SP Offshore’s core business is investing in exploration & production companies and assets. To de-risk investment we implement project management services and provide executive, technical and execution management teams. SPO play’s an active role in the development, and finance of any project that we invest in. We offer expert trading and hedging services.
Our Business focus
SP OFFSHORE has invested in offshore Africa under PSC’ ranging from ultra-deep water Mozambique Channel, to the prolific shallow and intermediate waters of the Gulf of Guinea. Our acerage as of 2018 is over 18k Km2 (Gross) with net Prospective Resources of over 2 BBOE.
Our gross reserves are estimated at 15 MMbbl’s (2P+3P). An aggressive work program campaign designed for conversion of additional contingent reserves and resources and exploration is commencing in 2019-2021.
Our Deep water business is focused on targets greater than 500 MMbo identifiable in both frontier margins of East Africa and as well as proven deep and intermediate waters of West Africa.
Our strategy has consistently yielded the best possible returns for our investors and as well as the host governments and communities in which we operate.
The Board shares our passion and are confident we can leverage our strengths to become a equity driven, leading integrated investment company.