Seven Oceans Oil and Gas Limited incorporated in 2009 is committed to provide affordable and sustainable energy solutions.
At Seven Oceans our mission is to become a leading provider of clean and affordable energy and related services that is required to advance global prosperity in West Africa in the medium term and globally in the long term.
Our vision is simple, to become leaders in the provision of affordable and sustainable energy and related services while working in a very dynamic and positive global environment. Our success is derived from the commitment that we have towards our customers, employees and community through innovation and strategic partnerships and collaborations to achieve more and reach further.
The oil and gas industry plays a critical role providing the energy that supports economic growth and improves the quality of life for billions of people around the world. In the coming decades, populations are projected to grow and the middle class will continue to expand, dynamics that will further the demand for energy.
Global growth is projected at negative 4.9% in 2020,due to the ongoing COVID-19 pandemic. While growth could be stronger if reduced trade tensions mitigate uncertainty associated with the pandemic, the balance of risks is to the downside. A steep productivity growth slowdown has been underway in emerging and developing economies since the global financial crisis, despite the largest, fastest, and most broad-based accumulation of debt since the 1970s.
These circumstances add urgency to the need to rebuild macroeconomic policy space and undertake reforms to rekindle productivity that invariably would require significant investment and new production in the energy sector. Increased demand for energy due to growing population and middle class will impact emission levels hence the need to continue to pursue innovative ways to produce clean, reliable and affordable energy to mitigate the risks of climate change.
Seven Oceans Oil and Gas Limited would help address these challenges through the responsible exploration and production of oil and gas resources; clean and renewable energy resources while providing associated support services in politically stable economies that help customers reduce their emissions, improve energy efficiency, advance public policy solutions such as Paris Agreement as a global framework to coordinate Government policies while responsibly managing our environmental, social and governance performance.
Engr. Samuel Alabi