Pan Ocean Oil Corporation (Nigeria) Limited

Pan Ocean Oil Corporation (Nigeria) Limited is a prominent player in the industrial and oil and gas sector, with a remarkable track record in the Nigerian energy industry. Established in 1973, the company has achieved significant milestones, including the operation of OML 98 in Joint Venture Participation Agreement with NNPC and the successful exploration and development of OPL 275, now known as OML 147. Notably, Pan Ocean has demonstrated its commitment to Nigeria's domestic gas supply obligation through initiatives such as the Gas Sale Aggregation Agreement (GSAA) with PHCN and the development of the Ovade-Ogharefe Gas Plant (OOGP) to eliminate gas flaring. Moreover, Pan Ocean has made considerable strides in environmental sustainability by achieving zero gas flaring and gaining full compliance with the Carbon Credit Scheme of the UNFCCC through the OOGP, which is recognized as the biggest Clean Development Mechanism (CDM) project in West Africa. The company's innovative approach is further evident in the Amukpe Escravos Pipeline (AEP), utilizing horizontal Directional Drilling technology (HDD) to provide an alternative export route for Nigerian crude. The company's achievements reflect its role as a pioneering force in the Nigerian energy sector. As a 100% Nigerian-owned entity, Pan Ocean affirms its commitment to the country's energy landscape, encompassing executive management to field operations. With its extensive experience, strategic initiatives, and sustainable practices, Pan Ocean presents an attractive opportunity for potential investors seeking to engage with a dynamic and impactful player in Nigeria's oil and gas industry.