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is our imagination.
water assets
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activities
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Our Goals
Driving Production & Efficiency
- Boosted Oil Production through Innovation: We add significant value by increasing oil production through cutting-edge innovative reservoir management and Improved Oil Recovery (IOR) techniques. Our approach maximizes asset potential and delivers superior returns.
- Strategic Cost Savings & Technology Integration: We implement rigorous cost-saving programs and strategically adopt new technologies whenever feasible, ensuring operational efficiency and long-term sustainability.
- Low-Cost, Phased Development: Our strategy for low-cost development involves leveraging reliable local contractors and employing a phased development approach. This minimizes upfront capital expenditure and optimizes project economics.
Risk Management, Returns & Growth
- Robust Risk Management & Stakeholder Value: We apply comprehensive risk management and control measures across all operations, designed to offer healthy returns and added value to all stakeholders.
- Optimized Portfolio for Strong Cash Flow: Through continuous portfolio optimization and growth, we actively generate and maintain a strong cash flow environment, ensuring financial stability and opportunities for expansion.
Strategic Partnerships & Sustainable Operations
- Inclusive Community Partnerships: We actively foster strategic partnerships with the communities where we operate. This inclusionary approach is key to eliminating potential issues like sabotage, ensuring smooth operations and mutual benefit.
- Rigorous Environmental & Social Stewardship: Our commitment to rigorous environmental and social standards (CSR) not only meets but exceeds the requirements of debt and equity financiers. This proactive stance prevents potential tragedies and safeguards our reputational standing, ensuring responsible and sustainable growth.
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Short Term
Acquire onshore/shallow water assets and improve oil recovery via our inhouse cost reduction turn around (TAR) expertise:
- Adopt Agile Methods
- Identify and fill production growth opportunities
- Implement smart Well Work procedures
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Mid Term
- Increase asset portfolio, maximise hydrocarbon production and recovery from its existing assets
- Grow value base by acquiring and farming into fruitful opportunities (onshore and shallow water offshore) in Nigeria . These opportunities must generate profitable production and cash flow
- Adopt risk mitigation and management controls to our acquisition strategy
- Ensure all our operations adhere to a sustainable environment with a net zero target
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Long Term
Increase reserves via low-risk activities, diversify and transition towards more gas development & utilization :
- Reserve replacement potential.
- Harness gas developments, contribute immensely to meet domestic supply obligations/power projects, fulfill our quota to aid Nigeria increase power generation capacity and industrialization
- Welcome exploration activities
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Highlighting Global Reach & Efficiency
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We are geared for business,
equipped for growth and effectivity
Monel Energy: Over a Century of Energy Leadership.
With over 100 years of cumulative experience, Monel Energy stands as a trusted leader in the global energy industry. Our strategically located offices in Africa, Europe, and the Americas ensure both global reach and invaluable local expertise. We combine this extensive experience with a lean, efficient model, where our direct employees expertly manage a comprehensive suite of contractors to deliver top-tier results worldwide.
100
Years
Experience
2
Offices
Worldwide
8
Workers