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Aradel Holdings Plc: A Year of Significant Achievements in 2024

Adegbite Falade

By William Emmanuel Ukpoju

radel Holdings Plc, a leading energy company in Nigeria, has made remarkable strides in 2024, achieving significant milestones demonstrating its commitment to growth, sustainability, and excellence. On a remarkable note, Aradel Holdings Plc has successfully re-entered Well 2ST in the Omerelu Field, resulting in the attainment of First Oil on May 31, 2024. This achievement marks a major step forward in the company’s operations, enhancing its production capabilities and contributing to its growth and sustainability goals. The well re-entry was part of Aradel’s 2024 Exploration and Appraisal Drilling Campaign, aimed at developing and optimizing existing assets. The company employed cutting-edge technology and innovative methodologies, ensuring highest safety standards and environmental stewardship.

According to Adegbite Falade, CEO/Managing Director of Aradel Holdings Plc, “This milestone reinforces our strategic vision of delivering sustainable energy solutions that support economic growth. We are grateful for the support of our stakeholders, including vendors, local communities, regulatory agencies, and our dedicated employees, who played a crucial role in overcoming the challenges associated with this project.”

The Omerelu Field, located 42km north-west of Port Harcourt in Rivers State, Nigeria, was acquired by Aradel Energy Ltd in 2014 from the NNPC/Chevron Joint Venture. With this achievement, Aradel Holdings Plc demonstrates its commitment to resource development and growth, further solidifying its position in the energy sector.

Throughout its operations in 2024, Aradel Holdings Plc prioritized safety and environmental stewardship, adopting the highest standards to ensure the well-being of its employees, contractors, and the communities in which it operates. The company received necessary regulatory approvals for well testing, paving the way for the conversion of the Omerelu Field’s Petroleum Prospecting Licence (PPL) to a Petroleum Mining Lease (PML). Adegbite Falade, played a crucial role in driving the company’s achievements in 2024. His leadership and vision have been instrumental in fostering collaboration among stakeholders, including vendors, local communities, regulatory agencies, and employees. Aradel Holdings Plc’s achievements in 2024 demonstrate its commitment to sustainable energy solutions, growth, and excellence. As the company continues to navigate the complexities of the energy industry, its focus on innovation, safety, and stakeholder engagement will remain essential to its success. With a strong foundation established in 2024, Aradel Holdings Plc is poised for future growth and success.

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