Shebah E&P Company Limited (SEPCOL) was created in 2004 and is headquartered in Lagos, Nigeria.

SEPCOL operates the Ukpokiti offshore field in Shallow water Nigeria, which was acquired from ConocoPhillips in May 2004.

SEPCOL is a duly incorporated Nigerian company owned by a combination of Nigerian and foreign nationals and oil & gas related corporate entities, which include:

• Abbeycourt Trading Company Limited (ATCO) - A petroleum trading company which, in collaboration with Ordrec, Abbeycourt Trading AG and Glencore UK Limited has traded over 30 million barrels of Nigerian crude oil and over 2 million metric tonnes of refined petroleum products with a cumulative turnover in excess of US$1.5 billion in the past ten years.

• Abbeycourt Petroleum Company Limited

• Allenne Limited - An offshore company which purchased the FPSO TRINITY SPIRIT from ConocoPhillips Norway and leased same to SEPCOL on a bareboat basis.

SEPCOL's  corporate goal is to be a producer of at least 30,000 b/d by 2010.

To achieve this target, SEPCOL intends to continue the redevelopment of work program on its Nigerian properties, and to become a technical and financial services provider to the various owners of acreages in West Africa with proved undeveloped reserves.