This is the upstream exploration and production (E&P) arm of the group. 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. Its core business is to explore and develop oil and gas assets in established and emerging frontiers.
In its five years of operation, the company succeeded in establishing a firm foundation in the West African basins with assets in:
- Tsekelewu fields in OML 40, operated by Shell petroleum Development Company.
- 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.
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