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Major Highlights of SEPOC since Startup:
1)
Achieving the best safety performance since the start of the operation.
2) Setting
out the company’s strategic outlines concerning exploration, development,
production, operation and management of petroleum operations in Block (18)
according to the good practices of international oil industry and by taking
help from international foreign experts.
3) Running petroleum
operations in Block (18) according to the standards practiced by international
oil industry in exploration, development, production, transport, storage and
export.
4) Establishing a new
department, Exploration & Development, and manning it with qualified Yemeni
staff from outside and inside the country. Providing this department with
financial, technical and moral support as well as equipment, software and human
resources trained to sustain continuity of operation after they reevaluate
Block (18) from exploration and production perspectives.
5)
Supporting the training of all Yemeni staff on all levels locally and abroad so
that the staff will be more creative and productive.
6) Reconsidering the
Company’s Law of Establishment and redrafting its Articles of Association
jointly with experienced specialized legal counsels and revamping its
contracting procedures, its policies and liability assurances.
7) Contracting an
international consultant company to assess the job description of all SEPOC’s
positions so as to live up to the job description system applied in oil
industry. This enables us to retain and motivate excellent employees.
8) Requesting Ministry of Oil
& Minerals’ support to help maintain the level of crude oil production upon
the commencement of forthcoming LNG production.
9) Providing services to
other oil-producing blocks tied in to Block (18) including processing,
transport, storage and export in accordance with the standards of international
petroleum industry.
10) Establishing a new
department, Exploration & Development, and manning it with qualified Yemeni
staff from outside and inside the country. Providing this department with
financial, technical and moral support as well as equipment, software and human
resources trained to sustain continuity of operation after they reevaluate
Block (18) from exploration and production perspectives.
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