Neconde Energy Limited and the National Petroleum Development Company (NPDC), its joint venture partner in Oil Mining Lease (OML) 42, have started production and delivery of gas to the domestic market through the Nigeria Gas Marketing Company.
This is in fulfilment of the commitment made by the Group Managing Director, Nestoil Group and chairman of Neconde, Dr. Ernest Azudialu-Obiejesi, during the last Nigeria Gas Association conference.
Azudialu-Obiejesi had promised that the NPDC/Neconde JV would deliver about 40 million standard cubic feet (MMScf) per day to the domestic gas supply network. This is now being fulfilled with the successful startup and operation of Main Compressor Module 1 (MCM1) of the Odidi gas processing facility.
A statement by Neconde yesterday quoted him to have said the development was a milestone for indigenous companies operating in the oil and gas sector. He recalled that OML 42 from which gas is now being produced was acquired in 2011 but was fraught with a lot of challenges at the time it was sold by the international oil companies (IOCs).
Source: The Guardian