Seven Energy at a glance Seven Energy is an indigenous Nigerian oil and gas exploration, development, production and distribution company with a vision to become the leading supplier of gas to the Nigerian domestic market for power…
History 400m raised in the Seven Energy has a strong track record High Yield Bond market, refinancing existing debt Accugas debt Buy-out of a division Acquisition of GOGE Acquisition of 62.5% Strategic Alliance Acquisition of SRL…
Business Seven Energy has a first mover position in Nigerias gas market Upstream assets encompass: South east Niger Delta Uquo and Stubb Creek Fields (oil and gas) North west Niger Delta OMLs 4, 38 and 41, via Strategic Alliance…
Integrated business model Sustainable long-term business model in a growing market Availability of supply Identify low risk exploration, appraisal and development targets, or access to third party reserves Cash flow Reinvested…
Locations Our upstream and midstream assets are located onshore Nigeria in relatively secure locations in the Niger Delta and Anambra Basin 7 July 15
Market overview - gas Nigeria presents significant growth opportunities At 180 Tcf, Nigeria benefits from having the largest gas Breakdown of use of Nigerias gas production (2012) reserves in Africa However, these reserves are…
Market overview - gas Strong forecast growth in gas demand Fast growing market Compelling economics to switch from diesel to gas Large, growing population of 174 million, the largest in Africa. /MMbtu 20 In addition, the population…
Market overview - oil Nigerias significant oil reserves and shift in focus by IOCs Nigeria has significant oil resources, and an economy that is Proved oil reserves Africa (2014) reliant on the revenues from these resources (c.96%…
Upstream Overview Well diversified portfolio South East Niger Delta North West Niger Delta Anambra Basin Uquo Field OMLs 4, 38 and 41 Operator: Frontier Oil (60% interest) Operator: Seplat (45% interest) Situated in one of…
Upstream - Uquo Field First commercial gas production at the Uquo Field Seven Energy has a 40% licence interest in the Uquo Field. The remaining 60% licence interest is held by Frontier Oil, which is also the Operator. The Group is…
Upstream - Stubb Creek Field Stubb Creek is ideally located near the Uquo Field Universal Energy, a 62.5% owned subsidiary by Seven Energy, has a Stubb Creek structure 51% licence interest, and is the Operator of, the Stubb Creek…
Upstream - OMLs 4, 38 and 41 OMLs 4, 38 and 41 have significant reserves and resources Seven Energy has an indirect 55% licence interest in OMLs 4, 38 OMLs 4, 38 and 41 - prospects and 41, via a Strategic Alliance Agreement with…
Upstream - OPLs 905, 907 & 917 The Anambra basin offers significant opportunities for In January 2014, Seven Energy acquired SRL OPLs 905, 907 & 917 structure 905, which holds a 40% licence interest in OPL 905. With the acquisition…
Midstream - overview Seven Energys midstream business is operated by Accugas, its wholly-owned subsidiary Seven Energys wholly-owned midstream business, Accugas, focuses on sales and marketing, processing and distribution of gas to…
Midstream assets Contracted gas volumes under robust contracts and located near high demand areas within close proximity to upstream assets owned by Seven Energy Gas offtake agreements Ibom Power 10-year; 100% take-or-pay; 43.5…
Performance indicators - financial Seven Energy continues to deliver improving results and to invest for long-term growth Revenue EBITDAX 400 378.2 363.6 400 345.0 317.4 300 300 273.4 201.3 200 200 102.4 86.8 100 100…
People Seven Energy is proud of its diverse and talented workforce Seven Energy employs some 190 people, of whom 84% are located in Nigeria, with the remaining 16% being located in London. 94% of the Groups in-country employees are of…
Capital structure - equity Seven Energy benefits from a strong and supportive investor base Investors1 Historical equity issued ( millions) Equity issued Cumulative equity raised Others 300.0 1,200 15.5% 255 31.6% 250.0 1,000…
Capital structure - debt Seven Energy has a mix of debt instruments provided by local banks and international investors To strengthen its balance sheet and to support Summary of current debt facility Facility m Drawn(1) m…
Outlook Seven Energys development plan is to leverage its existing upstream and midstream asset position to increase production, revenue and cash flow Upstream Midstream Ensure gas production volumes sufficient to meet gas Develop…
Management Seven Energy has a highly experienced Senior Management team that combines local experience with international oil and gas industry expertise Executive management team Phillip Ihenacho Chief Executive Officer 10 years…
Board Highly experienced Board with significant industry and Nigerian expertise Board Dr Andrew Jamieson OBE Phillip Ihenacho Chairman Chief Executive Officer Dale Rollins Ashley Dunster Osam Iyahen Cyril Odu Non-executive…
Corporate social responsibility Seven Energys projects deliver key benefits Training and employment Power supply and standards of living Local and national economic growth Community projects and developments Health and safety…
Glossary of terms 2P Proved and probable reserves 2C Best estimate scenario of contingent resources bbl Barrel of oil or condensate Bcf Billion cubic feet Bcfpd Billion cubic feet of gas per day Bnbbl Billion barrels bopd Barrels…
Nigeria Seven Exploration & Production Limited 7 Anifowoshe Street Victoria Island Lagos, Nigeria Tel: +234 1 277 0600 Accugas Limited 7 Anifowoshe Street Victoria Island Lagos, Nigeria Tel: +234 1 277 0600 United Kingdom Seven Energy…
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