Sterling Oil Explorations & Energy Production Company Limited (SEEPCO) is a flagship company promoted by Sandesara Group to carry out the business in the global energy sector. SEEPCO has made a strong footing in Nigeria by putting the exploration block on production within two (2) years after signing the PSC (Production Sharing Contract). SEEPCO is the only private company with an Indian Patronage to produce oil from any OPEC country.
Its flagship company, Sterling Biotech Limited, is listed on NSE and BSE in India, Luxembourg in Europe and Singapore in Asia. The company was awarded the Oil Prospecting Lease (OPL) 280 in 2006. It is the only one of the 77 companies awarded acreages between 2005 and 2007, to have reached first oil.
Indian owned independent giant Sterling Energy currently has the largest number of rigs in operation in Africa’s prolific Niger Delta Basin in Nigeria. Part of her activities in Nigeria is on five (5) wells operated by British Oil and Gas Exploration Limited (BOGEL) Durga Rig series, which are its own rigs brought into the country by the Sterling Energy. BOGEL Durga 1 is active on Okwuibome (OKW) 33H; BOGEL Durga 2 is active on OKW 5; BOGEL Durga 4 is active on Anieze -15 BOGEL Durga 5 is on OKW 35 and BOGEL Durga 6 is on OKW 42. Among Sterling’s two fields; Okwuibome and Anieze both in the oil mining license (OML) 143 that produces about 25,000 barrels of oil per day (BOPD).
In the last two years, Seplat and NPDC have been the most active companies in drilling activities which have been reduced. Addax which maintained at least two rigs for most of the last ten (10) years have reduced it to one.
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