Advanced Petroleum Company (APCO)

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Advanced Petroleum Company (APCO) is an operating company for a joint venture (JV) of shareholding partners that originally included Cliveden (37 percent share); Hi-Tech Group (28 percent); Sudapet (17%); the State of Khartoum (10%) and Heiglig Petroleum (8%). [1] APCO was established on 21 October 2003 by the signing of an Exploration & Production Sharing Agreement (EPSA) between the Ministry of Energy and Mining of Sudan and the company’s shareholders.[2]

APCO's concession area is Block C, according to the APCO website, straddling the border between South Sudan and Sudan.[2] According to an April 2008 report by the European Commission on Oil in Sudan, APCO drilled five dry wells in Block C in 2005 and 2006, leading to the withdrawal of Cliveden from the consortium.[3]

References

  1. "Sudan Watch" Sudan Watch blog, 15 June 2005.
  2. 2.0 2.1 "Advanced Petroleum Company" APCO website, Retrieved 2 July 2012.
  3. "Sudan's Oil Industry - Facts and Analysis, April 2008" APCO website, Retrieved 2 July 2012.