experience to be trusted
CORPORATE PROFILE
ABOUT US:
OFC Energy Limited, is an indigenous Oil Trading Company (OTC) service provider to the oil and gas industry in Ghana following its incorporation as a limited liability company in Ghana in 2019; to carry on the business and operations of oil trading; environmental management; marine logistics and support; and oil/gas project management. OFC Energy Limited is also involved in the business of business marketing, supply and trading of crude oil and other related petroleum products.
OFC Energy Limited is led by a dynamic team from the board to management team, OFC Energy has been strategically positioned to achieve a sustainable competitive advantage to achieve its vision and mission statements. This is further enabled by the proper deployment of good corporate governance and risk management practices.In fulfilling our vision, we shall continue to build and improve the capacity of the the people who help us in operations. Our commitment is to the workers as we believe the workers responsibility is to the business.
These communities will be engaged in activities that ensure development and economic empowerment. Strict adherence to our belief in preservation of the environment shall be enforced.
The following are the Vision, Mission and Value statements for the Company
Vision Statement:
To build, run, and operate a world class integrated Offshore Trading firm of oil,gas and renewable energy with a very wide global reach. OFC Energy is run on a unique nontraditional yet financially robust structure with very sound and strong technical understanding of global trends in the oil and gas industry resulting in excellent service delivery for our partners both locally and internationally within the Blue Waters of the Gulf of Guinea.
Mission Statement:
OFC Energy delivers a seamless Offshore Trading on it well structured platform housed with very solid financial framework inssured with Integrity based performance
Corporate Values:
The Board of Directors:
Our board of directors are responsible for the overall management of our group, and for supervising its activities in general as outlined in the board’s rules of procedure and articles. The board handles matters of major importance or of an extra-ordinary nature. However, it may require that any matter be referred to it. The board has some sub-committees viz;-Audit committee: The audit committee’s role is to support the board in exercising its management and monitoring responsibilities, particularly in respect of accounting and financial reporting, and to ensure that our group has an independent and effective external and internal audit system. The audit committee’s role is to assist the board in its supervision of the company’s health, safety, Security and environment (HSSE), ethics policies, systems and principles of the company.
Some other committees such as legal, operations and HR & Administration are available for the determination of good corporate governance activities of the company. It also involves reviews of new HSSE standards and recommendations for adoption of appropriate policies that enforces HSSE best practices in the industry.
Services (Upstream/Downstream):
OFC Energy’s commercial practices is more down stream as opposed to up stream.OFC Energy trades it business between BUYERS and SELLERS.Downstream operations are oil and gas processes that occur after the production phase to the point of sale.Our aim and objective is to as much as possible be the commercial bond between BUYER and SELLER mat all times within the industry space. We deal also in the selling of crude to the end BUYER after having identified markets locally and internationally.
Business Strengths and Opportunities:
The business strength and opportunities embedded in the business structure of OFC Energy is based purely on SWOT analysis as been incredibly simple, yet powerful tool that helps the company to initiate and develop business strategies that are fitted well enough into the dynamic operations. Our strengths are our commercial partners who we hold in high esteem in the conduct of good business. Our opportunities is the market that we seek to engage in. We believe in the strength and capacity of the market to deliver goods and services to the company and its partners. OFC Energy believes in the capacity of its business strategies to develop and be sustained at all times. Our internal strength makes us to have full control over what can be controlled. Being an OTC in the sector it remains our core duty and responsibility to at all times of the period deal with credible suppliers and BUYERS of the product at every given point in time. Our core business strategy is to at all time secure the interested of the
UP Coming Projects:
The following are certified project areas that OFC Energy has agreed to launch out in the next medium and long term periods;
Construction of an Oil Jetty:
OFC Energy Limited desire to have constructed a Oil Jetty for the Ghanaian oil industry, a structure that projects from land out into the water body. Where docks are given sloping sides, openwork timber jetties are generally carried across the slope, at the ends of which vessels can lie in deep water or more solid structures are erected over the slope for supporting coal-tips,
Tank Farms:
OFC Energy Limited in the medium to long term of its operations desires to have a Tank farm constructed which shall have a full capacity off up to 150,000 cubic metres of petroleum products at a time, making it one of the biggest fuel tank farms in Ghana. OFC Energy Limited desires settle a record of private hands with private capacity to own, control and run the system.
OFC Marine:
As a company with great desires to apply and successes fully establish Marine company as their sole agent and transporter of the marine related goods and services.
Policies and Compliance:
We have strong internal and external corporate policies that we have carefully identified as been beneficial to the growth and sustenance of the company.Our policies are for both the strengthening of the internal corporate operations as well as effectively positioning of the company in the mist of good market conditions at all times.
Charity and Community Service:
Charity and Community Service is another angle of our corporate social policy initiatives that goes to the core and heart of the operations of the company. We are committed to reaching out to the poor, the vulnerable and less privileged in society. We are committed to making sure the hopes of people and the down trodden are revived and brought back. We shall continue in this endeavour as we see it as calling for us and the company to do good
We seek to effectively deal with all matters of business and regulatory compliance matters at all times as the case may be. We have strong institutionalized compliance systems enough to control both internal and external business conditions and transactions.
Local Content Project Support:
In support of the Ghanaian Oil & Gas Industry Content Policy, we are committed to maximizing in a sustainable manner the use of Ghanaian human resources, materials, equipment and services in our operations without compromising in any way the company’s values, quality, health, and safety and environment standards. In order to contribute to the development of Ghana’s industrial capabilities and competencies and supporting the nation’s economy, we shall seek to maximize the participation of young intellectuals as well as their businesses and local contractors in our operations as much as possible. Reasonable measures shall be undertaken at all times to meet requisite Ghanaian Content levels. As an oil and gas trading company, we shall implement specialized programmes and initiatives government policies/approved Ghanaian Content Plan. We will also strive to maintain the close rapport we have built with the local and internationally.