Tuesday, August 5, 2008
This 13-storey building is where the South Atlantic Petroleum Limited, Sapetro, is domiciled on Victoria Island. It is an indigenous oil drilling company. One of the few oil companies owned by locals in Nigeria's huge but increasingly moribund oil industry.
Owing to increased attacks by militants in the country's oil Niger Delta, the country and indeed the world is suffering a shortage and therefore a rocketing increase in oil price.