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SEEPCO

Full company profile

uuid0007dfo

Namestring
SEEPCO
Legal namestring
Sterling Oil Exploration & Energy Production Co. Ltd.
Websiteurl
stoilmgt.com
Company typeenum
Private
Founded yearint
2003
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersLagos, Nigeria
HQ citystring
Lagos
HQ countrystring
Nigeria
HQ regionstring
Africa
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
crude oil production, oil exploration services, upstream oil and gas, petroleum exploration, energy production
Industry3 codes
PRIMARYEUALAAAF
Production Operations & Well Optimization (Artificial Lift, Flow Assurance)
Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)
SECONDARYEUALAAAM
Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare)
Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)
SECONDARYTLAGAJAA
Crude Oil Field Gathering Systems
Transportation & Logistics/Pipeline Transportation/Pipeline Gathering Systems (Upstream Field Gathering)
NAICS code2 codes
  • Oil and Gas Extraction2111
  • Crude Petroleum Extraction211120
SIC code1 code
  • Crude Petroleum & Natural Gas1311
Product category
Crude Oil Exploration and Production
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Crude Oil Production and Sales
TypeTransaction Fee
Description

SEEPCO generates revenue through the exploration, production, and sale of crude oil extracted from its Okwuibome field in Nigeria. The crude oil is sold directly to state-run refining companies, including Indian public-sector refiners Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited. The company achieved first oil within a record time of two years from signing the PSC in 2005.

aninews.in
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

SEEPCO is an upstream oil and gas exploration and production company that extracts crude oil from its Okwuibome field in Nigeria and sells it primarily to Indian state-run refiners (Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited) under long-term offtake arrangements. The company ships crude via Atlantic routes to bypass the Strait of Hormuz, providing a diversified supply source for energy security purposes.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 6 million barrels of crude oil supplied to Indian refiners between March and May 2026
+3 more records
Product overview1 text field

SEEPCO (Sterling Oil Exploration & Energy Production Company Limited) is a Nigeria-based oil exploration and production company that operates as a single-product business focused on crude oil extraction and supply. The company extracts crude oil from its Okwuibome field and supplies it to international refiners. The product offering is a single commodity (crude oil) rather than a platform or software product.

Product and service1 record
1Crude Oil Production
CategoryUpstream Oil and Gas
Description

SEEPCO's core product is crude oil extracted from its Okwuibome field in Nigeria under OML-13 license. The crude is sold via long-term offtake agreements to enterprise refiners, primarily Indian state-run public-sector oil refiners, supplying approximately 6 million barrels between March and May 2026.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership10 partners
1Akwa Ibom State Government
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-04
Description

Partnership with Akwa Ibom State Government through VCDF to strengthen women's participation in local economies. Training programs in Entrepreneurship Development, Financial Literacy and Business Inclusion provided to 100 women in Eastern Obolo LGA.

2Nigerian Army 6 Battalion
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-05-28
Description

Partnership with Nigerian Army 6 Battalion in Akwa Ibom State to organize vocational and entrepreneurship training for 100 women across Ankara craft, catering, soap making, and hairdressing. Participants received business start-up kits and 6 months of business development services.

3Vcare for Development Foundation (VCDF)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-22
Description

Ongoing strategic CSR partnership where VCDF implements community development programs supported by SEEPCO. Programs include women's empowerment, healthcare initiatives, education support, environmental campaigns, and blood donation drives. Partnership has generated significant social impact across Nigeria with thousands of beneficiaries.

4Centre for Legal Support and Inmate Rehabilitation (CELSIR)
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-12-01
Description

Partnership through VCDF to launch Reform360 program providing mental health first aid training to over 100 inmates at Ikoyi Male Medium Security Custodial Centre. Certificates awarded to 107 participants including seven officials.

