Dansaki Petroleum Limited was established on June 5, 2000 by a group of retired engineers and professionals who have had many years of experience in the oil industry.
Their early experience in their career was on early production strategy which saw newly discovered fields with two to three wells put on production. The wells flowed through two stages, two phase separation system into a surge vessel, to a Lease Automatic Custody Transfer (LACT) unit and to storage tanker for fiscalisation.
DPL objective is to seek, develop, produce, refine and market petroleum. When the Federal Government of Nigeria invited applications from indigenous companies for allocation of marginal fields, Dansaki Petroleum Limited applied for two fields of interest, one offshore and the other onshore.
After consideration of all the applications, submitted by 71 companies in 2002, the Government awarded 24 fields to 31 companies in year 2004.
Tom Shot Bank offshore oilfield in Akwa Ibom State was awarded to two companies, namely Associated Oil And Gas Services Company Limited (AOGSL) with 51 percent equity and Dansaki Petroleum Limited with 49 percent equity, while AOGSL was designated the operator.
Updated on November 22, 2012