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NEWS (Phase-III Conceptual Design .. Establishment of PL emergency response team at PS#3 & PS#4  )             EVENTS : ( Petro Energy 1st Family Day Out.. Exploration Technical Review (ETR).. The 5th Development Technical Review (DTR) of Petro-Energy E&P.. Phase II Completion Ceremony)

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PROFILE

     
Objectives

Petro Energy  E&P is an oil & gas operating company with main objective is to explore, develop, and produce oil & gas in block 6 ¨C Sudan (See concession map)
Petro Energy E&P was officially established by the signing of the Production Sharing Agreement (PSA) between the Ministry of Energy and Mining (MEM) of Sudan and the company¡¯s shareholders.
Shareholders

            According to Production Sharing Agreement (PSA)

             CNPCI ¨C 95%

             SUDAPET ¨C 5%

            According to Crude Oil Pipeline Agreement (COPA)

             CNPCI  - 100%

Legal status

     Petro-Energy E&P is an international oil company duly in corporate,  
     validly existing and of good standing under the laws of the British
     Virgin Islands.
     Petro-Energy E&P having a registered branch under the laws of
     Sudan, with registered office at PDOC & PE Tower, Alsunut Area, Almogran,
     Khartoum, Sudan.
     Date of registration was Oct.16th, 2006.

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