About

Our success is based on our ability to develop and apply new ideas, technologies and processes that create a differentiated, high-quality service offering.

PETRON DRILLING FIELDS (NIGERIA) LIMITED (PETRON), headquartered in Lagos Nigeria, is a proudly Nigerian oil and natural gas Drilling company with field office in oil-rich community of Umusadege in Kwale Delta State.
As an energy-oriented company engaging in contract drilling primarily in the Niger-Delta region of Nigeria, The Company was therefore incorporated under the laws of the Federal Republic of Nigeria and Licensed to Drill for Crude oil and Natural Gas in the year 2013.

PETRON is an initiative of Pebon Worldwide Solutions Nigeria Ltd. In line with its vision of becoming a world-class provider of oil and natural gas drilling services using state-of-the-art Drilling Technologies and highly trained personnel in oil and gas business, PETRON has pursued significant low-risk drilling opportunities and is gradually developing strategic relationships with world’s best drillers and Drill Rig Manufacturers in order to boost its store-house of experienced professionals, drilling Rigs and other ancillary drilling equipment needed to get job done on time.

Its culture of going beyond the ordinary in quest for Healthy, Safe and Environmentally friendly strategies for our operations has seen PETRON successfully developed policies to protect its workforce, the environment and other ecologically sensitive areas. This means that our idea is consistent with internationally acceptable HSE standards; having the highest form of regards for people and environment over profit.


Corporate Strategy

PETRON is currently structuring its drilling business to comprise three main divisions:

  • Nigeria Land Operations
  • Offshore Operations
  • International Land Operations

The need for PETRON to be reshaped became strong partly as a result of the acquisition of over 30% stake in an existing company operating in the Niger-Delta region and its proposed acquisition of assets for its oil and gas drilling business.


Corporate Governance

Our Board of Directors, management and all employees of PETRON share an ongoing commitment to the highest standards of corporate governance. Our Board of Directors reviews all aspects of our governance policies and practices, including our “Board Guidelines on Significant Corporate Governance Issues” and our “Code of Business Conduct”, at least annually in light of best practices and makes changes as necessary.

As part of this ongoing commitment, the Board has undertaken a review of its corporate governance practices against the framework of the Organisation for Economic Co-Operation and Development (OECD) Principles of Corporate Governance and concluded that PETRON is compliant with the OECD Principles of Corporate Governance.


Memberships and Associations

Petron will maintain active membership with the following regional, national and international organizations

  • Nigerian Association of Drilling Engineers
  • Nigerian Society of Safety Engineers
  • International Association of Drilling Contractors
  • National Safety Council
  • Petroleum Equipment Suppliers Association
  • Society of Petroleum Engineers

Statement from Management

At PETRON, we recognize opportunities when we see it.
The Nigerian Oil and Gas Industry Content Development Act, 2010 (“the Oil and Gas Local Content Act”) was enacted to provide for the development of an-all inclusive Nigerian Local Content to maximize the benefits in the Nigerian Oil and Gas Industry.

The Act provides that Nigerian Independent Operators, with proven capacity, shall be given the first consideration in the award of oil blocks, oil field licences, oil lifting licences and in all projects for which a contract is to be awarded in the Nigerian oil and gas industry subject to such conditions as may be specified from time to time by the Minister of Petroleum.

We applaud the government for taking this bold step to make the provision that Any bid for any license, permit or interest in the Nigerian oil and gas industry must be accompanied by a Nigerian Content Plan which the local content regulator must review and issue a certificate of authorisation if the Content Plan complies with the provisions of the Nigerian Oil and Gas Local Content Act.

We were not myopic of the opportunities that are inherent in these various provisions especially when it also states that all operators and promoters in the Nigerian oil and gas industry are required to give to Nigerians, especially those operating in the oil and gas producing communities, the first consideration when acquiring goods and services, employing personnel or training existing personnel. Operators are compulsorily required to submit at regular intervals, an employment, training and succession plan.

That’s why we are geared up to construct new rigs on a large scale to establish a solid supply chain structure to assure availability of component equipment. We will also organize multiple venues of fabrication and construction capacity both in the Nigeria and elsewhere.

These actions will put us in position to take advantage of the localization initiative and also to take advantage of the current global demand for rigs. Our ability will be to deliver more rigs, in more styles, in more places than anyone else. Contracts and robust cash flow from our rig fleet will combine to build the largest, most modern and most capable fleet in the world, available when you need it and where you need it.

Bonny C. Peter
President/CEO

Investors Relations

At PETRON, we recognize opportunity when we see it. We were not myopic when the last drilling boom first appeared on the horizon.

That’s why we geared up to construct new rigs on a large scale, establishing a pipeline to assure availability of component equipment. We also organized multiple venues of fabrication and construction capacity both in the Nigeria and elsewhere.

These actions put us in position to take advantage of the demand for rigs when it materialized. Our ability to deliver more rigs, in more styles, in more places than anyone else. These contracts and robust cash flow from our existing rigs are combining to build the largest, most modern and most capable fleet in the world, available when you need it and where you need it.

Our Advantage

The success of PETRON can largely be attributed to its transformation from a provider of technical solutions to that of a trusted advisor to clients. It has built trust through consistent track record, migrating seamlessly across the value chain from supplier to partners.
Our idea is consistent with internationally acceptable HSE standards; having the highest form of regards on people and environment over profit.

To conduct our business in accordance with the highest ethical standards.

  • Our employees are most valuable assets
  • All accident are preventable
  • Our employees’ primary job responsibility is the safe completion of their assigned work.
  • Providing the appropriate training, equipment and work environment enables our employees to fulfil that responsibility.
  • Our employees are granted the authority to slow down or shut down operations that believe jeopardizes the safety of people, the environment or property.

Our primary focus as a company

  • A local approach with international standard to issues
  • Responsiveness and Elasticity to our clients’ project requirements.
  • Client satisfaction through the provision of full services with friendly designs that will be delivered in record time
  • Operational efficiency, performance, safety, careful evaluation of risk and effective utilisation of resource
  • Becoming the best fully integrated indigenous service company offering cost effective solutions
  • Bringing together an integrated range of multi-discipline personnel from different background – Locals, Nigerian, overseas trained and expatriates – offering synergy and added value in a highly competitive market.