Pan Ocean Oil Corporation (Nigeria) Limited

Pan Ocean was until April 2019 operator of the OML 98 in Joint Venture Participation Agreement with NNPC. Awarded OPL 275 during the 2007 bid round completed exploration phase in March 2013, and is the first company to achieve OPL conversion to OML in the class of 2007 Bid Rounds as well as the first to fully explore and develop. The asset now OML 147 achieved hydrocarbon facility test run in January 2019. In a bid to meet Nigerias domestic gas supply obligation. Pan Ocean was the First Company to aggressively pursue the commercial road map leading to signing of first ever Gas Sale Aggregation Agreement (GSAA) with the Power Holding Company of Nigeria (PHCN), management of Egbin Power Plant on behalf of the Federal Government of Nigeria in June 2010 ahead of all of its contemporaries. In the same vein, Pan Ocean initiated the development of the Ovade-Ogharefe Gas Plant (OOGP) in 2006 with the objective to eliminate gas flaring by gathering & compressing associated gas from ...