Vitol has been building its upstream oil and gas business for almost 20 years. Today, we have a diversified portfolio of exploration, appraisal, development and production assets in the Former Soviet Union (FSU) and West Africa.

Our operated production is currently in excess of 8,000 barrels of oil per day (bopd) and has been as high as 36,000 bopd and our proved plus probable (2P) reserves and discovered resources in excess of 200 million barrels of oil equivalent. Although we already hold a large portfolio of discovered but undeveloped oil and gas resources and a material exploration inventory, we are continuously seeking other growth opportunities both within our current core areas of West Africa and the FSU and more broadly in Africa and elsewhere. Most recently we have identified Latin America as a region in which to expand our upstream portfolio and are actively pursuing opportunities there.