Neconde Energy Limited is a Local exploration and production company. Neconde consurtium bought the OML42
OML 42 is a large oil concession containing previously-discovered oil fields in the Niger Delta area onshore Nigeria. The remaining 55 per cent participating interest in OML 42 is currently held by the Nigerian National Petroleum Corporation’s exploration and development unit, Nigerian Petroleum Development Company Limited (NPDC), which is the operator of the block. The current joint venture is made up of Neconde and NPDC.
