Neconde Energy reiterates commitment to responsible business practise

The management of Neconde Energy Limited has reiterated its commitment to responsible business practice. The company said this is part of its ongoing transformation initiatives aimed at strengthening the operational capacity of Neconde Energy Limited, the E&P subsidiary of the Obijackson Group, the operator of the OML 42, located in the West Delta.

The Managing Director of Neconde Energy, Engr. Frank Edozie, at an interactive session with media personnel on the successes and feats the company has recorded since its establishment through acquisition of a 45 per cent working interest from the Shell, Total and Agip Joint Venture (SPDC) in 2011, acknowledged the centrality of employees to the success of the organisation, saying “our workforce has remained a key factor in the evolution of Neconde, and their wellbeing remains important to us.

“We are a people-centered organization, so the value we place on employees is not just because we know that our continued existence is dependent on them, but mainly because every human being deserves as good life, and should be treated fairly.”

He noted that despite the shutting down of the Trans-Forcados Pipeline and Terminal by Niger Delta Avengers (NDA) since February 2016 and challenges of irregular cashflows, the company continues to pay salaries of workers.

“For instance, a component of our strategic goal for the year is to achieve an estimate of 60,000 barrels per day (bpd). 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.

“Additionally, we had to relocate our operations to Warri from Lagos, for us to be closer to the base to better enable us to meet our goals of increasing our contributions to the Nigerian economy. Expectedly,

this relocation meant redeployment of employees to the new location, and this was executed in a manner that the associated inconveniences to employees were duly considered and properly mitigated”.

“We are currently in talks with the leadership of PENASSAN to ensure that we reach a mutually beneficial agreement on some of the demands presented by the association. Even as at Monday 15th May, 2017, the management 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 said.

Earlier Mr. Edozie had noted that “Neconde is an indigenous E&P company with strong management and extensive in-country experience, so we are fully aware of the challenges facing our sector, and as a key

Nigerian player, our goals and aspirations include creating value from every constituent of our stakeholder network which includes employees, our host communities.”

A subsidiary of the Obijackson Group, one of sub-Saharan Africa’s fastest growing conglomerates with interests in diverse sectors of the economy, Neconde Energy Limited is a wholly Nigerian company with office in Warri, Delta State.  The company has a reputation for excellent business practices, which has earned it numerous recognitions locally and internationally. Some of these awards and recognitions include “The Nigerian Elite Business Recognition Award as one of Nigeria’s Outstanding Oil and Gas Companies for 2013” and “Aret Adams Award for Excellence “Achievement as an indigenous Operator in the Nigerian Oil and Gas Industry for 2015.”

As an indigenous company with impressive operational standards, Neconde Energy Limited demonstrates a high commitment to business safety and consistently offsets the environmental impact of our operations with functioning social responsibility strategy, stakeholders’ engagement plan and deployment of innovative technology.