NewcrossEP at a Glance
Newcross Exploration and Production Limited (NewcrossEP) is an independent domestic oil and gas exploration and production company based in Nigeria. NewcrossEP was established in 2013 and emerged as the successful bidder of OML 24, acquiring a 45% participating interest in the block hitherto managed under the NNPC/SPDC/TOTAL/NAOC Joint Venture arrangement.
Our History
Newcross Exploration & Production Limited (NewcrossEP) is a wholly-owned indigenous company formed in 2013 by its Parent company – Newcross Petroleum Limited (NPL), for the acquisition of OML 24.
In 2014, NewcrossEP emerged as the successful bidder of OML 24 and acquired a 45% participating interest in the block hitherto managed under the NPC/SPDC/TOTAL/NAOC Joint Venture arrangement.
The OML 24 asset covers an area of 162 Sq.km. It is located onshore western Nigeria Delta, about 40km South-West of Port Harcourt. This includes Awoba, Awoba North West and Ekulama Fields.
Acquisition transaction closed on November 1, 2014. Operatorship was granted on December 31, 2014. After a 3-month transition period, NewcrossEP became operator of the assets on February 1, 2015.
Our Business Strategy
Our business is based on a home-grown approach to deliver value to all our key stakeholders.
NewcrossEP delivers on our promises by capitalising on our resource advantage, harnessing our strengths in human capital development and innovative performance while always being mindful of our environment.
Our business is based on a home-grown approach to deliver value to all our key stakeholders. We have a commitment to the highest standards and internationally-regarded techniques of production.
NewcrossEP remains innovative and forward-looking, gradually improving output through continuous review of existing structures.
To achieve long term sustainable growth as a leading indigenous energy company, we strive to attract, retain and develop the best people while keeping them safe
