History

The Nigerian Petroleum Development Company Limited (NPDC) with Head office in Benin City and base offices/warehouses in Port Harcourt and Warri for logistics support was established in 1988 as a wholly owned subsidiary of the Nigerian National Petroleum Corporation (NNPC) with responsibility for Petroleum Exploration and Production activities.

 

NPDC activities cover the spectrum of the upstream Oil and Gas business. Operations are concentrated mainly in the Niger Delta and span five States (Imo, Edo, Delta, Bayelsa and Rivers) with over Two Hundred and Fifty-Seven (257) host communities.

Its Vision to be Nigeria’s leading E&P company with significant global presence NPDC mission is to become an oil and gas company operating responsibly, delivering value to stakeholders and applying the best industry practices and technologies

NPDC has a Board of Directors, a Managing Director and five Executive Directors in charge of the five divisions (Operations, Joint Ventures, Services, Finance & Accounts and Technical Services).

Our accomplishments so far:

  •   Involved in 28 Concessions (21 OMLs & 7 OPLs)

             100% ownership of five (5) blocks: OMLs 64, 65, 66, 111 & 119

              60% participatory interest in (4) blocks: OMLs 60, 61, 62 & 63

              55% equity in nine (9) blocks: OMLs 4, 26, 30, 34, 38, 40, 41, 42 & 55            

              Varied interest in seven (7) deepwater concessions

              Non-equity operations in 3 blocks (selected NNPC JV fields)
  • Currently  the 5th Largest Producer in the Country
  • Owns & operates the 7th Largest FPSO in Nigeria (FPSO Mystras)
  • Commenced total  delivery of over 600 Million Standard Cubic Feet wet gas per day (MMSCFD)  to the domestic market