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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > Seven Seas Petroleum Inc.

Seven Seas Petroleum Inc.
AMEX: SEV
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 PROFILE
The seven seas may cover the planet, but Seven Seas Petroleum prefers to focus on one area: onshore Colombia. The exploration and production company's main holding is its 58% interest in the Dindal and Río Seco contracts in the Guaduas oil field of the Magdalena Basin near Bogotá. Contracts for the zones were made with Colombian national oil company Empresa Colombiana de Petróleos (Ecopetrol). Seven Seas has proved reserves of 47.9 million barrels of oil within Guaduas field, and the company and its partners are building a 36-mile pipeline from the field to Colombia's existing pipeline system. The struggling new firm, which is 15%-owned by CEO Robert Hefner, is seeking an infusion of cash to continue exploring.

 COMPETITION
Nexen Inc. (NXY)
Occidental Petroleum Corporation (OXY)
Petrobras America Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4.60
1-Yr. Sales Growth: 100.0%
Employees: 73
Revenue per employee: $63,013.70

 KEY PEOPLE
• Robert A. Hefner
    CEO
• Ronald A. Lefaive
    CFO

 CONTACT INFO
Marathon Bldg., 5555 San Felipe, Ste. 1700
Houston, TX 77056
US
Phone: 713-622-8218
Fax: 713-621-9770
Online: Web Site

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