Of the four Nigerian owned, acreage holding producers who inject their crudes into the Nembe Creek Trunk Line (NCTL), Newcross E&P Ltd has emerged the one with the truest grit.
In August 2022, it exited the line, which has lain prostrate since 2021 and contracted a shuttle tanker MV Bryanston, to ferry its barged crude to the Bonny Terminal.
Since its December 2022 gross output of 5,074BOPD (Net-2,283BOPD) from the Oil Mining Lease (OML) 24, Newcross has maintained gross production higher than 10,000BOPD for the entire…
