About Us

Our vision is to solidify our position as a recognised energy leader through innovation, sustainability, and regional growth.

Our History

We are focused on our growth potential

we have leveraged on our head start against other indigenous oil explorers to build a professionally run organization with high-end service delivery and responsible community development portfolio.

Pan Ocean Oil Corporation (Nigeria) Ltd. was incorporated in 1973 as an exploration and production company and commenced operations in August 1976 at the Ogharefe field of OML 98. At that time Pan Ocean was in Joint Venture with the Nigeria National Petroleum Company (NNPC), on-shore the northern fringe of the Niger Delta after its Oil Prospecting License OPL – 71 was converted to Oil Mining license OML-98 on December 01, 1975.

In 2007, Pan Ocean purchased another block, OPL 275 to be developed as a Production Sharing Contract (PSC). When OPL 275 comes on stream, it will increase the present production volumes.

Pan Ocean is a trailblazer in the bid to achieve the gas flare out objective of the Federal Government. Since 1984, Pan Ocean went ahead with its initiative on gas utilization despite the challenges of an under developed Nigeria Gas Market.

Pan Ocean Oil Corporation (Nigeria) Ltd. has experienced rapid growth since its inception in 1973. We were the first indigenous company in joint venture relationship with the national oil company of Nigeria, Nigeria National Petroleum Corporation. We are also among the leading exploration and production companies in Nigeria, and we continue to experience rapid growth.

At Pan Ocean, we have leveraged on our head start against other indigenous oil explorers to build a professionally run organization with high-end service delivery and responsible community development portfolio.

We are focused on our growth potential, carefully studying emerging businesses in the oil & gas industry. In all, we are poised to become a leading light in the oil industry as we steadily pursue our goals.

Our mission is to deliver sustainable energy solutions that foster growth and create shared long-term value for stakeholders.

Core Values

Doing business with the best ethics and professionalism

We pride ourself in carrying out our operations and dealings ethically and professionally

Integrity upholds the unity of a group; it is the backbone of our efficiency. We are therefore committed to doing business with the best ethics and professionalism.

At Pan Ocean, our staff are expected to be of high moral standing. We believe a person’s character is ultimately defined by what he does when no one else is around. Pan Ocean prides itself in carrying out its operations and dealings ethically and professionally. Integrity at Pan Ocean is executing all corporate social obligations and goals set out to the business or its neighboring communities with unshaken uprightness. Those not upholding their responsibility in the work environment corrupt team unity.

Resilience

We persistently overcome challenges, adapt to change, and thrive in adversity, drive our success and ensuring long-term business sustainability.

Innovation

We continuously and intentionally explore new ideas and approaches, pushing the boundaries to deliver innovative energy solutions for a rapidly evolving world

Safety

We prioritise the well-being and security of our employees, partners, and communities, fostering a culture of safety as a foundation upon which we build trust and sustain our operations

Excellence

We relentlessly pursue excellence throughout our business, striving for superior performance and operational efficiency, in pursuit of giving value and exceeding the expectations of our stakeholders.

Sustainability

We are committed to a sustainable future, integrating the highest environmental, social and governance standards to ensure responsible energy production.