Lodamun

[imperialpearl]

Continuing on the company’s outward expansion, North Seleyan Petroleum (NSP) has announced its intentions to enter the lucrative Nadiyan crude oil and natural gas market, thus bringing its intentions full circle. In a press statement issued earlier this week, the company’s President and CEO Calvin Huber stated that the company had been eyeing an entrance into the Nadiyan energy, as an integrated crude oil and natural gas company, for the better part of several decades, however amidst the nation’s tumultuous internal conflicts and political turmoil, the investment decision had been placed on an indefinite hold. According to Huber, with normalcy returning to the nation, the company’s board agreed that it was indeed time to re-enter the bid. The company has noted that it intends to acquire the now defunct Neftkomp (Trigunianskaya Neftyanaya Kompaniya), the once behemoth energy company based in the former Rodshyadam, to act as its administrator in Nadiyan. Since the collapse of the previous political order, Neftkomp has undergone significant administrative, managerial and organisational changes, which have rendered the company a shell of its former self. Having been broken up by successive governments, much of the company’s assets have either been sold off or transferred to other, much newer entities, namely “Nadcomp”, the new state-owned petroleum company of Nadiya (formerly Trigunia). Nonetheless, Huber has noted that Neftkomp being a “husk” provided the company’s future directors with a unique opportunity to shape the company’s trajectory from the ground up. “In entering the Nadiyan energy market, we are committing to bringing a sense of quality that is seemingly missing among the major players who have become complacent. We will shake up the market here for the better,” Huber explained.

Huber noted that the acquisition is likely to hover around 13 billion LOD. Although the company has held its cards close, Neftkomp’s future prospective CEO, Denis Polyakov, has stated that the first order of business would be obtaining a license to operate in the Nadiyan shelf alongside constructing an oil well. Part of the 13 billion LOD valuation speaks to existing infrastructure, namely a refinery and fuel bunkering facilities, both of which, according to assessors, are indeed of significant re-investment. Polyakov noted that part of the future Neftkomp’s ambitions would be transforming the company into an integrated crude oil and natural gas company. This would ultimately mean that the company would not only operate in the upstream sector but also in the middle and downstream. In its basic terms, it would provide the company with a unique resilience, which, both Huber and Polyakov noted as missing from the Nadiyan crude oil and natural gas market, pointing to the pre-existing market structure wherein separate companies operate within the respective streams, ultimately palming off production in one sector to another. Once the company has secured its license to operate in the Nadiyan shelf, Polyakov has noted that it would be able to bring its first oil well online after conducting seismic surveys. Beyond this, Polyakov noted that the company had ambitions beyond simply extracting value-added from Nadiya, pointing to apprenticeship programs and a “culture fund”, which the company would use to invest in cultural events and buildings throughout the country as part of its obligations under CSR (corporate social responsibility).