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  • Our Business Model

    Our Business Model

    In early 2012, Neconde and NPDC agreed a work program to rehabilitate the remaining shut-in fields, namely, Odidi, Jones Creek and Egwa to reopen about 80 wells for production. In October 2013, rehabilitation works started in Odidi field and it was re-opened in October 2014. Odidi is currently producing at 22,000 bopd. Rehabilitation works at Jones Creek started in July 2014 and was completed in August 2015. Production from Jones Creek currently stands as 36,000 bopd. Egwa rehabilitation has commenced and is expected to complete in 2019 with production of 20,000 bopd.

    In addition to oil, OML-42 has up to 6 TCF of gas resources that are planned to be developed in the next 4-5 years towards delivering about 500 MMScf/d to the domestic gas market. The gas development will also monetise a significant amount of condensate resources. Currently the NPDC/Neconde Joint Venture is rehabilitating the Odidi gas Central Processing Facility to bring the first tranche of 80 MMScf/d of gas to the domestic market by end-2018.

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