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Triconex Petroleum Limited is an independent oil and gas exploration and production company with a principal focus on global operations. Our business model is to generate sustainable long-term value in all stages of the value chain. We have developed the capacity and competence to take exploration success through to the production phase. This is clearly demonstrated with our safe completion of projects, on schedule and on budget.

 

To grow a profitable upstream exploration and production company, focused on core areas in a safe and environmentally responsible manner for the long-term benefit of our shareholders and society.

To help meet the world’s energy demand by developing accessible and affordable energy for future generations, and to do this in a safe and environmentally responsible way.

  • At Triconex Petroleum Limited, we are pursuing the following strategy:Proactively investing in exploration to organically grow its reserve base. Triconex Petroleum Limited has an inventory of drillable prospects with large upside potential and continues to actively pursue new exploration acreage in core areas…..

    Growing its existing asset base with a proactive subsurface strategy to enhance ultimate hydrocarbon recovery.

    Acquiring new hydrocarbon reserves, resources and exploration acreage where opportunities exist to enhance value.

Our approach

We seek to achieve excellence wherever we operate and applies the same professional and responsible approach to people, the environment and society as we do in our search for oil and gas. Fossil fuels continue to make up a large part of the world’s total energy consumption, and will continue to do so for the foreseeable future, and in this context it is important to utilise the world’s limited resources in the most efficient and sustainable way possible. Our success has been made possible by a talented and experienced work force and by using the best available techniques, but our continued growth will depend on continuous improvement of our sustainable practices. Our commitment has always been, and remains, to put the health and safety of our people first, to protect the environment and to seek innovative solutions to increase energy efficiency and reduce greenhouse gas emissions in all our activities. We are part of a sustainable energy future, and we are committed to align with industry best practice and adhere to internationally recognised principles for corporate citizenship.

Our People

At Triconex Petroleum Limited, our people are our key resource in unlocking opportunities.The oil and gas industry is experiencing challenging times due to the volatile macroeconomic environment and low oil prices, which has led to a reduction in investments and created significant uncertainty in our sector. In this context, we believes in continuing to attract and maintain a talented and innovative work force that makes sure we deliver our business objectives. We have been very successful over the years in attracting and retaining the best possible talent in the industry, thanks to our dynamic and entrepreneurial working environment and our focus on high-performance. As the business continues to grow it is this base of world class employees that will help drive our transformational growth to the next level. We also employs a large number of contractors and consultants which gives the Company the flexibility to swiftly adapt manpower resources to match activity levels.

HEALTH, SAFETY AND ENVIRONMENT (HSE)

At Triconex Petroleum Limited, health and safety is our priority, hence, in all of our operations, health and safety comes first. As an oil and gas company, we operate in an industry exposed to safety risks and accidents can potentially occur anywhere and at any time. In this view it is our responsibility to avoid incidents and accidents by identifying and mitigating potential risks in order to provide our staff and contractors with safe and healthy working conditions. Specific policies, processes, procedures and work practices have been put in place to ensure that this responsibility is being met and that risks are minimised.

 

Safe work place: We ensure safe working conditions through:

  • Proactive management
    Robust HSE framework in place that applies to all personnel
  • Proactive approach to identify potential hazards
  • Prevention or mitigation measures put in place early
  • Ability to stop work in case of unsafe conditions

Systematic reporting

  • Regular reporting of Key Performance Indicators (KPIs)
  • Investigation of all incidents and near misses with high potential
  • Sharing of experiences, lessons learned and best practice throughout operations 

Empowerment

  • Empowering personnel to personally take responsibility for performing their work safely
  • Competence and sound judgment
  • Training and guidance
  • Constant vigilance
  • Channels to openly raise concerns and report risks

Environment

Protecting the environment throughout all stages of operations. We are committed to minimise the impact of its activities on the surrounding natural environment. Every site, from onshore fields to offshore activities, has its own natural characteristics and sensitivities. Respect and dedication to preserving our common natural environment is very important to us at Triconex Petroleum Limited. Extensive environmental baseline and impact studies are performed prior to and during any exploration or production activities, in order to ensure protection of the environment. These requirements are set out in our HSE Management System and apply to all countries of operations, which perform environmental studies in compliance also with national and local laws and regulations.

Oil Spills

Oil spills represent a potential risk during oil and gas activities. The environmental impact of an offshore oil spill will depend on a number of factors which include the quantity and nature of the oil spilled and its behaviour at sea; the weather conditions and season; the method used for the clean-up response and the ecological nature. Oil spilled at sea will break up and will disperse into the marine environment over time. This dissipation is the result of several weathering processes, including evaporation, dispersion, dissolution, emulsification, sedimentation and sinking and biodegradation. Experience at the Sea has shown that, because of the natural processes, there is very little risk that oil spilled from an offshore location will reach and impact a shoreline. However, this does not remove the need for good oil spill management.

Oil Spill Management

We have a robust oil spill management system in place to ensure that risks are properly assessed and that competence and capacity exist to prevent and, if need be, to manage oil spills. Elements of the management system include oil spill contingency plans developed on the basis of impact studies and training of staff to prevent and remediate spills.