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is our imagination.
water assets
via low-risk
activities
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Our Goals
- Add value by increasing oil production with innovative reservoir management and IOR techniques.
- Cost saving programs, new technology when possible
- Low-cost development through patronage of reliable local contractors and by a phased development approach.
- Risk management and controls, offering healthy returns and added value to all stakeholders
- Continuous portfolio optimization and growth, generating a strong cash flow environment
- Bring in strategic partnerships: Including the community where we operate (eliminate sabotage through inclusion)
- Rigorous environmental and social standards (CSR) to meet debt & equity financiers' requirement (prevent tragedy /reputational consequences)
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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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All For Good. Good For All.
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We are geared for business,
equipped for growth and effectivity
Monel Energy boasts over 100 years of cumulative experience, making them a trusted leader in the energy industry. With offices strategically located in Africa, Europe, and the Americas, Monel Energy offers a global reach and local expertise.
10 direct employees managing a suite of contractors
100
Years
Experience
3
Offices
Worldwide
10
Workers