Aradel Emerges Best Fully Integrated Energy Firm at NIES Awards

By Adedapo Adesanya

Local oil and gas investment giant, Aradel Holdings Plc, has won the Best Fully Integrated Energy Company of the Year Award at the just-concluded 7th edition of the Nigerian International Energy Summit (NIES) 2024 energy industry awards.

The prestigious NIES award is a highlight in the energy industry calendar that recognises individuals and organisations that have established themselves through technical contributions, professional excellence, industry leadership, career achievements, and a commitment to fostering Nigerian content.

The awards honour those who have demonstrated the ability to envision innovative solutions that not only transform lives and communities but also contribute to Nigeria’s collective success through excellence.

It was presented after a rigorous online selection process where candidates are initially nominated by industry stakeholders, with the nominees then being collated and shortlisted to the top five for each category.

Finally, industry stakeholders vote online to determine the overall winner in each category.

Commenting on the award, Mr Adegbite Falade, Managing Director/CEO of Aradel Holding Plc said, “This award is a result of Aradel’s relentless pursuit of technical excellence, profitability, cutting-edge technologies, strategic partnerships, and unwavering adherence to safety standards. Aradel Holdings remains committed to delivering sustainable energy solutions that support economic growth.

“We have already embarked on our listing journey which will see us listed on the Stock Exchange, and also expect to commission our PMS train in 2024. We are focused on our quest to remain a resilient company that adapts and positions itself for sustainability in the future.”

The award was presented to Aradel at the NIES gala dinner and awards night at the State House banquet hall.

Formerly the Niger Delta Exploration & Production (NDEP) Plc, the firm rebranded into Aradel Holdings Plc as part of its strategic consolidation to drive sustainability and transformation in the oil and gas sector last year.

Aradel, now a fully integrated energy company with interests in multiple oil and gas assets in Nigeria, said the essence of the new corporate identity was to better reflect its long-term strategy of becoming Africa’s leading organization in the delivery of sustainable energy solutions that support economic growth.