Erin Energy Corporation Who we are and what we do 9 Erin Energy Corporation is an independent oil and World-class assets in 4 gas exploration and production company focused on energy resources in sub-Saharan Africa African…
Our Company at a Glance We are a global E&P company with a leading Sub-Saharan Africa portfolio that is well positioned to provide exceptional value for shareholders Asset Overview Corporate Offices Operations Production…
2015 Overview Erin Energy Corporation achieved many positive results despite the challenging economic climate FY2015 Highlights Operational Summary Tied in Oyo-7 and Oyo-8 wells Net production of approximately 1.6 mmbbls of oil…
Nigeria Country overview Erin Equity Block History & Commitment Block awarded in 1995 to Allied as OPL 210 Converted to OML 120 and 121 in 2002 10 successful wells drilled Sole Risk license under the indigenization program Current…
Nigeria Oyo Field future development opportunities Oyo Phase II Expansion Q4 2016 Oyo Central West Main Oyo-1, -4, -5, -7 & -8 Oyo-9 producing well (Oyo Central West Extension) Oyo-10 Future Development Opportunities in Oyo Field…
Oyo Field Expansion Phase 1 Project Performance vs Original Oyo Development Average of 40% cost savings per well for D&C and SURF (i.e excluding FPSO) over initial project cost Average of 50% drilling and completion time savings over…
Drill-Ready Exploration Wells Nigeria OML 120/121 Prolific Western Niger Delta ( 40 Billion Barrels Discovered) OML 120 & 121 Flanked by the Giant Fields Bonga, Erha & Bosi Portfolio of 22 prospects and leads Production Facilities on…
Ghana Country overview Block History & Commitment JOA signed Jan. 2015 Block with 3 discovered fields Initial work commitment Declare commerciality within 9 months Reprocess existing 3D seismic data Drill one well within 2 years…
Gambia Country overview Block History & Commitment From: Cairn Energy 2016 Blocks A2 & A5 awarded in 2012 for 4 years (Dec. 2016) Initial work commitment per block Regional geological survey Acquire, process, interpret 750 sq. km of…
Kenya Country overview Block History & Commitment 4 blocks awarded in 2012 Initial work commitment for L1B and L16 (2 years) Acquisition & interpretation of gravity & magnetic data Hagarso L1B Acquire, process and interpret 500km of…
Technical Capability Top-Class technical and operational capacity Experienced Staff Pool Majority of senior staff are from Major IOCs with great networks International experience spanning all continents Top 10 technical staff have…
Investment Highlights Our value creation model Production and Long-Term Frontier Revenue Growth Exploration Reserves and Sub-Saharan Resources Growth Africa Assets Near-Term High Opportunistic Impact Exploration…
Our Board Distinguished Board of Directors John Hofmeister Lee Brown Hazel OLeary Dudu Hlatshwayo Chairman(1) Independent Director Independent Director Independent Director Former President, Royal Former Mayor, City of Secretary of…
Our Team Experienced and diverse international management team Kase Lawal Segun Omidele Daniel Ogbonna Jean-Michel Malek Heidi Wong Chairman and Chief Operating Officer SVP, Chief Financial SVP, General Counsel SVP & Chief Chief…
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