Oil & Minerals: Powering Progress
The Oil & Minerals division is a core component of STCO Group's strategic expansion, focusing on the exploration and production of vital energy and mineral resources. Through our group company,
Ansan Wikfs Investments Limited, we are a principal partner in significant ventures across Yemen and Sudan, contributing to regional energy security and economic development.
Our Energy Ventures
Our operations are geographically focused, with major projects and partnerships in both Yemen and Sudan. In Yemen, our efforts have led to the nation's first significant mineral discovery and the successful production of oil. In Sudan, we are an active operator with working interests in multiple blocks containing past oil discoveries and potential for gold and other base metals.
Key Discoveries
Our exploration efforts have yielded significant discoveries that are pivotal to the industry in the region.
- Tasour Oil Field (Yemen): As the founder and principal partner in a consortium for oil exploration in Block 32, Massila, we announced the Tasour oil discovery in November 1997. This field is located entirely within Block 32, and production successfully began in November 2000.
- Jabali Mineral Deposit (Yemen): In partnership with the UK-based company ZincOx Limited, we hold a 48% stake in the Jabali Mineral Exploration Licence. This project represents the first significant discovery of minerals in Yemen and is a large reserve of zinc ore that is exploitable through an open-pit operation.
- Sudan Oil Discoveries: Our operations in Sudan's Block 17 include two past oil discoveries known as Abu Gabra and Sharif.
Exploration & Development
Our strategy involves proactive exploration and development through strong international partnerships.
- Yemen Operations: Beyond the successful Block 32, Ansan Wikfs holds four other concessions in Yemen through separate partnerships with DNO ASA, a Norwegian independent oil and gas company. We also have a joint venture for mineral exploration with MINORCO and ZINCOX.
- Sudan Operations: Ansan is the Operator in Block 17 with Sudapet, holding a 66% working interest. In Block 12A, we retain a 20% working interest with joint operator rights alongside partners including Sudapet and the Qahtani Group of Saudi Arabia. Furthermore, in late 2007, Ansan signed an exploration agreement for gold and other base metals with the Geological Research Authority of the Sudan (GRAS).
Sustainability
We are committed to responsible and sustainable practices in all our exploration and development activities. Our approach prioritizes environmental stewardship, safety, and community engagement, ensuring that we contribute positively to the regions where we operate while meeting global standards for corporate responsibility.
A History of Milestones
For over six decades, STCO Group has consistently set new benchmarks in the region. Our achievements are a testament to our strategic vision, unwavering commitment to quality, and dedication to economic development. Here are some of our most significant milestones
We have been a trusted leader in the Middle East and Africa since our founding in 1963, a testament to our enduring vision and stability.
We are a major employer, contributing to job creation and economic growth in the region
Our diversified business model provides a resilient and powerful presence across multiple sectors
Exclusive partnerships with global brands have solidified our position as a dominant force in the market.
Get in Touch with STCO Group
We are always ready to discuss new opportunities, partnerships, and collaborations. If you have any inquiries or would like to learn more about our work, please fill out the form below and a member of our team will get back to you shortly.