CORPORATE GOALS AND OBJECTIVES

DIRECTORATE OF EXPLORATION

  • The Directorate of Exploration carries out the mandate of the PAU as provided for by the

Petroleum (Exploration, Development and Production) Act, 2013; Sections 10 (1) and 10

(2).

  • Contributes to the PAU’s Strategic Pillar number two (2) of Enabling Exploration to increase the Resource base.
  • The deliverables from the Directorate of Exploration are achieved through the following three corporate goals:

1) Achieve a well-regulated and managed Exploration regime.

Under this goal, the Directorate’s strategic objectives are:

  1. a) To ensure compliance of Exploration Licensees to the legal framework
  2. b) To ensure petroleum operations are monitored
  3. c) To ensure a regulatory regime that attracts investment into the sector

2) Ensure the petroleum potential of licensed blocks is fully evaluated.

Under this goal, the Directorate’s strategic objectives are:

  1. a) To ensure that data required to evaluate each block is acquired and managed
  2. b) To ensure that all the data acquired in each block is interpreted and prospects and leads identified
  3. c) To ensure timely evaluation of prospects and leads

3) Advise the Minister in order to achieve efficient licensing

Under this goal, the Directorate’s strategic objectives are:

  1. a) To review and ensure Production Sharing Agreements (PSAs) and Field Development

Plans (FDPs) that create value for the country

  1. b) To emphasise minimum work program that fully evaluates each block
  2. c) To ensure competition in licensing
Downloadable file(s)
  1. The functions and objectives of the Directorate of Exploration
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