5Association of Energy Correspondents of Nigeria (NAEC)
Strategic tierFlagshipTypeGTM or Marketing PartnerAnnounced on2025-10-09
Description

Sustainability partnership launched at NAEC 2025 Annual Conference dedicated to promoting sustainability awareness, responsible energy practices, and capacity building within media and energy industry. Partnership includes 'Bringing Smiles with Each Barrel' campaign and joint ESG initiatives.

stoilmgt.com
6Nigeria Union of Journalists (NUJ), News Agency of Nigeria (NAN) Chapel
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2025-09-30
Description

Partnership supporting 2025 NUJ-NAN Press Week Lecture themed 'Transforming Energy: The Digital Evolution of Oil and Gas.' SEEPCO received Award of Sponsorship Appreciation for commitment to innovation, technology, and sustainability.

7OML-13 Host Community Development Trust (HCDT)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-09-15
Description

Established under Petroleum Industry Act provisions, the HCDT was inaugurated in 2024 following NUPRC approval. The trust enables communities to directly manage development initiatives including farmland restoration, borehole rehabilitation, and skill-building programs.

stoilmgt.com
8Lagos State Blood Transfusion Service (LSBTS)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-04-24
Description

Partnership supporting blood donation drives since 2022. VCDF and SEEPCO have contributed over 1,404 pints of blood to Lagos State blood bank, benefiting more than 2,000 patients. SEEPCO launched Employee Blood Donor Club to sustain voluntary blood donation culture.

stoilmgt.com
9Lagos State Waste Management Authority (LAWMA)
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-04-06
Description

Partnership with LAWMA and Iru-Victoria Island LCDA to conduct Street Hygiene and Cleanliness Campaign in Victoria Island, Lagos. SEEPCO provided sanitation tools and PPE to volunteers for environmental cleanup.

10Lagos State Ministry of Education
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-02-24
Description

Partnership with Lagos and Akwa Ibom State Ministries of Education to host Science Project Exhibition and Competition. Initiative inspired young learners in scientific exploration, engaging over 4,000 students and 215 principals and teachers.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1ND Western Limited
TypeDirect peer
Description

Nigerian upstream company operating OML 34, focused on crude oil production and gas processing. Directly comparable to SEEPCO as a Nigerian E&P producer operating in similar regulatory and operating environments.

2Seplat Energy Plc
TypeDirect peer
Description

Nigeria-focused independent upstream oil and gas company listed in London and Lagos, producing crude oil and natural gas from onshore assets. Directly comparable to SEEPCO as a mid-tier Nigerian E&P operator selling into international markets.

3Sahara Group
TypeBroad incumbent
Description

Nigeria-headquartered integrated energy company spanning upstream, midstream, and downstream operations across Africa. Comparable to SEEPCO at the upstream production level, though broader in scope.

4Orca Exploration Group
TypeRegional player
Description

Africa-focused upstream company with natural gas and crude oil operations, primarily in Tanzania. Comparable to SEEPCO as a mid-tier African independent E&P of similar scale, though operating in different geography.

5Aiteo Group
TypeDirect peer
Description

Nigerian integrated energy company with major upstream crude production at OML 29. Comparable to SEEPCO as a Nigerian E&P of comparable scale producing crude oil for export and refining customers.

6Heirs Holdings
TypeEmerging player
Description

African-focused investment company with significant Nigerian upstream operations including OML 17. Comparable to SEEPCO as a Nigerian E&P operator pursuing both production and integrated energy ambitions.

7Lekoil Limited
TypeEmerging player
Description

West Africa-focused upstream oil and gas company with Nigerian operations. Comparable to SEEPCO as an African-focused mid-tier E&P pursuing Nigerian acreage, though at a smaller and earlier stage.

8Oando Energy Resources
TypeDirect peer
Description

Nigeria-based upstream oil and gas company with producing assets and midstream operations. Comparable to SEEPCO in operating focus on Nigerian crude production and B2B sales to refiners.

9Yinka Folawiyo Petroleum
TypeDirect peer
Description

Nigerian independent E&P company producing from OML 113 offshore Lagos. Comparable to SEEPCO as a Nigerian upstream operator with crude oil production and refining-customer offtake relationships.

