South Sea Petroleum Holdings Limited is an investment holding company. The Company has two principal lines of business: the first line of business is to develop, explore and produce crude oil and mining, such as graphite, in Asian countries and the second line of business is to provide electronic manufacturing services in the United Kingdom. Through its wholly-owned subsidiary, Kalrez Petroleum (Seram) Limited, the Company operates oilfields in Indonesia under the Bula Petroleum Production Sharing Contract (Bula PSC). Through its majority owned subsidiary, Heilongjiang Beifang Graphite Co., Ltd., the Company is engaged in the business of exploration, production and sale of graphite products in Luobei, Heilongjiang Province of China. Through its majority owned subsidiary Axiom Manufacturing Services Ltd. in the United Kingdom, the Company provides electronics manufacturing services in the business-to-business or business-to-industry sectors and to original equipment manufacturers.