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UPSTREAM

PETROGRESS, WAY OF BUSINESS EXPLAINS WHO WE ARE AND WHAT WE DO

Our business model relies on being able to deliver oil and petroleum products consistently, safely and responsibly. We maintain a short chain of command to facilitate efficient decision-making, secure advantages in the interest of our Partners and Clients.

SOURCING

Thanks to our innovative sourcing on the place we have achieved important results throughout the areas we operate in West Africa. We negotiate offtake agreements directly with oil producers and suppliers working through our offices, on our locations and representations. We buy and move products more efficiently and invest in assets that benefit our shareholders.

We develop new markets and build solid alliance with our suppliers to reduce the cost and increase the service levels. We work with our suppliers to identify and develop solutions, helping them & optimizing opportunities.

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We combine the core competencies of marketing, logistics, financing, risk management and compliance with the knowledge and insights gained from sustainable supplier and customer relationships.

SALTPOND (GHANA)

With a track record of our strong presence and execution in West Africa, POG is focused on developing two oil field projects; the Saltpond offshore oil field in Ghana, and Nigeria.

Since starting the operations, POG has grown its upstream portfolio, building a strong foundation in a number of West Africa basins. Today POG is negotiating through its partner Lushann Energy with Ghana National Petroleum Company, the Petroleum Agreement for the exploration and oil production of saltpond basin, simultaneously with the rehabilitation and improvement of the oil production platform “APG-1”.

POG’s future plans include bidding for operating contracts on the APG-1 production platform. The currently shut-in platform is located in the Saltpond oil Field where we estimate to produce 500 to 700 barrels per day.

OBE OIL FIELD (NIGERIA)

ONDO OIL FIELD (NIGERIA)

POG CONTINUES REVIEWING NEW VENTURES OPPORTUNITIES AND UPSTREAM ACQUISITION ACROSS AFRICA TO FUEL THE GROWTH OF ITS UPSTREAM PORTFOLIO.

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