Who owns Sterling Oil?
Nitin Sandesara, a chartered accountant, turned entrepreneur in the early 1980s when he started Sterling Tea by acquiring tea gardens with his younger brother Chetan.
What is the full meaning of SEEPCO?
The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialisation of gas from the Oil Mining Lease (OML) 143.
What is the purpose of oil exploration?
Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology.
Where is OML 143 located?
northern Niger Delta
OML 143 is located in thickly forested terrain in the northern Niger Delta. It contains two producing fields, Okwuibome – discovered by Shell in 1979 – and the smaller Anieze field.
Where are Sandesaras?
International media and local media of Albania and Nigeria have confirmed that the Sandesaras have been given citizenship of Albania and they now shuttle between Nigeria, where they have set up large-scale business in the field of oil production, and Albania.
Where is OML 13 located?
Akwa Ibom state
OML 13 is a large block in Akwa Ibom state in the southeast of the country. It is reported to hold in-place volumes of over 900 million barrels of oil and 5 tcf of gas. OML 13 has been dormant since its main field Utapate ceased in 1995.
What is OML 143?
The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialisation of gas from the Oil Mining Lease (OML) 143, a deal capable of boosting Nigeria’s economy by $600 million.
Who is sandesara brothers?
The absconding promoters of the Sterling group– Nitin and Chetan Sandesara–are alleged to have defrauded over Rs 14,500 crore of public money.
What is OML 13?
OML 13 is a large block in Akwa Ibom state in the southeast of the country. It is reported to hold in-place volumes of over 900 million barrels of oil and 5 tcf of gas. OML 13 has been dormant since its main field Utapate ceased in 1995.
Where is OML 119 located?
southeastern Niger Delta
OML 119 is located in the southeastern Niger Delta, approximately 50 kilometres offshore. The two producing fields on the block, Okpoho and Okono, were discovered by the Nigerian Petroleum Development Company (NPDC) in 1978 and 1983 respectively.
Who is the founder of sterling oil exploration?
Sterling Oil Exploration & Energy Production Co. Limited was founded in 2006. Who is the Founder of Sterling Oil Exploration & Energy Production Co. Limited? Kelechi Okwara is the founder of Sterling Oil Exploration & Energy Production Co. Limited. Where is Sterling Oil Exploration & Energy Production Co. Limited headquarters?
When did seepco get its first oil license?
SEEPCO participated in the 2005 bid round held by Department of Petroleum Resoucres (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.
When did seepco start producing crude oil in Nigeria?
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.