Aradel Holdings PLC 2017 Annual Report with Sustainability Disclosures
The report highlights Niger Delta Exploration & Production Plc's strong financial and operational performance in 2017, achieving a 90% increase in revenue to N33.8 billion and a 200% increase in profit after tax to N24.5 billion. Operationally, the company recorded a 7% increase in crude oil production to 1.76 million barrels and a 27% increase in gas production to 14.3 billion standard cubic feet. Notably, the company celebrated delivering a cumulative 50 billion standard cubic feet of gas to the Bonny NLNG since 2012. Additionally, the company continued its Ogbele Refinery capacity expansion project, with Train II commissioning scheduled for late 2018, and maintained its commitment to zero workplace fatalities and lost time injuries.
Company: Aradel Holdings PLC
Sector: Mining & quarrying
Country: Nigeria
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 138
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Aradel Holdings PLC
Annual Report & Accounts
The report highlights Niger Delta Exploration & Production Plc's strong financial and operational performance in 2017, achieving a 90% increase in revenue to N33.8 billion and a 200% increase in profit after tax to N24.5 billion. Operationally, the company recorded a 7% increase in crude oil production to 1.76 million barrels and a 27% increase in gas production to 14.3 billion standard cubic feet. Notably, the company celebrated delivering a cumulative 50 billion standard cubic feet of gas to the Bonny NLNG since 2012. Additionally, the company continued its Ogbele Refinery capacity expansion project, with Train II commissioning scheduled for late 2018, and maintained its commitment to zero workplace fatalities and lost time injuries.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Published
May 21, 2018
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