September 05, 2008


   
 
Sahara Energy Fields Ltd.

This is the upstream exploration and production (E&P) arm of the group. Its core business is solely to explore and develop oil and gas assets in established and emerging frontiers. The company’s mission at inception was to acquire, explore and develop oil and gas assets in the emerging frontiers of West Africa and the Gulf of Guinea, using this as a foundation for creating a viable E&P company that can operate in any of the global oil basins. In its first five years of operation, the company succeeded in establishing a firm foundation in the West African basins with assets in:

- Tsekelewu Field in OML 40 operated by Shell Petroleum Development Company in Nigeria,
- Block 5 in the Nigeria-Sao Tome Joint Development Zone,
- OPL 332 in Deep Water Nigeria (in partnership with BG)

The company remains active in seeking additional exploration and/or producing assets globally.