As you are aware, the novel coronavirus COVID-19 pandemic is spreading across all countries of the world. Some have been more severely impacted than others. Consequently, the World Health Organisation (WHO), Federal and State governments in our areas of operations have come up with measures aimed at containing and controlling the spread of the virus. These measures are achieving various degrees of success.

As a responsible organisation, we must be proactive in the drive to curtail the spread of the virus and protect our most vulnerable. At this stage, more stringent steps have to be taken to further protect employees. To this end, the company has rolled out a number of measures to protect employees and the business using our COVID-19 management protocol.

These measures include limiting office-based employees to only the most critical duties while others will work remotely. Additional measures have been applied at our field locations to ensure our staff observe social distancing and remain safe. I appeal to all employees to comply with preventive procedures and best hygiene practices recommended by WHO, National Centre for Disease Control (NCDC) as well as directives and guidelines from both state and federal health ministries.

We are strongly encouraged to access and use only genuine information platforms and phone numbers published for emergencies where they occur and observe recommended preventive measures including social distancing, regular hand-washing and where it becomes necessary, self-isolation. The self-isolation guidelines issued by the NCDC on March 18, 2020 is available online and on their website; it should serve as a reference material for all of us.

I am hopeful that these measures will yield desired results as we work together towards containing the COVID-19 pandemic.

Accept my best wishes and stay safe.

The equity and economic interests of all stakeholders will be protected as Pan Ocean Oil Corporation (Nigeria) Limited hands over OML 98 to the Nigerian Petroleum Development Company (NPDC) Ltd. The Board and Management of Pan Ocean have reiterated commitment to the smooth transfer of OML 98 to the NPDC.

As an organisation with over 40 years’ experience in oil & gas exploration and production, Pan Ocean has engaged in economic activities in OML 98, creating employment, contributing to the development of critical oil and gas assets and improving the quality of life in neighboring communities.

Notwithstanding the asset transfer, Pan Ocean’s midstream assets- Ovade Ogharefe Gas Processing Plant and Amukpe Escravos Pipeline will be critical to continuous development of OML 98. Pan Ocean remains committed to the welfare of her employees, the safety and sustainability of operations and the growth of the Nigerian economy. As the ownership of OML 98 changes, Pan Ocean will work with all stakeholders to assure that operational activities at OML 98 are not hampered in any way.

The board and management of Pan Ocean equally acknowledge the steadfast support of the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva, the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources for the support and responsiveness shown during the transfer process period.
Pan Ocean is optimistic about the future and will be focused on new opportunities and frontiers.

Pan Ocean Oil Corporation (Nigeria) Limited announced that it had completed three key projects that to significantly boost infrastructure in the Nigerian oil and gas industry. These projects are : Amukpe-Escravos Pipeline Project, Ovade-Ogharefe Gas Processing Plant Phases I and II and OML 147 Early Production Facility at Owa-Alidinma

Pan Ocean Oil Corporation (Nigeria) Limited announced on Sunday that it had completed three key projects, comprising a crude oil pipeline, a gas processing plant and a production facility.

The company said the projects would significantly boost infrastructure in the Nigerian oil and gas industry.

The technical start-up and unveiling of the projects, namely Amukpe-Escravos Pipeline Project, Ovade-Ogharefe Gas Processing Plant Phases I and II and OML 147 Early Production Facility at Owa-Alidinma, are scheduled for June, according to a statement.

Pan Ocean is the contractor for Oil Mining Lease 147 in production sharing contract with the Nigerian National Petroleum Corporation.

According to the statement, the Amukpe-Escravos Pipeline is a 67-kilometre X 20 inch, a low-risk underground pipeline that will evacuate crude oil from Amukpe to Escravos Export Terminal, with the capacity to deliver 160,000 barrels of oil per day.

Pan Ocean said the pipeline was designed to minimise vandalism and mitigate the loss of revenue to the Nigerian government and oil and gas companies operating in the northern fringe of the Niger Delta, describing it as the longest of its kind in Africa.

It said the Ovade-Ogharefe Gas Processing Plant would supply lean gas to the NIPP power plant located at Ihovbor, Edo State, and liquefied petroleum gas to households across Nigeria, with a processing capacity of 200 million standard cubic feet per day and 29 storage tanks.

The OML 147 Early Production Facility is expected to process 11,000 barrels of crude oil and 90 million standard cubic feet of gas daily when fully operational, according to the statement.

The General Manager, OML 147 Asset, Mr Collins Akinkugbe, said, “With the support of our joint venture, financial and technical partners, our team delivered these world-class projects safely and with the highest consideration for environmental impact.