHIKA IZUORA, Lagos
As part of on-going transformation initiatives aimed at strengthening the operational capacity of Neconde Energy Limited, the exploration and production subsidiary of the Obijackson Group, the operator of the OML 42, the company’s management has affirmed commitment to responsible business and employee management practices.

The company whose production had gone down from 52,000 barrels per day production to 15,000 bpd says it hopes to up production to 70,000 bpd this August. The declaration was made by the company’s managing director, Engr. Frank Edozie at an interactive session with the media on the successes and feats the company has recorded since its establishment through acquisition of a 45 per cent working interest from the Shell, Total and Agip Joint Venture (SPDC) in 2011.

In his remarks, he acknowledged the centrality of employees to the success of the organization, saying “our workforce has remained a key factor in the evolution of Neconde, and their wellbeing remains important to us. We are a people-centred organisation, so the value we place on employees is not just because we know that our continued existence is dependent on them, but mainly because every human being deserves as good life, and should be treated fairly.

“For instance, a component of our strategic goal for the year is to achieve an estimate of 70,000bpd. This has led us to develop “barged production” as an alternative to crude evacuation using the Trans Forcados Pipeline which has been out of service since 13th February, 2016.”