Home Subsidiaries CENTURY EXPLORATION AND PRODUCTION LIMITED (CEPL)

CENTURY EXPLORATION AND PRODUCTION LIMITED (CEPL)

Home Subsidiaries CENTURY EXPLORATION AND PRODUCTION LIMITED (CEPL)

CENTURY EXPLORATION AND PRODUCTION LIMITED (CEPL)

by CENTURYENERGY

CEPL is one of CG’s principal responsible for harnessing, developing exploration and production opportunities available to indigenous companies in Nigerian and internationally.

CEPL is presently in discussion with dormant Marginal Field Operators for Farm-in-Agreement of their hydrocarbon assets. The responsibility of administering CEPL and the achievement of its vision lies with the management team comprising of highly experienced and skilled professionals mainly in the oil and gas industry. A professional board carefully chosen to add value to the company’s activities oversees the broad corporate governance issues of the company.Established in 2008 in response to the Nigerian Government’s initiative to develop and drive Nigeria’s independent Oil and Gas sector through indigenous participation in the exploration and production subsector of the industry. Recently, we achieved a milestone by executing a 35% farm-in agreement with Bayelsa State Oil Company for the development of the state-owned Atala (OML 46) marginal field.

CEPL recently delivered the Atala-1 well (Atala Field situate in OML 46, South-west Bayelsa State) after a successful re-entry and initial completion operations, with a production potential circa 5,000 bopd.
CEPL also leverages on the experience of its sister company, Century Energy Services Limited, CESL, in the execution of our obligations.
Exploring E & P opportunities in Ghana, Uganda, Garbon, Sierra Leone and Liberia.

GUIDING PRINCIPLES

We conduct business by the rules and regulations of global best oilfield practices. We excel in safety, environmental and social responsibility, putting a premium on people in and around our operating communities. We build trust and promote accountability. We develop positive relationships with our host communities for the benefit of the Nigerian National Economy. We execute our projects with prudent environmental management through a compromise of the pursuit of economic growth and restrained exploitation of environment resource. We strive for long term sustainable practices in matters of the environment, health and safety excellence.