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Ladol, Samsung Reach Settlement, Truce May Unlock $300bn Investments
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NDEP Appoints Daramola GM Commercial
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NDEP set to inaugurate 11,000bpd refinery The Punch
Published 8 July 2021
The Niger Delta Exploration & Production Plc, an independent integrated energy company, has said its refinery, with a processing capacity of 11,000 barrels per day, will be inaugurated soon.
The company also announced the Department of Petroleum Resources’ approval for the introduction of hydrocarbon to the Train 3 of its Ogbele refinery.
Niger Delta Petroleum Resources, a subsidiary of NDEP, had in 2010 inaugurated a 1,000bpd mini refinery for the extraction of diesel from crude oil produced from the Ogbele field.
The Chairman of NDEP, Mr Ladi Jadesimi, was quoted in a statement as saying that this would make the full-fledged refinery ‘the first of such privately owned and operated in Nigeria’.
Production from Ogbele marginal field hits 20m barrels, 95bscf of gas
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Peter Uzoho
Nigeria’s first marginal oil field, Ogbele field, owned by the Niger Delta Exploration and Production (NDEP) Plc has produced 20 million barrels of oil and 95 billion standard cubic feet of gas in its 15 years production.
The NDEP disclosed this at its 26th annual general meeting (AGM) held virtually recently, where it celebrated its 15th anniversary since the oil production at the Ogbele field.
The company said the achievements were recorded despite the negative impact of the COVID-19 pandemic on oil companies last year.
The latest production performance disclosed by the NDEP, whose upstream subsidiary, Niger Delta Petroleum Resources (NDPR) Limited is the operator of the field, showed that the company increased production at the field by one million barrels of oil and five billion scf of gas in 2020, from the cumulative 19 million barrels and 90scf reported in 2019.