About

About E.E.P.D.C

Innovative Energy Development Company PRAISE

E.E.P.D.C is a subsidiary of the Emag Group which has been operating in the oil & gas sector since 2001.

In 2020 EEPDC participated in the Nigerian Marginal Field Bid Round (MFBR) for indigenous companies and won the 28.25% of Olua marginal field located in Oil Mining Lease OML 25.

EEPDC is a wholly owned Nigerian company specializing in energy development with expertise in hydrocarbon resource exploration and production. We are committed to sustainable development while upholding social and environmental standards.

Our focus is on harnessing exploration and production opportunities both within Nigeria and internationally. We aim for organic growth by participating in licensing rounds, joint ventures, and acquisitions. Every growth opportunity will be assessed within the framework of our overall strategy.

Our Mission

Our Vision

Core Values

CORPORATE GOVERNANCE

Health, Safety, and Environment (HSE) Policy

At Emag Exploration, Production, and Development Company (EEPDC), we are committed to maintaining the highest standards of health, safety, and environmental (HSE) protection in all our operations. We recognize that our activities have a direct impact on the environment and the well-being of our employees, contractors, and stakeholders. Therefore, we have implemented a comprehensive HSE policy to ensure a safe, sustainable, and compliant work environment.

Our Commitment to HSE:

Strict Compliance: We enforce HSE regulations through well-defined Key Performance Indicators (KPIs), which are continuously monitored and evaluated.
Daily Monitoring: HSE is an integral part of our daily operations, with proactive measures to mitigate risks and enhance workplace safety.
Environmental Responsibility: We develop and implement systems that monitor and minimize environmental impacts, ensuring sustainable operations.

Awareness & Training: Our staff and contractors receive regular HSE updates, rigorous supervision, and in-house safety sessions to maintain full compliance.
Annual HSE Week: We reinforce our safety culture by dedicating a full week annually to highlighting the importance of HSE across our operations.

At EEPDC, safety is not just a policy—it is our culture. We remain steadfast in our commitment to protecting people, preserving the environment, and ensuring operational excellence.

Code of Corporate Governance

At Emag Exploration, Production, and Development Company (EEPDC), we uphold high standards of corporate governance, recognizing its critical role in ensuring long-term business success, sustainability, and stakeholder confidence. Our governance framework aligns with international best practices and complies with Nigerian Petroleum Legislation and industry regulations.

We are committed to transparency, accountability, and ethical leadership, ensuring that all decisions and operations reflect our core values. Our governance structure is built on effective leadership, responsible management, and strategic oversight, guided by a team of experienced professionals with deep industry knowledge and integrity.

Our Corporate Governance Framework Includes:

Shareholders’ Rights & Stakeholder Engagement:
We prioritize fair treatment of shareholders, ensuring their rights and interests are upheld while fostering strong relationships with all stakeholders.
Board of Directors:
The Board provides strategic leadership and oversees EEPDC’s operations, ensuring alignment with shareholder interests and corporate objectives.
Corporate Governance & Compensation Committee:
This committee upholds governance principles and establishes fair compensation policies for key stakeholders, ensuring ethical and competitive remuneration.
Audit & Risk Committee:
We maintain financial transparency and accountability

by implementing rigorous audit processes and risk management strategies that safeguard the company’s financial integrity.

Technical Committee:
Focused on operational excellence, this committee ensures EEPDC’s exploration and production activities align with best industry practices and regulatory standards.
Government Relations Committee:
We are committed to sustainable economic development through collaborative engagement with government agencies, ensuring compliance and fostering positive industry relations.

At EEPDC, corporate governance is the foundation of our success. We remain dedicated to upholding these principles to drive growth, innovation, and long-term sustainability in the energy sector.

Anti-Bribery & Corruption Policy

At Emag Exploration, Production, and Development Company (EEPDC), we uphold the highest standards of ethics, integrity, and corporate responsibility. We firmly believe that bribery and corruption undermine fair business practices, economic development, and corporate trust. As a result, we maintain a zero-tolerance policy towards bribery and corrupt practices in any form.

Commitment to Ethical Business Conduct

EEPDC and its leadership are dedicated to conducting all business honestly, transparently, and in full compliance with local and international anti-corruption laws. Our reputation and success are built on a foundation of trust, fairness, and legal compliance in every aspect of our operations.

Scope of the Policy

Our Anti-Bribery & Corruption Policy applies to:

Directors, employees, and subsidiaries
Agents, intermediaries, and consultants
Joint venture partners, contractors, and suppliers
Any other individuals or organizations conducting business with EEPDC

Prohibited Conduct

EEPDC strictly prohibits:

Bribery in any form – including direct or indirect offers, payments, solicitations, or acceptance of bribes, gifts, or favors intended to influence business decisions.
Bribes from or to customers, suppliers, agents, consultants, joint ventures, business partners, politicians, and government officials.
The creation of undisclosed accounts or internal budgets intended to facilitate bribery or unethical transactions.

Compliance & Enforcement

All employees, contractors, and business partners are required to comply with this policy. Violations of the Anti-Bribery & Corruption Policy will result in strict consequences, including:

Dismissal for employees found guilty of violations.
Deregistration or termination of contracts for suppliers, contractors, and business partners engaged in corrupt activities.

EEPDC remains committed to upholding the highest ethical standards, ensuring our business practices reflect honesty, fairness, and long-term sustainability.

Would you like any refinements or additions to further align this with EEPDC’s corporate values?