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Vitol

Contacts

Vitol
Belgrave House
76 Buckingham Palace Road
London, SW1W 9TQ
United Kingdom

Tel: (44 20) 7973 4200

Description

Vitol, a private company founded in Rotterdam in 1966,  is an energy and commodities company and sits at the heart of the world’s energy flows.

Vitol has been building its upstream oil and gas business for over 20 years. Operated production is around 3,500 barrels per day equivalent of oil and gas in West Africa, Eastern Europe, Central Asia, the Middle East and the US. For over 50 years Vitol has served the world’s energy markets; trading over seven million barrels of crude oil and products a day and delivering energy products to countries worldwide

A key project is the Sankofa integrated oil & gas development, offshore Ghana. Originally discovered by Vitol in 2009 with the Sankofa-1X exploration well, oil production will build up to a peak rate of around 50,000 barrels a day. Gas production is expected to commence during Q2 2018, delivering a daily rate of approximately 200 million cubic feet into the domestic gas infrastructure.

The company's assets in the FSU are managed by Vitol’s subsidiary, Arawak Energy, which provides all of Vitol's production and is an established and trusted operator of onshore fields in Russia, Kazakhstan and Azerbaijan. The company's other upstream unit, Vitol Exploration and Production (Vitol E&P), focuses on offshore exploration and development in West Africa.

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