Aradel Holdings PLC 2015 Annual Report with Sustainability Disclosures
The report highlights Niger Delta Exploration & Production Plc's operational and financial performance for the fiscal year 2015. Despite a challenging global oil price environment and pipeline disruptions, the company achieved a milestone of ten years of consecutive uninterrupted oil production from the Ogbele Field, with crude oil production increasing to 1.4 million barrels. Additionally, the company expanded its gas monetization efforts, delivering 12.9 billion standard cubic feet of gas to the Nigeria LNG project, and became the first independent Nigerian oil and gas company to endorse the World Bank's 'Zero Routine Flaring by 2030' initiative. Financially, the company recorded a turnover of 17.06 billion Naira, though it experienced a loss before tax due to the oil price collapse and currency devaluation.
Company: Aradel Holdings PLC
Sector: Mining & quarrying
Country: Nigeria
Year: 2015
Type: Annual Report with Sustainability Disclosures
Pages: 116
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Aradel Holdings PLC
Annual Report & Accounts
The report highlights Niger Delta Exploration & Production Plc's operational and financial performance for the fiscal year 2015. Despite a challenging global oil price environment and pipeline disruptions, the company achieved a milestone of ten years of consecutive uninterrupted oil production from the Ogbele Field, with crude oil production increasing to 1.4 million barrels. Additionally, the company expanded its gas monetization efforts, delivering 12.9 billion standard cubic feet of gas to the Nigeria LNG project, and became the first independent Nigerian oil and gas company to endorse the World Bank's 'Zero Routine Flaring by 2030' initiative. Financially, the company recorded a turnover of 17.06 billion Naira, though it experienced a loss before tax due to the oil price collapse and currency devaluation.
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Document Details
Report Year
2015
Reporting Period
Jan 1, 2015 - Dec 31, 2015
Fiscal Year
2015
Published
Jun 21, 2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees