South atlantic petroleum limited

South atlantic petroleum limited

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Andrey Akselrod
Reviews 1

South atlantic petroleum limited is an average company. Their services are satisfactory, but nothing exceptional. I would recommend them if you're looking for a reliable petroleum company, but don't expect anything extraordinary.

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About South atlantic petroleum limited

A Nigerian based upstream oil and gas exploration and production company with portfolio of 5 assets in 4 countries spanning the full E&P value chain.

South Atlantic Petroleum Limited: A Leading Upstream Oil and Gas Exploration and Production Company

South Atlantic Petroleum Limited (SAPETRO) is a Nigerian-based upstream oil and gas exploration and production company with a portfolio of five assets in four countries spanning the full E&P value chain. The company was founded in 1995 by Nigerian businessman, Gen. Theophilus Yakubu Danjuma (Rtd), who is also the Chairman of the Board of Directors.

SAPETRO's core business is to explore, develop, produce, market, and sell crude oil and natural gas. The company has operations in Nigeria, Ghana, Cote d'Ivoire, and Sao Tome & Principe. SAPETRO's vision is to be a leading African independent upstream oil and gas company that creates value for its stakeholders through sustainable development.

Exploration

SAPETRO has been actively exploring for hydrocarbons since its inception. The company has participated in several successful exploration campaigns that have resulted in significant discoveries of crude oil and natural gas reserves. SAPETRO's exploration activities are focused on identifying new prospects within its existing acreage as well as acquiring new acreage with high potential.

Development

Once an oil or gas discovery has been made, SAPETRO moves into the development phase where it works to bring the field into production. This involves designing production facilities such as drilling rigs, pipelines, storage tanks etc., which are necessary for extracting hydrocarbons from underground reservoirs.

Production

SAPETRO currently produces crude oil from two fields offshore Nigeria - OML 130 (Akpo Field) operated by Total Upstream Nigeria Limited (TUPNI) where SAPETRO holds a 15% interest; OPL 246 (Aje Field) operated by Yinka Folawiyo Petroleum Company Limited where SAPETRO holds a 12% interest.

Marketing & Sales

Once produced from the fields, SAPETRO markets and sells its crude oil and natural gas to local and international buyers. The company has established relationships with several reputable buyers in the global market.

Corporate Social Responsibility

SAPETRO is committed to making a positive impact on the communities where it operates. The company's CSR initiatives are focused on education, health, environment, and community development. SAPETRO has built schools, hospitals, provided scholarships for students as well as supported various community development projects.

Conclusion

South Atlantic Petroleum Limited (SAPETRO) is a leading African independent upstream oil and gas exploration and production company that creates value for its stakeholders through sustainable development. With a portfolio of five assets in four countries spanning the full E&P value chain, SAPETRO is well-positioned to take advantage of opportunities in the dynamic African energy market.

Address
11 and 12th
Categories
Oil & energy