Neconde Energy Limited Recruits Experienced Engineers into Various Positions, Click to View more Details to Apply
Neconde Started Operations Officially in December 2011.The Company currently is in a joint venture with NPDC (Nigerian Petroleum Development Company) on OML 42. This Oil Property was acquired from SPDC(Shell Petroleum Development Company) in November 2011 as a result of the Local Content Act signed into law in April 2010. OML 42 is a 814 square kilometer lease originally awarded in 1962. Initial production commenced in 1969 and aggregate production from the 5 fields discovered within OML 42 reached a peak of approximately 250,000 barrels of oil equivalent per day (“boe/d”) in the 1970’s. Production, which was primarily oil, continued until the first part of 2005 when the producing fields were shut-in due to security issues in the Niger Delta area. Production at the time of the shut-in was more than 50,000 barrels of oil per day (“bopd”) and more than 80 million cubic feet per day (“MMcf/d”) of natural gas.