10First Exploration & Petroleum Development Corporation
TypeDirect peer
Description

Nigerian upstream E&P company with onshore and shallow-water assets producing crude oil. Comparable to SEEPCO in mid-tier Nigerian E&P profile, asset scale, and crude-focused product mix.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SEEPCO

Crude Oil Exploration and Productionstoilmgt.com

SEEPCO firmographics

Firmographics
Name
SEEPCO
Legal name
Sterling Oil Exploration & Energy Production Co. Ltd.
Website
https://stoilmgt.com
Company type
Private
Founded year
2003
Operating status
Operating
Headcount range
251–500 employees
Ownership category
akta.pro rank

SEEPCO industry classification

Industry
Product category
Crude Oil Exploration and Production
NAICS
Oil and Gas Extraction (2111), Crude Petroleum Extraction (211120)
SIC
Crude Petroleum & Natural Gas (1311)
akta.pro industry
PRIMARYEUALAAAF
Production Operations & Well Optimization (Artificial Lift, Flow Assurance)
Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)
SECONDARYEUALAAAM
Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare)
Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)
SECONDARYTLAGAJAA
Crude Oil Field Gathering Systems
Transportation & Logistics/Pipeline Transportation/Pipeline Gathering Systems (Upstream Field Gathering)

Keywords

  • Crude oil production
  • Oil exploration services
  • Upstream oil and gas
  • Petroleum exploration
  • Energy production

Where SEEPCO is headquartered

Location

Headquarters

HQ city
Lagos
HQ country
Nigeria
HQ region
Africa

Offices2 records

Markets served

SEEPCO business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

  1. Crude Oil Production and Sales: SEEPCO generates revenue through the exploration, production, and sale of crude oil extracted from its Okwuibome field in Nigeria. The crude oil is sold directly to state-run refining companies, including Indian public-sector refiners Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited. The company achieved first oil within a record time of two years from signing the PSC in 2005.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

SEEPCO product offering

Product offering

Core offering

SEEPCO is an upstream oil and gas exploration and production company that extracts crude oil from its Okwuibome field in Nigeria and sells it primarily to Indian state-run refiners (Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited) under long-term offtake arrangements. The company ships crude via Atlantic routes to bypass the Strait of Hormuz, providing a diversified supply source for energy security purposes.

Product overview

SEEPCO (Sterling Oil Exploration & Energy Production Company Limited) is a Nigeria-based oil exploration and production company that operates as a single-product business focused on crude oil extraction and supply. The company extracts crude oil from its Okwuibome field and supplies it to international refiners. The product offering is a single commodity (crude oil) rather than a platform or software product.

Differentiator

Problem solved

Functional benefit

Products and services

  • Crude Oil Production SEEPCO's core product is crude oil extracted from its Okwuibome field in Nigeria under OML-13 license. The crude is sold via long-term offtake agreements to enterprise refiners, primarily Indian state-run public-sector oil refiners, supplying approximately 6 million barrels between March and May 2026.

Quantifiable outcome

  • 6 million barrels of crude oil supplied to Indian refiners between March and May 2026
  • +3 more outcomes

Companies that use SEEPCO

Customer profile

Named customers3 records

Segments1 record

Ideal customer profiles1 record

SEEPCO technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature8 records

SEEPCO partnerships and signals

Strategic signal

Partnerships

Ten partnerships are on record, tiered core, minor and flagship.

