Sterling Oil Exploration & Energy Production
About Sterling Oil Exploration & Energy Production
About Sterling Oil Exploration & Energy Production
Founded in
2005 (19 yrs old) Ownership
Private
India Employee count
51-200 Global Employee count
10k-50k Headquarters
Lagos , Nigeria
Office Locations
Lagos , Nigeria
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stoilmgt.com
Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO) is an indigenous company that ventured into Exploration and Production (E&P) business in the year 2005. SEEPCO participated in the 2005 bid round held by the Department of Petroleum Resources (DPR) and was successful with license OML 143 (formerly OPL 280).
SEEPCO was able to reach its first oil within two years of signing the Production Sharing Contract (PSC) in record time. This makes SEEPCO one of the few producing companies out of 77 successful bidders that signed the PSC in Nigeria during 2005 bid round.
SEEPCO has been producing Okwuibome (OKW) Blend of crude oil since 2011. Okwuibome Blend is an established grade of crude oil recognized by the Nigerian National Petroleum Corporation (NNPC). OKW Blend is sought after by refineries in North America, Europe, Asia, South Africa and Australia owing to its low sulfur and sweet crude quality.
Primary Industry
i
Primary industry refers to the industry from which a company drives
its maximum revenue.
Oil & Gas
(Power)
Other Industries
i
Other industries refer to additional industries in which a company
operates other than its primary industry.
Oil / Gas / Petro Chemicals
,
Power
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