Our Company Policy
The Board is responsible for providing leadership for the company and its investments. It ensures that the right strategy and controls, together with appropriate financial and human resources, are in place in order to deliver value to stakeholders and to the wider community. It also sets standards for ethical behaviour and for monitoring Environmental, Social, Governance, Health and Safety performance;
The Board formulates strategy and monitors the operating and financial performance of the company. It operates in accordance with a written schedule of matters reserved to the Board, a copy of which is available upon request. This schedule is backed by clearly defined written limits of delegated authority across the company. Key Matters reserved to the board include Authorisation of significant transactions; Internal controls and risk management; Remuneration; Treasury policy and significant fundraising; and Appointment/Removal of Directors and Company Secretary;
The desired outcome is to develop viable and bankable projects thus achieve commercial and financial close in line with associated condition precedents, equity and debt project financing to cover capital and operational expenditure. The outcome is underpinned by our firm's desire to generate long term competitive financial returns on investment, enough to cover its cost of capital, profitably grow its operation, generate enough cash to meet obligations and pursue opportunities, thereby leading to positive societal-impact. We approach every project as a longterm partnership where we work closely and cooperate with clients and investors to build long termvalue that are sustainable and hold potential for continual growth.
Seven Oceans Oil and Gas Limited provides a range of products and services for application throughout the entire energy value chain that are designed and developed in accordance with ISO 9001:2015 quality management guidelines and standard. These products are fabricated in a controlled environment, assembled and tested in modern factories, using proven field designs. The rigorous factory testing of our products before shipment to our client’s site, allows for faster installation, reduced field labour cost and early project start up;
Therefore for clients looking to start earning revenue at the early stage of a project life cycle, we meet and exceed their demands in more than one way. The company has also in place, a quality control and assurance business unit, which ensures all our business units and operations, complies with industry best practices and international standards. Our products and services are specifically tailored to each client’s need, paying attention to availability, durability, reliability, efficiency and cost effectiveness;
Similarly, a four-step management system of planning, executing, monitoring and reviewing of our business processes is applied in delivering specialized services to our esteemed clients. A copy of our quality management system and project management manuals are available upon request.
The company places a premium on health, safety and environment protection, in its activities and has put in place, a well articulated health, safety and environmental protection policy. This is anchored on the need to take proper care of the health and safety of our employees and thirdparty stakeholders, with proper regards to the conservation of energy and the environment;
In line with this policy, the company has planned it activities and operations to prevent injuries and ill health to employees and the surrounding community, prevent damage to our firm and client’ assets, control and minimize any negative impact on the environment, avoid & eliminate future liabilities, while meeting requirements for demonstrable diligence, associated with a continuous implementation and improvement of its health, safety and environment protection policy;
This is further reflected by our company’s founding philosophy of cost saving from the economies of scale of our operations, the efficiency and effectiveness of our business processes and the conservation of energy and protection of environment by reducing emission of green house gases into the atmosphere from our operations. Seven Oceans Oil and Gas Limited, is the future organization in delivering on the challenges facing the country in general and the industries we serve.
Department of Petroleum Resources [DPR]; Licenced in Specialised Category
Nigeria Petroleum Exchange [NIPEX]
Nigeria Social Insurance Trust Fund [NSITF]
Industrial Training Fund [ITF]
Pension Commission [PENCOM]
Council for The Regulation of Engineering in Nigeria [COREN]
Contact Us Today
Want to know more? Fill the form below and we would get back to you.