  • Akwa Ibom State GovernmentcoreStrategic or Co-development Partner · 4 June 2026Partnership with Akwa Ibom State Government through VCDF to strengthen women's participation in local economies. Training programs in Entrepreneurship Development, Financial Literacy and Business Inclusion provided to 100 women in Eastern Obolo LGA.
  • Nigerian Army 6 BattalioncoreStrategic or Co-development Partner · 28 May 2026Partnership with Nigerian Army 6 Battalion in Akwa Ibom State to organize vocational and entrepreneurship training for 100 women across Ankara craft, catering, soap making, and hairdressing. Participants received business start-up kits and 6 months of business development services.
  • Vcare for Development Foundation (VCDF)coreStrategic or Co-development Partner · 22 April 2026Ongoing strategic CSR partnership where VCDF implements community development programs supported by SEEPCO. Programs include women's empowerment, healthcare initiatives, education support, environmental campaigns, and blood donation drives. Partnership has generated significant social impact across Nigeria with thousands of beneficiaries.
  • Centre for Legal Support and Inmate Rehabilitation (CELSIR)minorStrategic or Co-development Partner · 1 December 2025Partnership through VCDF to launch Reform360 program providing mental health first aid training to over 100 inmates at Ikoyi Male Medium Security Custodial Centre. Certificates awarded to 107 participants including seven officials.
  • Association of Energy Correspondents of Nigeria (NAEC)flagshipGTM or Marketing Partner · 9 October 2025Sustainability partnership launched at NAEC 2025 Annual Conference dedicated to promoting sustainability awareness, responsible energy practices, and capacity building within media and energy industry. Partnership includes 'Bringing Smiles with Each Barrel' campaign and joint ESG initiatives.
  • Nigeria Union of Journalists (NUJ), News Agency of Nigeria (NAN) ChapelminorGTM or Marketing Partner · 30 September 2025Partnership supporting 2025 NUJ-NAN Press Week Lecture themed 'Transforming Energy: The Digital Evolution of Oil and Gas.' SEEPCO received Award of Sponsorship Appreciation for commitment to innovation, technology, and sustainability.
  • OML-13 Host Community Development Trust (HCDT)coreStrategic or Co-development Partner · 15 September 2025Established under Petroleum Industry Act provisions, the HCDT was inaugurated in 2024 following NUPRC approval. The trust enables communities to directly manage development initiatives including farmland restoration, borehole rehabilitation, and skill-building programs.
  • Lagos State Blood Transfusion Service (LSBTS)coreStrategic or Co-development Partner · 24 April 2025Partnership supporting blood donation drives since 2022. VCDF and SEEPCO have contributed over 1,404 pints of blood to Lagos State blood bank, benefiting more than 2,000 patients. SEEPCO launched Employee Blood Donor Club to sustain voluntary blood donation culture.
  • Lagos State Waste Management Authority (LAWMA)minorStrategic or Co-development Partner · 6 April 2025Partnership with LAWMA and Iru-Victoria Island LCDA to conduct Street Hygiene and Cleanliness Campaign in Victoria Island, Lagos. SEEPCO provided sanitation tools and PPE to volunteers for environmental cleanup.
  • Lagos State Ministry of EducationminorStrategic or Co-development Partner · 24 February 2025Partnership with Lagos and Akwa Ibom State Ministries of Education to host Science Project Exhibition and Competition. Initiative inspired young learners in scientific exploration, engaging over 4,000 students and 215 principals and teachers.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

SEEPCO competitors and assessment

Company assessment

Direct peers

  • ND Western Limited: Nigerian upstream company operating OML 34, focused on crude oil production and gas processing. Directly comparable to SEEPCO as a Nigerian E&P producer operating in similar regulatory and operating environments.
  • Seplat Energy Plc: Nigeria-focused independent upstream oil and gas company listed in London and Lagos, producing crude oil and natural gas from onshore assets. Directly comparable to SEEPCO as a mid-tier Nigerian E&P operator selling into international markets.
  • Aiteo Group: Nigerian integrated energy company with major upstream crude production at OML 29. Comparable to SEEPCO as a Nigerian E&P of comparable scale producing crude oil for export and refining customers.
  • Oando Energy Resources: Nigeria-based upstream oil and gas company with producing assets and midstream operations. Comparable to SEEPCO in operating focus on Nigerian crude production and B2B sales to refiners.
  • Yinka Folawiyo Petroleum: Nigerian independent E&P company producing from OML 113 offshore Lagos. Comparable to SEEPCO as a Nigerian upstream operator with crude oil production and refining-customer offtake relationships.
  • First Exploration & Petroleum Development Corporation: Nigerian upstream E&P company with onshore and shallow-water assets producing crude oil. Comparable to SEEPCO in mid-tier Nigerian E&P profile, asset scale, and crude-focused product mix.

