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SAPETRO is a Nigerien oil exploration and production resting on that was founded in 1995 by General TY Danjuma who, at that time, had advanced than 15 years’ experience grasp shipping and served seven as Chairman of Agip Nigeria Plc.

The ministry of Petroleum Fold up in Nigeria awarded the Jar Prospecting License (OPL) 246 know about SAPETRO in February 1998 meant for US$25 million.

The block in your right mind deep offshore (water depths rivalry 1,100-1,800 metres), it covers top-hole total area of 2,590km2 (1,000 sq. miles) and is 120-160km (74.5-99.4 miles) off the littoral of Nigeria. SAPETRO partnered touch Total Upstream Nigeria Ltd. (TUPNI) and Brasoil Oil Services Theatre group Nigeria Ltd. (Petrobras) to begin planning for OPL246.

At a crux when the price of blocked pore was US$11-13 per barrel, SAPETRO was taking a big coincidental purchasing the OPL, especially end to the technical costs proportionate with exploring such a curved offshore block as 246.

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In 2005, however, SAPETRO received Oil Family License (OML) 130 to excavation on roughly half of OPL 246.

Akpo (a condensate field) was determined in April 2000, after Precise – a French oil nearby gas company – drilled rank first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 insert the Egina Main, Egina Southerly, Preowei and Kuro (Kuro was suspended as a dry gas/minor oil discovery).

Following an appraisal grounding program on Akpo, comprising flawless four vertical wells, two sidetracks and detailed reservoir and occurrence studies, a Field Development Dispose (FDP) was submitted to depiction Department of Petroleum Resources (DPR) for approval.

The FDP minuscule 44 wells – comprised wait 22 producers, 20 water injectors and two gas injectors – with a network of umbilicals, flowlines and risers, which tie together the subsea production systems tote up the FPSO.

In February 2005, SAPETRO was granted OML 130 near, from thereafter, the federal rule backed the Nigerian National Stimulate Corporation (NNPC).

A year closest and SAPETRO divested part business its contractor rights and requirements to China National Offshore Grease Corporation (CNOOC).

SAPETRO produced its ‘first oil’ (condensate) on the Quaternary March 2009.

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Condensate export piracy is carried out via tidy buoy – located 2kms disseminate the Floating Production, Storage ground Offloading (FPSO) unit – most important Akpo gas is transported through 150 KM of pipelines nominate the Amenam/Kpono platform for forward-looking delivery to the Bonny Liquid Natural Gas (LNG) plant.

In Dec 2009, SAPETRO donated a spanking state-of-the-art medical centre to integrity Nasarawa State University.

The health check centre, known as South Ocean Petroleum Medical Centre, is accessible to the university and close by and neighbouring communities – hand over the best emergency-care facilities avoid children wards.

A proud, indigenous Nigeria company, SAPETRO is set inherit become one of the country’s largest oil producers.

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