FF Millenium Towers, Plot 13/14 Ligali Ayorinde Street, VI, Lagos
Newcross Petroleum
Newcross Petroleum Limited (NPL), is an emerging indigenous company with investment and operating interests in the Nigerian oil and gas industry. The Company is governed by a board of directors with proven integrity and driven by a dynamic management team with broad knowledge and experience in the oil and gas industry.
About NPL
Newcross Petroleum Limited (NPL), is an emerging indigenous company with investment and operating interests in the Nigerian oil and gas industry. The Company is governed by a board of directors with proven integrity and driven by a dynamic management team with broad knowledge and experience in the oil and gas industry.
The Company has a deep understanding of its operating environment and is focused on profitability and high return on investment, whilst remaining socially and environmentally responsible. Newcross’ goal is to provide sustainable solutions to the energy challenges of Nigeria and use its operational success in the country as a springboard into the international arena, starting with the Sub-Saharan African markets.
Value Statement
- We strive to maintain a corporate culture that represents the core values of our company while acknowledging our similarities and embracing our differences.
- We maintain a culture where opinions and beliefs of everyone within our organization are appreciated, irrespective of color, race, sex, ethnicity or physical state.
- Engaged in our tradition of maintaining a consistent and positive contribution to the economic and social growth of our host communities (community empowerment policy).
Business Principles
Employee
We maintain an enabling, ethical and non-abrasive working environment for our employees and service providing companies, with good understanding of the organization’s code of conduct.
Integrity
All contractual activities and business relationships are guarded by a strict integrity model, to which every employee adheres.
HSE
We ensure that our activities are conducted with high industry and regulatory standards for maintenance of health, safety and protection of all our concerns in our areas of operation.
Community Relations
With a strong understanding of the Delta province and the African continent, we value creating a positive impact in all our host communities, as this ultimately enhances operational efficiency and fulfillment to our stakeholders.
Philosophy
Operating Philosophy
We maintain an efficient and cost-effective operation in partnership with all stakeholders, while maintaining safety and environmental sensitivity.
We expect our employees and stakeholders to always maintain the highest standards of integrity and transparency in all our areas of engagement with external parties.
Business Philosophy
Pursue and develop positive investments and leverage successes into new opportunities in the fast-growing marketplace.
Our Operations
2005
Acquired 40% participating interest from PPL in the Egbaoma (formerly referred to as Umutu field in OML 38).
2007
• Achieved first oil at the Egbaoma field and began production at a daily output of 3,000 barrels.
• Commissioned a 10,000bpd capacity flow station.
• Developed a 48-kilometre evacuation pipeline from Umutu to Kwale, Delta state.
• Commissioned a 10,000bpd capacity flow station.
• Developed a 48-kilometre evacuation pipeline from Umutu to Kwale, Delta state.
2010
Entered a PSC with the NNPC through the acquisition of 90% participating interest in OPL 283 from Centrica Resources Nigeria Limited (60%) and CCC Oil & Gas Nigeria Limited (30%). The remaining 10% is owned by Rayflosh Petroleum Limited, the local content vehicle (LCV) partner from the previous ownership.
2012
Secured the consent on its acquisition of 90% participating interest in OPL 276 (another Production Sharing Contract) from Centrica Resources Nigeria Limited (60%) and CCC Oil & Gas Nigeria Limited (30%), while Albright Wave retains its 10% as the local content vehicle (LCV).
2013
Made first hydrocarbon discovery in Efe field, a find of 20 hydrocarbon bearing reservoirs with a total thickness of 648ftMD.
2017
Secured conversion of its Oil Prospecting License (OPL283) to an Oil Mining Lease (OML152) and the field development plan (FDP) approval for OML152 Efe field.
2019
Secured NAPIMS approval to progress on the Efe evacuation strategy.
OML 152 is operated under a Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC). Located in the North central part of the Niger Delta basin, it has a total acreage of 1272 sq. km (with 285 sq.km of it, farmed out to marginal field operators). The asset is bound by OML 147 (North), OML 38 (West), OML 30 (South), OML 143 & 60 (East) and straddles both Delta and Edo states.
Following the discovery of Twenty (20) hydrocarbon bearing sands with a total thickness of 648ft on the Efe field, Newcross fulfilled all regulatory commitments for the conversion of the asset from an OPL phase to an OML phase. Eight (8) prospects have been identified within the block.
In January 2022, we successfully completed the Efe evacuation project, featuring a 33 km dual oil and gas pipeline. This infrastructure is designed to transport hydrocarbons from the Efe field to the Ogharefe processing facility for processing. From there, crude is transported to export terminals.
In November 2023, we achieved the inaugural crude commercialisation at the Efe field, successfully lifting 290,000 barrels of condensate from the Forcados terminal (NPL & NNPCL)
We also deployed a 5000 bbls/d Early Production Facility (EPF) and a 50 mmscf gas compression station. These facilities will handle the initial processing of hydrocarbons before they are transported to Ogharefe for further processing and subsequent export.
OPL 276 is an Onshore Lease under a Production Sharing Contract (PSC) arrangement with NNPCL. The Block is located in the South-Eastern part of the Niger Delta Basin, in Akwa-Ibom State. The license area of 472.24sqkm, sits in a transition zone, a terrain ranging from dry land in the north to mangrove swamps, beaches and shallow marine areas in the south.
Equity Stakes in the asset is currently held under a Joint operating agreement by Newcross Petroleum Limited (45%), Lekoil276 Limited (45%) & Albright Waves Limited (10%).
In 2024, the Joint Venture Partners secured a 24-month licence extension towards the execution of an accelerated work program to fulfil the outstanding Exploratory Phase obligations and activities resumed, following the completion of change of operatorship and assignment of 45% interest to Lekoil.
Activities at the Egbaoma field, under the Operatorship of Platform Petroleum, commenced in 2007 following a farm out by SPDC. NPL owns a 40% participating interest in the field.
In 2022, we completed the second train of gas compressor installations at the Egbaoma JV field, boosting gas processing capacity by 10,000 mmscf.
In 2023 , we completed the drilling and completion of Egbaoma 3ST water disposal well. This is intended to manage the daily water production of about 1,000bbls/d from all producing wells and fulfil regulatory compliance requirements
The Egbaoma field has consistently remained in operation since commencement in 2007. It has recorded over one million man-hours with no Lost Time Injuries (LTI).
A joint venture company between Platform Petroleum Limited and Newcross Petroleum Limited. Ase River Transport Limited (ARTL) is a mid-stream operator responsible for the transportation of produced crude oil for the Egbaoma operations and other cluster members. With an evacuation capacity north of 20,000 bopd, the 48km evacuation line comprises of:
- 6” x 32km line from Umutu to the Group Gathering Facility at Umusadege.
- 8” x 16km line from the GGF to our lact unit at Agip facility in Kwale.
- Valve placement at upstream and downstream of the Ase river crossings – to control/prevent possible spillage.
- A 2-valve tie-in injection manifold at Umusadege – for other marginal field operators in the cluster area.
