Niger Delta Exploration & Production Plc (NDEP) is an innovative, integrated oil and gas company that constantly seeks to maximize its operations and production to create and increase value. Our publicly-owned company is committed to excellence. We conduct our operations to the benefit of all stakeholders and with the least negative impact on the environment. Community relations (CSR) and development as well as adherence to best practices are at the heart of our business model.Here is an overview of NDEP’s important milestones through the years:
1996 – 2008
- 1996: Fully negotiated the first commercial Farm-Out Agreement in Nigeria
- 1997: Host Community Development Trust was established
- 2000: The first company in Nigeria to successfully implement a Farm-Out Agreement
- 2005: Ogbele Well #1 successfully re-entered and completed
- 2005: First oil production into the SPDC Terminal at Bonny
- 2005: The first crude sale was recorded with 50,000 bbls off-take by Shell Western Trading and Supply
- 2006: Ogbele Well #2 successfully re-entered and completed
- 2007: The company attains its first 1 million bbls of oil production
- 2008: Ogbele Well #3 successfully drilled and completed
- 2008: Ogbele Well #4 successfully drilled and completed
2009-2011
- 2009: Added 13.74 million barrels of proven reserves
- 2009: Ogbele Well #5 successfully drilled and completed
- 2010: Attained cumulative net oil production of 5 million bbls
- 2010: Completed pioneering Gas Purchase Agreement (GPA) with the NNPC/Shell JV
- 2010: Successful installation of 1000 bpd diesel Topping Plant
- 2010: 5 years of continuous and uninterrupted oil production
- 2011: NDPR receives LTO approval for Mini Diesel Topping Plant at Ogbele
- 2011: NDPR marks 10 years of host community engagement
2012-Present
- 2012: NDPR Ltd announces the commencement of Ogbele Gas Plant commissioning
- 2012: NDEP celebrates the sixth year of consecutive dividend payment to shareholders
- 2012: NDEP Plc is conferred Pioneer Tax Status by the Nigerian Investment Promotion Commission
- 2014: NDPR Ltd Executes Omerelu Farm Out Agreement