Shebah E&P Company Limited (SEPCOL) was created in 2004 and is headquartered in Lagos, Nigeria. In 2004 SEPCOL acquired ConocoPhillips' 40% equity interest in OML 108 and by virtue of that acquisition became the Technical Operator of the block. EXPRESS Petroleum and CAMAC Limited own the remain 60% equity interest on OML 108.
SEPCOL's corporate goal is to reach at least 50,000bopd oil production and average 300mmscf/d of gas by end of year 2019.
To achieve these target, SEPCOL intends to continue the re-development and appraisal of Ukpokiti and Kunza field which both hold current discoveries as well as carry on with exploration activities including planned acquisition of 3D 4-Component OBC seismic over OML 108. The block OML 108 covers more than 750sqkm in areal extent. SEPCOL remains interested in acquisition of other E&P assets in Nigeria and around Africa including Farm-in to existing and producing assets.
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