Neconde sets to increase output by 43%

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NECONDE Energy Limited, the exploration and production subsidiary of the Obijackson Group, has concluded plans to increase output by 43 per cent.

Specifically, the company’s output would increase from the current 15,000 barrels per day, bpd to 70,000 bpd in the coming years.

The company stated that it is currently in talks with the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, to ensure that there is a mutually beneficial agreement on some of the demands presented by the association.

Speaking during a media chat yesterday in Lagos, the company’s Managing Director, Mr. Frank Edozie, said, “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.

“We have also undertaken some strategic steps, such as rehabilitation of Batan and Odidi Flow Stations to enable the achievement of our targeted peak gross production rate, revamping of Jones Creek and Egwa Fields for workover of existing wells and development of other infrastructure which includes refurbishing a gas Central Processing Facility (CPF) in Odidi as well as commencement of re-entry of Odidi, Jones Creek fields Egwa 1 & 2”.

Edozie explained that the company had to relocate its operations to Warri from Lagos, so as to be closer to the base and to meet its goals of increasing its contributions to the Nigerian economy. According to him, this relocation meant redeployment of employees to the new location, which was executed in a manner that the associated inconveniences to employees were duly considered and properly mitigated.

Explaining the relationship existing between Neconde and the employees, he said, “We are currently in talks with the leadership of PENGASSAN to ensure that we reach a mutually beneficial agreement on some of the demands presented by the association.”

The management has provided the association with an update and called for a meeting to discuss any remaining potential areas that may still exist.

So far, management and the company have enjoyed their co-operation and hope that the association will continue to abide by best-in-class labour union practices by exploring negotiation and collaboration as labour relations tactics, “he added.

Neconde is the operator of oil mining lease, OML 42, through its acquisition of a working 45 percent interest from Shell, Total and Agip joint venture (SPDC) in 2011.

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