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Mobil Producing Nigeria recognized with highest investment JV company award

Mobil Producing Nigeria (MPN) Unlimited, an ExxonMobil affiliate company in Nigeria has been honored with the Highest Investment JV Company Award for 2015 at the BusinessDay-Oval Energy Oil & Gas roundtable and awards held recently at the Civic Centre, Lagos.

The BusinessDay-Oval awards, organized by Businessday Newspapers in collaboration with Oval Energy Limited recognizes deserving oil and gas companies that have respectively demonstrated excellence in operational activities and positively impacted the entire value chain of the industry from major to marginal players/service companies in Nigeria.

According to the awardees, MPN came top among Chevron Nigeria, Nigerian AGIP Oil Company and Total E&P Nigeria Limited to win the coveted award due to its huge investment in seismic activities, storage of 9000 JV seismic data tapes, rig count, well drilling and excellent business operations of approximately $1.5 million in direct exploration and production in the year under review.  Part of the considerations include MPN's recent completion of OML 104 APSDM, which emerged the largest seismic project compared to other nominees.

Commenting on the award, Nolan A. O'Neal, Lead Country Manager and Chief Executive Officer, ExxonMobil affiliates, Nigeria said, "We are very delighted to receive the Highest Investment JV Company of 2015 Award. This is another acknowledgement of the value we bring to Nigeria in terms of our investment and practices. We believe in the principle of excellence, and we will continue to reflect excellence in all our operations and business processes.”

The awards which is the second edition in the series, is conducted after extensive research by BusinessDay Research and Intelligence Unit using different parameters on all companies involved in the upstream and downstream sectors of the oil and gas industry.