Pacific Petroleum take over JUHI

The Chairman, Mr Bruno Daly, of Pacific Energy South-West Pacific Limited (Pacific Energy SWP Ltd) is pleased to announce that Pacific Petroleum Company (the parent company of Pacific Energy SWP Ltd) has completed the acquisition of BP SWP Limited on Tuesday 25th of May 2010. It was a share sale and after the completion of the acquisition on Tuesday BP SWP Limited was renamed to Pacific Energy South-West Pacific Limited.
Mr Daly said “This is a very important milestone in the growth of Pacific Petroleum Company (PPC) Group business in the Pacific region. With this acquisition, our group is now bigger than any of our competitors in this region.”
The countries that the PPC Group are now operating in are French Polynesia, New Caledonia, Fiji, Tonga, American Samoa, Vanuatu, Cook Islands (JUHI) and Tuvalu.
In taking over from BP SWP, all local staff will remain with Pacific Energy SWP Ltd, providing continuity of the skills, capabilities and experience that already exists. The team will be reinforced by Managing Director, Roko Nabalarua, based in Fiji and supported by a full range of services - all provided from within the South West Pacific region. Roko has wide experience and expertise across the oil industry having worked with both BP and Shell across the Pacific. He is also the former Chief Executive Officer of Fiji Electricity Authority.
The Board of Directors of Pacific Energy South West Pacific Limited are Mr Albert Moux (Chairman of the PPC Group and majority shareholder), Mr Bruno Daly (Chairman of the Board of PE SWP and shareholder), Mr Patrick Moux (Executive of PPC Group), Mr Pascal Bouchiquet (Chief Financial Officer of PPC) and Roko Nabalarua (Managing Director of Pacific Energy SWP Ltd).
Mr Nabalarua said ‘I would like to thank our customers and staff in Fiji, Tonga, American Samoa, Vanuatu, Cook Islands and Tuvalu for their loyalty to the company through this acquisition process. I would also like to thank all the regulatory authorities across the six countries for their support and approvals on the sale of BP SWP”.
‘PPC Group of which Pacific Energy SWP Ltd is a subsidiary is owned by Albert Moux (majority shareholder), Bruno Daly, Rene Malmezac, Charles Lavoix and Georges Montagnat. These shareholders are from the Pacific Islands, with deep roots in the region. Almost all their business interests are in the region, which means profits earned from the region are re-invested back into the region’ said Mr Nabalarua.
‘Since we are a part of a large oil company in the region and also owned by shareholders from the region we have got some very special things we can do to improve our service to our customers in the countries we are present in and plan to expand to’ said Mr Nabalarua.
This event marks an important milestone for the PPC brand which is symbolised by a well-known Pacific floral beauty commonly known as the Bird of Paradise. The brand is truly Pacific.

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