South Atlantic Petroleum (SAPETRO) is a Nigerian oil exploration and production company founded in 1995 and was awarded the Oil Prospecting License OPL246 in 1998. SAPETRO entered into partnership with TOTAL for the joint development and operator-ship of the block. Following successful exploration and appraisal drilling, the 50% of the OPL was converted to an Oil Mining Lease (OML) in 2005 to cover Akpo, Egina Main, Egina South and Preowei fields. Later on Petrobras and CNOOC bought into the block which gave birth to the Egina deepwater field and home to the world-class Egina FPSO. SAPETROL presently holds an aggregate 15% stake in OML 130. For more information, visit: www….
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