As the world energy industry experiences seismic shifts, companies such as Frontier Oil Limited are making a mark as trailblazers. Frontier Oil Limited — Frontiers are constantly challenged to push the boundaries, and, as a result, they are known for their innovative approaches to resource extraction and sustainable energy practices that define new standards for discovering, processing, and delivering oil and gas worldwide.
This article will take an in-depth look at the rise of the company, its unique oil and gas practices, and how the company is changing the face of the energy market as we know it, alongside increasing sustainability efforts.
Whether you’re an industry insider who wants to glean insight or a layperson interested in how energy firms are responding to broader changes in global priorities, or you are simply interested in working with Frontier Oil Limited, here’s everything you need to know about Frontier Oil Limited.
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An Introduction to Frontier Oil Limited
Frontier Oil Limited: A top oil and gas energy company Spanning multiple continents, they have established themselves as a dependable and innovative operator in the energy space.
Founded with a mission to harness underutilized energy resources, the company utilizes state-of-the-art technology and eco-friendly practices to cater to the changing needs of both businesses and consumers.
Frontier Oil Limited (“FOL”) was incorporated in 2001 as an indigenous Nigerian oil and gas Exploration and Production company with a proven track record in the development and production of crude oil and non-associated gas (NAG) fields.
FOL was awarded a block in the 2003 Federal Government of Nigeria field programme, which led to the acquisition of the Uquo Field in OML 13, offshore Akwa Ibom state.
FOL hopes to continue to build its medium-term hydrocarbon reserves base but also acknowledges the rapidly evolving global energy environment and the significant role of renewables in the ever-increasing global energy generation mix.
Key Achievements
Frontier Oil Limited has achieved significant milestones, such as:
- Finding and developing oil fields previously considered unreachable using cutting-edge technology.
- Pouring money into renewable energy projects, sending a message that they intend to make a long-term investment in sustainability.
- Building solid supply chain channels to ensure timely delivery in main markets
With their contributions, the company has established itself a global energy solutions provider and not an oil producer.
How Frontier Oil Limited is Different in the Energy Sector
What makes Frontier Oil Limited special? It’s not just because of their cutting-edge technologies; it’s because they aren’t afraid to break the mold, adapting to a rapidly evolving energy landscape.
Frontier Oil Mission Statement
- We deliver energy sustainably for the benefit of our stakeholders.
Frontier Oil Limited Board of Directors
- Chief Akin Aruwajoye (Chairman)
- Engr. Dada Thomas (Chief Executive Officer/Managing Director)
- Dr. Victor Koleade (Director)
- Ambassador Solomon Yisa (Director)
- Mr. Ad’Obe Obe (Director)
- Engr. (Dr.) David Oluseyi Ige (Director)
- Mr. Feyisayo Opeyemi Agagu (Director)
- Alhaji Abdullah Bukar (Director)
How Frontier Oil Limited Stands Out in the Energy Industry
Frontier Oil (Limited) is harnessing the power of AI and big data to develop extremely precise geological maps.
These technologies allow the company to identify potential pockets of oil reserves while reducing the negative environmental impacts associated with exploratory drilling.
Key practices include:
- Seismic Imaging: Frontier Oil utilizes 3D and 4D seismic imaging methods to accurately identify and map subsurface oil deposits, minimizing wasteful drilling.
- Predictive Analytics: Sophisticated AI algorithms forecast the most optimal locations, conserving resources and distilling efficiency.
- Running safe and efficient operations. Low/optimized cost production.
- Engaging talented and disciplined people of integrity. Building strong relationships with key business partners.
Frontier Oil Assets and Operations
Upstream Operations
Discovered by Shell in 1958, the Uquo Field is situated in the OML 13 licence area in the Esit Eket and Eket Local Government Areas of Akwa Ibom State onshore Nigeria.
The Uquo Field was an undeveloped, partly appraised gas field before Frontier Oil purchased it in 2003.
Its been developed into an oil production and the first commercial integrated gas development project in the South Eastern Niger Delta since then.
Production of commercial gas by the Uquo Joint Venture commenced in January 2014, while commercial oil production began in February 2015.
FOL is now focusing on working the oil reserves in the Uquo field and other growth opportunities to increase oil production from 1200 barrels per day, to 5000 barrels per day, by Q2 2022.
Gas Operations
From December 2012 to January 2020, FOL served as the pioneer operator of a 200MMscf associated gas and non-related gas plus 2,000bopd crude oil Central Processing Facility (“CPF”) that was established with its joint venture partner. As part of the corporate restructuring that went into effect in January 2020, our joint venture partner was given operatorship of the CPF.
When the Uquo Central Processing Facility first opened, it was the largest greenfield gas delivery system created by an independent Nigerian operator and its joint venture partners.
The Uquo Field supplies about 12% of Nigeria’s domestic gas market.
FUN Crude Oil Evacuation System
The FUN Group Joint Venture consists of Frontier Oil Limited, Universal Energy Resources Limited (Stubb Creek field, OML 14) and Network Exploration and Production Nigeria Limited (Qua Iboe field, OML 13) and Frontier Oil is the original operator.
The facility was designed, built, commissioned and operated by Frontier Oil Limited from 2012 to 2020.
As per the terms and conditions of the Joint Venture Agreement, operatorship was transferred by Frontier Oil to another Group member.
Thanks to the FUN Group JV’s 35,000bopd capacity crude oil evacuation infrastructure, the ExxonMobil Qua Iboe crude oil export terminal stores and exports export-quality crude production derived from the field of each of the members.
Frontier Oil Limited Corporate Social Responsibility (CSR)
Through its Community Development Programme (“CDP”), Frontier Oil is committed to empowering its host communities, particularly the youth, in a transparent and sustainable way.
Two Community Development Foundations (“CDF”), entirely run by people of the host communities and financed by Uquo Joint Venture, were established as a result of the CPD. In order to accomplish the CDP goals as efficiently as possible, the CDFs have now been combined.
The host communities have identified and prioritised a number of development projects, which the CDF owns and oversees their implementation.
Frontier Oil Limited Contact Details
Lagos Office:
9B/9D Joseph Adu Street, Oniru Estate, Victoria Island, Lagos State, Nigeria.
Eket Office:
7, Imeh Johnson Street,Opp. ExxonMobil Airstrip, Eket, Akwa Ibom State, Nigeria.
Email Us:
information@frontieroilltd.com
Call us
+234 912 149 0929