TRANSCON PETROLEUM LTD

 

Transcon Petroleum Ltd is an indiginous company incorporated to operate in the Upstream and Midstream sectors of  the oil and gas industry in Nigeria, As a member of Transcon Group, it subscribes to the group’s aspirations and values.

It has four divisions:

 

3.1. OIL AND GAS EXPLORATION AND PRODUCTION DIVISION

The company will participate in the next bidding round for a marginal field or invest in existing assets by farming-in. The marginal fields we are interested in are located on land, swamp and shallow waters.

 

 

3.2. REFINERY DIVISION

The Company has plans to establish a modular refinery that will refine a maximum of 5,000 barrels of crude oil a day. Adequate land is being secured in Koko, Delta State, for the refinery; crude oil will be brought to the refinery by vessels. This will be done through a Special Purpose Vehicle (SPV).

3.3. NATURAL GAS PROCESSING DIVISION

The company will gather gas from oil wells and process same to LNG (Liquefied Natural Gas), LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas) and Condensate for local consumption and export. The company intends to do this in collaboration with technical partners. This modular gas processing plant will be located where ever there is associated gas in Nigeria. This will be done through a Special Purpose Vehicle (SPV).

 

3.4. CORPORATE SERVICES DIVISION:

This division includes Finance and Accounts; Human Resource/Administration; Legal; Planning/Strategy; Health, Safety and Environment; Business development and Procurement departments. All purchases of petroleum products and spares are made through the procurement unit.