Operators of OML 42, Neconde Energy Limited has decried the impact of bureaucratic hurdles and multiplicity of fees imposed by various regulatory agencies in the Nigerian Gas Industry, stating that it has become increasingly difficult for businesses to thrive in Nigeria. Chichi Emenike, the acting Managing Director, and Gas Asset …
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OML42: Banks refinance Neconde to increase production to 100,000bpd, grow gas reserves
A consortium of 7 local and international lenders has signed an agreement to refinance Neconde Energy Limited’s existing Senior Secured Medium-Term Loan Facility Agreement worth $640 million with Neconde Energy Limited, an indigenous Oil and Gas Exploration and Production company, following the 20 year renewal of the Oil Mining License …
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