Broad incumbents

  • Sahara Group: Nigeria-headquartered integrated energy company spanning upstream, midstream, and downstream operations across Africa. Comparable to SEEPCO at the upstream production level, though broader in scope.

Regional players

  • Orca Exploration Group: Africa-focused upstream company with natural gas and crude oil operations, primarily in Tanzania. Comparable to SEEPCO as a mid-tier African independent E&P of similar scale, though operating in different geography.

Emerging players

  • Heirs Holdings: African-focused investment company with significant Nigerian upstream operations including OML 17. Comparable to SEEPCO as a Nigerian E&P operator pursuing both production and integrated energy ambitions.
  • Lekoil Limited: West Africa-focused upstream oil and gas company with Nigerian operations. Comparable to SEEPCO as an African-focused mid-tier E&P pursuing Nigerian acreage, though at a smaller and earlier stage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

SEEPCO social profiles

Digital presence

SEEPCO financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SEEPCO leadership team

Management profile

Number of profiles

Profiles5 records

SEEPCO funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SEEPCO M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SEEPCO

What does SEEPCO do?

SEEPCO is an upstream oil and gas exploration and production company that extracts crude oil from its Okwuibome field in Nigeria and sells it primarily to Indian state-run refiners (Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited) under long-term offtake arrangements. The company ships crude via Atlantic routes to bypass the Strait of Hormuz, providing a diversified supply source for energy security purposes.

Is SEEPCO a public or private company?

SEEPCO is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was SEEPCO founded?

SEEPCO was founded in 2003. It employs 251 to 500 people.

Where is SEEPCO based?

SEEPCO is headquartered in Lagos, Nigeria, in the Africa region.

How does SEEPCO make money?

One revenue line is on record: crude Oil Production and Sales.

Who are SEEPCO's main competitors?

Direct peers on record are ND Western Limited, Seplat Energy Plc, Aiteo Group, Oando Energy Resources, Yinka Folawiyo Petroleum and First Exploration & Petroleum Development Corporation. Sahara Group is listed as a broad incumbent. Orca Exploration Group is listed as a regional player. Emerging players are Heirs Holdings and Lekoil Limited.

Does SEEPCO have an API?

No public API is recorded for SEEPCO.

What industry is SEEPCO in?

SEEPCO's product category is Crude Oil Exploration and Production. Its primary akta.pro industry code is EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance), with a secondary code of EUALAAAM, Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare). Its NAICS code is 2111 and its SIC code is 1311.

