History

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Our share acquisition contributed to the success of Seplat's IPO at the London Stock Exchange

Eden TV and Diaspora FM are the two broadcast entities of Petrolin Group. The project began in early 2013 when Petrolin Group applied to Benin’s High Authority for Audiovisual and Communications (HAAC), and was granted two licences: one for a herzien television channel, and the other for a radio station. The project took off with the creation of Eden TV and Diaspora FM in 2014.

Petrolin is one of the principal shareholders of ND Western Limited, a Nigerian company which, in 2012, acquired45% participating interest held by Shell, Total and Eni in Block OML 34.  This block has a production capacity of 600 million cubic feet of gas per day and 20,000 barrels of oil per day—extendable to 60,000 barrels of oil per day.

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Signing of the Public-Private Partnership Framework Convention between the Republic of Benin and Petrolin; the convention covers all the components of the «Epine Dorsale» or Backbone Project.

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In compliance with regulations of the Johannesburg Stock Exchange, Petronas, parent company of the South African Engen, together with Petrolin, were able to orient their efforts and mutual understanding in a transaction agreement. Under terms of this transaction, Energy Africa shares held by Engen, Petrolin and other minority shareholders were ceded to Tullow Oil who absorbed the assets of Energy Africa in their entirety and Tullow Oil thereby obtained a listing on the London Stock Exchange in 2004.

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Pursuant to their agreement of 1994, Engen and Petrolin UK Ltd render public their partnership via the quotation of Energy Africa shares on the Johannesburg Stock Exchange with Engen holding a majority stake in the company and Petrolin holding an important strategic stake.

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Since 1992, Petrolin Group has been active in the Trading of crude oil and refined products from Africa, principally from Gabon.

Some producers have no marketing capability or trading department, and have therefore granted to Petrolin Group the exclusive right to market their production share as well as their partners’ share under production-sharing agreements where the operator is contractually responsible for marketing of production. It is in this context that, between 1995 and 2012, small volumes of crude oil belonging to the Gabonese State found their way into the far larger volumes marketed by Petrolin Group.

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With the goal of creating an analytic product best suited for the management of petrotechnical data, Petrolin Group developed an application software package for her clients.

Conscious of the difficulties encountered by many African countries in the promotion of their minerals domain, Petrolin developed at their behest, in partnership with Stephenson and Associates, a petrotechnical data management tool, PSApphire. User friendly and cost effective, PSApphire was also chosen by governmental agencies charged with management of hydrocarbons, such as the Direction General des Hydrocarbures of Gabon, as well as by oil companies such as Addax Petroleum. Utilising a geographic information system PSApphire allows rapid access to information thanks to spatial data representation. In addition to the installation of this tool with clients, Petrolin and her partner Stephenson and Associates assist with the collection of data (reports, maps, seismic sections, well logs, etc.), their registration and their introduction with geo-referencing in the PSApphire data bank.

Only two months following the investiture of Nelson Mandela as President of the Republic of South Africa, in July 1994 Petrolin concluded a strategic partnership agreement with the South African Petroleum Giant, Engen-persuading  its partner, Engen, to make upstream oil investments throughout Africa, which led two years later to the establishment of the first African Exploration and Production Company, Energy Africa.

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With 20 years of experience in the oil industry, Mr. Samuel Dossou-Aworet created Petrolin UK in 1992. Initially Petrolin UK Ltd was a crude oil trading, and refinery processing company aiming to commercialise refined petroleum products.

His expertise led to a successful consulting practice disseminating strategic advice for oil producing countries (Benin, Congo, Gabon, RDC, Chad, etc.), for international organizations (APPA, ABR and OPEC), and International Oil Companies such as Tullow Oil.