Exploration and Production
In 2014, NewcrossEP emerged as the successful bidder of OML 24 and acquired a 45% participating interest in the block hitherto managed under the NNPC/SPDC Joint Venture arrangement.
The OML is a prolific, producing oil and gas resource block that covers over 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.