About TPEL
Governance & Leadership
Committed to transparency, accountability, and international best practices in corporate governance
Our Governance Framework
Togole Petroleum Energy Limited operates under a robust governance framework designed to ensure transparency, accountability, and ethical conduct in all our operations. As Papua New Guinea's national petroleum company, we are committed to the highest standards of corporate governance, regulatory compliance, and stakeholder engagement.
Our governance structure balances commercial objectives with our national mandate, ensuring that petroleum development serves the interests of Papua New Guinean people while maintaining operational excellence and financial sustainability.
Core Governance Principles
Transparency
Open and honest communication with stakeholders, regular reporting, and public disclosure of operations, financial performance, and community impacts.
Accountability
Clear lines of responsibility, independent oversight, and commitment to answering for our decisions and actions to stakeholders and the nation.
Integrity
Ethical conduct, compliance with laws and regulations, and adherence to international standards in all business dealings and operations.
Stakeholder Engagement
Active consultation with communities, landowners, government, and partners to ensure inclusive decision-making and shared value creation.
Compliance
Strict adherence to PNG petroleum laws, environmental regulations, and international industry standards in all operational activities.
Excellence
Commitment to operational excellence, continuous improvement, and world-class standards in petroleum exploration, development, and production.
Governance Structure
Board of Directors
Our Board of Directors provides strategic oversight and ensures that TPEL operates in accordance with its mandate and governance principles. The Board comprises experienced professionals with expertise in petroleum, finance, law, and national development.
- Strategic direction and policy oversight
- Financial performance monitoring
- Risk management and compliance
- Stakeholder accountability
Executive Management
Our executive team brings together petroleum industry veterans, technical specialists, and business leaders to drive operational excellence and strategic execution.
- Day-to-day operational management
- Strategy implementation
- Portfolio development and optimization
- Stakeholder relationship management
Board Committees
Specialized committees provide focused oversight on critical governance areas:
Audit & Risk Committee
Financial reporting, internal controls, and risk management oversight
Technical Committee
Petroleum operations, technical standards, and project approvals
Remuneration Committee
Executive compensation and performance evaluation
Nominations Committee
Board composition and succession planning
Regulatory Compliance
TPEL operates under comprehensive regulatory oversight, ensuring compliance with PNG petroleum laws, environmental regulations, and international industry standards.
Key Regulatory Bodies
- Department of Petroleum & Energy
- Conservation & Environment Protection Authority
- Mineral Resources Authority
- Internal Revenue Commission
Compliance Framework
- Oil & Gas Act 1998
- Environment Act 2000
- Companies Act 1997
- International petroleum standards
Learn More About TPEL Leadership
Meet our Board of Directors and Executive Management team driving PNG's petroleum sector development.