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      Oil & Gas

COMPASS GLOBAL has a strategic tie ups and alliances with the following:  

M/s Gardes Energy Services (GES) Inc., Lafayette USA: for providing project management and directional drilling Services to companies engaged in the business of Oil and Gas Exploration and Production all over the world. M/s Gardes Energy Services is a leading provider of underbalanced and managed pressure-drilling services. has several registered US patents to its name through Mr. Robert Gardes (inventor) who is also the proprietor of Gardes Energy Services. CGL additionally has a strategic tie up with GES to provide patented technologies integrated with a comprehensive range of equipment and engineering services. Innovation and technology are the keys to the future of Oil & Gas.

GES China LLC: for the business of Gas Management Programs for commercialization and use of flared Gas by providing specialized skid mounted LNG plants.

Petromed Global Services Ltd: Petromed is a branch of a parent company Petroskandia AB, which is the biggest multinational oil company in Switzerland, Sweden and Tunisia. Petromed’s activities cover a full range of oil related operations, including upstream and downstream processing in Sweden and Tunisia. Petromed is primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling and transportation.

Petromed is a member company of Petroskandia AB and operates the most modern refinery in Sweden, combining the new oil processing technologies. Petromed has the needed financial and technical resources and partners to achieve closure for major deals in the Oil & Gas business.

CGL has pooled the knowledge of its team of people to create a high-caliber team of experienced professionals who are able to meet the challenges and expectations in today’s demanding market.

These patented drilling technologies are very useful for mature field optimization and also for marginal field development. The underbalanced horizontal multi-lateral drilling technology increases the production capacity of the field and thereby it’s NPV.

CGL is strategically focused on areas with major prospects for immediate revenue growth and market penetration:

  1. Exploration and production
  2. Bulk petroleum storage
  3. Refining of petroleum products
  4. Trading, marketing and supply
  5. Power Generation and Efficient Distribution.

Each of these areas holds massive potential, with global focus on the future of energy generation, significant oil and gas reserves yet to be discovered in Africa.

CGL is entering the business of Marketing and Distribution of Crude Oil and related products. Towards this objective CGL is in the process of tying up with existing marketing and distribution companies with Storage Tank farms and distribution network.

TIE UP OF REGULAR SUPPLY AND BRAND EQUITY:

Since CGL is planning to trade, market and sell crude and related products on a very large-scale.  Two issues are of prime importance:

  1. Guaranteed Long Term Supply
  2. Brand Equity, which is essential to stay ahead of the competition.

We intend to tackle both the issues by targeting Indian Refining Companies which collectively have one of the largest refining capacities in the world and are very well known for the operational skills and efficiency.

CGL’s Upstream and Downstream interests:

CGL’s interest in the upstream business stems from the fact that the full potential of the pan-African oil and gas market is far from realized. The Niger Delta basin alone has reserves of over 30 billion barrels of oil, of which 70% remains untapped – a pattern repeated in other areas of the country, West Africa and beyond.

CGL’s interest in the downstream business stems from the fact that there is a huge shortfall in refining capacity in Nigeria and surrounding countries. This results in the fact that huge quantities of refined products are imported into Nigeria annually. As the   upstream activities bring more productive, new oil refineries are needed to transform the crude oil into valuable commodities for sale and export.

Overall, the market is already mature and robust, but with significant untapped opportunities that we intend to target, in order to deliver substantial growth in market penetration and revenues in the years to come.

Power Generation and Efficient Distribution.

Power is an essential component in everyday life. However, many people face the prospect of living without access to mains electricity.

Out of a total population of approximately 150 million In Nigeria alone only 59% percent people have direct access to electricity in 2018, representing half of the country's entire population.

Throughout Africa, natural gas from oil production is frequently flared raising carbon emissions and wasting a valuable revenue stream.

Creating more gas-fired power stations could help to overcome this, putting the 5.3 trillion cubic meters of natural gas in the Niger Delta to good use.

Around a third of the natural gas produced in Nigeria is flared. This flared gas can be used to produce this much needed power provided an efficient distribution network is also simultaneously put in place.

CONCLUSION:

CGL from its position of strength will be involved in the Upstream, downstream and power business in Africa.

 

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