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Live signals
ThenationonlinengNavy, SEEPCO unveil made-in-Nigeria vessel for maritime securityThe Nigerian Navy partnered with Sterling Oil Exploration and Energy Production Company (SEEPCO) to strengthen maritime security by inducting the SSV-KALI 3, the first of ten private logistics vessels provided by SEEPCO. The vessel, fabricated locally by Yade Barge Operations Limited, will support operations against crude oil theft under Operation Delta Sentinel. This collaboration aims to protect energy infrastructure and boost investor confidence in Nigeria's production corridors.THISDAYLIVESEEPCO’s Nigerian-made Vessel Signals New Era in Maritime Security – THISDAYLIVESterling Oil Exploration and Energy Production Company Limited (SEEPCO) inducted the SSV Kali 3, a 40-metre security support vessel designed and built locally at the Okpai HM Shipyard in Delta State. This marks the first of ten vessels SEEPCO is providing to the Nigerian Navy under a Memorandum of Agreement to enhance maritime security and protect critical energy assets. The initiative represents a strategic partnership between the private sector and the military to bolster indigenous shipbuilding capabilities and secure Nigeria's offshore operations.THISDAYLIVECNS Inducts New Security Patrol Vessel in Delta – THISDAYLIVEThe Nigerian Navy inducted the SSV-KALI 3, a security patrol vessel provided by Sterling Oil Exploration and Energy Production Company Nigeria Limited (SEEPCO), to enhance maritime security in the Niger Delta. This induction operationalizes a partnership where SEEPCO provides vessels for the Navy to use in combating crude oil theft and protecting offshore assets. The CNS linked these security efforts to improved national crude oil production levels, which reached their highest point in 74 months.Vanguard NewsThe Kali-3 Project: How SEEPCO built a Naval vessel in NigeriaSEEPCO, in partnership with the Nigerian Navy, has delivered the naval vessel Kali-3 to enhance maritime security and combat illegal activities in Nigerian waters. The project utilized local Niger Delta engineers and technicians to design and construct the vessel, aiming to bridge security gaps and protect critical energy assets in the Gulf of Guinea.Punch NewspapersRMAFC orders NUPRC to dissolve disputed host community trustThe Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has ordered the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to dissolve a disputed Host Community Development Trust within 48 hours following an investigative hearing into Sterling Oil Exploration and Energy Production Company. The directive stems from concerns regarding the trust's constitution, representation of affected oil-producing communities, and compliance with the Petroleum Industry Act. The commission emphasized its commitment to ensuring transparency and accountability in the management of national revenue assets for host communities.Punch NewspapersRMAFC gives NUPRC 48 hours to dissolve host community trustThe Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has given the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) 48 hours to dissolve a disputed Host Community Development Trust following an investigative hearing into Sterling Oil Exploration and Energy Production Company's compliance with the Petroleum Industry Act. The RMAFC's Investment Monitoring Committee raised concerns about the trust's constitution and representation of affected oil-producing communities, while also ordering SEEPCO to pay amounts owed to host communities and criticizing the company for repeatedly failing to appear at hearings. The NUPRC defended its implementation, stating the trust was properly incorporated, funded and structured in accordance with the law, though representatives of affected communities argued adequate consultations were not conducted.The Times of IndiaSEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners, ETEnergyworldIndia's state-run refiners—Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited—sourced nearly six million barrels of crude oil from Nigeria's Sterling Oil Exploration & Energy Production Company Limited between March and May 2026. The crude, produced from SEEPCO's Okwuibome field, was shipped through Atlantic routes to bypass the Strait of Hormuz amid West Asia crisis concerns. The transaction marks SEEPCO's renewed engagement with India's public-sector refining companies and highlights the role of diversified supply sources in maintaining energy security during periods of global uncertainty.The Times of IndiaSEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners - The Economic TimesIndia's state-run refiners—Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited—received nearly six million barrels of crude oil from Nigeria-based Sterling Oil Exploration & Energy Production Company Limited between March and May 2026. The crude was produced from SEEPCO's Okwuibome field and shipped to India via Atlantic routes, bypassing the Strait of Hormuz amid concerns over oil supply disruptions in the Gulf region linked to the West Asia crisis. The deliveries mark SEEPCO's renewed engagement with India's public-sector refining companies and highlight the strategic importance of diversified supply sources for maintaining energy security.Business News TodaySEEPCO supplies 6 million barrels of Nigerian crude to Indian refinersSterling Oil Exploration & Energy Production Company Limited (SEEPCO) supplied approximately six million barrels of Nigerian crude oil to Indian state-run refiners Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) between March and May 2026. The crude was produced from SEEPCO's Okwuibome field in Nigeria and shipped to India via Atlantic routes, avoiding the Strait of Hormuz amid heightened geopolitical tensions in the Gulf region. The deliveries mark SEEPCO's renewed engagement with India's public-sector refiners and demonstrate the strategic value of diversified crude sourcing for India's energy security.Ani NewsSEEPCO supplies 6 million barrels of Nigerian crude to Indian refinersSterling Oil Exploration & Energy Production Company Limited (SEEPCO), a Nigeria-based oil producer led by Indian entrepreneur Nitin Sandesara, supplied approximately 6 million barrels of Nigerian crude oil to Indian state-run refiners Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited between March and May 2026. The crude was produced from SEEPCO's Okwuibome field in Nigeria and shipped through Atlantic routes to bypass the Strait of Hormuz amid growing concerns over oil supply disruptions in the Gulf region due to the West Asia crisis. The deliveries represent SEEPCO's renewed engagement with India's public-sector refining companies and underscore the strategic value of diversified crude supply sources and overseas production assets in maintaining energy security.