China National Offshore Oil Corporation
In February 2005, SAPETRO was granted Oil Mining Lease (OML) 130 and thereafter the Federal government backed in through the Nigerian National Petroleum Corporation (NNPC). In June 2006, SAPETRO divested part of its contractor rights and obligations to China National Offshore Oil Corporation (CNOOC). SAPETRO produced its "first oil" (condensate) on 4 March 2009.