South Atlantic Petroleum Limited (SAPETRO) is a Nigerian independent upstream oil and gas company engaged in the exploration, appraisal, development, and production of hydrocarbon resources in West Africa, with a core presence in Nigeria. The company participates in production sharing contracts and joint ventures with national and international operators, including deepwater projects in the Gulf of Guinea.
Headquartered in Lagos, SAPETRO’s activities span subsurface evaluation, seismic acquisition, drilling, and field development to bring oil and associated gas to domestic and export markets.
TotalEnergies sells 40% of Nigerian exploration licenses to Chevron, enhancing their joint offshore ventures. Completion awaits regulatory approval.
TotalEnergies and partner South Atlantic Petroleum sign a PSC for PPL 2000 and 2001 in Nigeria's West Delta basin, planning to drill one exploration well.
