upstream
Bayelsa Oil
Company Limited - Upstream
BOCL upstream looks forward to exciting times ahead. Our goal is to become an active player in the upstream sector by developing our upstream assets [Atala – OML 46 & OPL 240]. Further growth is expected to be achieved by:
- Procuring oilfield concessions as they become available.
- Growing as the industry flourishes – as larger oilfields are discovered, big players continue to downgrade previous finds for acquisition.
- Entering into Production Sharing Contracts via funding of already producing assets that need more resources to scale their production.
- Acquiring distressed assets (mainly those lacking finance or operational capability to bring on stream).
- Reworking matured or bypassed reserves with new technology.
BOCL is in partnership with exploration and production firms with various levels of expertise to guarantee success
Vision
To position Bayelsa Oil Company Limited as the foremost State Government owned / independent Oil Company in Nigeria and be amongst the top oil companies in the world by providing value added products and services to the satisfaction of our clients and stakeholders.
Mission
To establish and nurture an integrated Oil and Gas Company that will not only operate in the Upstream and Downstream sectors of the Oil and Gas industry in Nigeria and beyond but compete favorably with other Oil & Gas companies.
Core Values
DEPENDABILITY
COMMITMENT
HONESTY
SERVICE TO OTHERS
ENVIRONMENTALISM
BOCL - ABOUT US
A registered Exploration and Production Company in the Federal Republic of Nigeria,...
Marine Services
Our business principles places high premium on the application of world standards and best practices
Our Partners
