Pioneer Natural Resources is a large independent exploration and production company focused on delivering competitive and sustainable results. Pioneer responsibly produces oil and gas resources to help meet the world's energy demands as it provides opportunities for growth and enrichment to employees, business partners and the communities in which the Company operates. Our objectives are; To deliver strong, consistent production and reserve growth from core oil and gas basins; expand opportunities in emerging resource plays that provide significant reserve and production growth potential; pursue bolt-on acquisition opportunities to expand core operating areas; leverage coal bed methane expertise into new unconventional resource plays; capitalize on an independent mindset to overcome cost and operating hurdles; foster a spirit of commitment to the environment and to the communities where we work and maintain a deep sense of accountability for decisions, actions and attitudes.
Pioneer has participated in two major developments offshore South Africa. The Sable oil field began producing in 2003, and Pioneer became the first foreign oil company to participate in oil production from South Africa in partnership with PetroSA, the national oil company. In September 2008, gas and condensate production from the South Coast Gas (SCG) project was initiated to provide feedstock for Petro SA's onshore gas-to-liquids plant in Mossel Bay.