Corporate presentation Gas to light up Nigeria June 2016
Seven Energy at a glance Seven Energy is the leading integrated gas company in south east Nigeria, with upstream oil and gas interests in the region. We have a deep understanding of the domestic Nigerian gas market, supplying gas to the…
Nigeria, Africas most attractive opportunity
Market overview - supply Nigeria presents significant growth opportunities Nigerias underdeveloped gas resources Nigeria benefits from having the largest gas reserves in Africa of 180 Tcf ranked 9th in the Proved gas reserves (2014)…
Market overview - demand Strong forecast growth in gas demand Nigerias growth potential GDP growth (2015) 569 billion Nigeria is Africas biggest economy; forecast to maintain (%) 6.3 5.3 5.3 robust growth of 5% per annum (2016-2018)…
The Nigerian opportunity Underdeveloped gas resources Market demand to be met Lack of infrastructure Proved gas reserves (2014) Total gas production (2014) Gas pipelines (2013) Tcf bcfpd 000 km Nigeria 180 Netherlands 5 UK 29 Egypt…
Seven Energys investors We enjoy continued support from our long term investors and have recently welcomed Historical equity issued ( million) the IDB Infrastructure Fund II, sponsored by the Islamic Development Bank and other Equity…
High quality management Seven Energy has a highly experienced Executive Management team that combines local experience with international oil and gas industry expertise Executive management team Phillip Ihenacho Chief Executive…
Experienced Board Highly experienced Board with significant industry and Nigerian expertise Board Matthew Harwood Phillip Ihenacho Chairman Chief Executive Officer (Petrofac) Ashley Dunster Osam Iyahen Atul Gupta Cyril Odu…
Asset Overview Where we operate Our assets are located in three core areas, onshore Nigeria, in relatively secure locations. 11 July 16
Meeting our customers needs The United Cement Company of Nigeria Limited (Unicem) is an associate of Lafarge Africa Plc and is one of Seven Energys anchor customers.
Midstream assets & contracts 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%…
Upstream Overview Well diversified portfolio South East Niger Delta North West Niger Delta Anambra Basin OMLs 4, 38 and 41 Uquo Field Operator: Seplat (45% interest) Operator: Frontier Oil (60% interest) 2015 gross production…
Upstream Net Reserves & Resources Well diversified portfolio Net 2P + 2C reserves & resources 452 MMboe Gross 2P + 2C reserves & resources 452 MMboe Anambra basin Uquo 15% 18% Oil 31% Stubb Creek 13% Gas 69% OMLs 4, 38 &…
Upstream - Uquo Field First commercial gas production at the Uquo Field in January 2014 Uquo Field wells and prospects Uquo Field structure Seven Energy has a 40% licence interest in the Uquo Field. The remaining 60% licence…
Upstream - Stubb Creek Field Stubb Creek is ideally located near the Uquo Field Universal Energy, a 62.5% owned subsidiary by Seven Energy, has Stubb Creek structure a 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 asset portfolio and 41, via a Strategic Alliance Agreement with…
Upstream Anambra Basin area The Anambra basin offers significant opportunities for the development of gas resources Seven Energy has established a substantial licence Anambra Basin licences acreage position in the Anambra Basin area…
Performance indicators - financial Seven Energy continues to deliver robust results and to invest for long-term growth Revenue ( million) EBITDAX ( million) 378 273 345 354 1 34 201 93 344 344 261 62 34 87 102 8 2011…
Performance indicators - operational Seven Energy continues ramp up in gas business Gas sales growth (MMcfpd) Oil liftings (bopd) 101 87 14,100 77 70 33 10,000 21 34 9,000 11 7 44 10 15 18 15 15 13 8 6 3,600 23 20 16 15…
Seven Energy An Indigenous Company Seven Energy is a Nigeria company with 198 employees, of whom 82% are based in Nigeria and 95% of those are Nigerian nationals Seven Energy employs some 190 people, of whom 84% are located in Nigeria,…
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…
Appendix 1: History 2007 - 2013 Seven Energy has a strong track record Buy-out of a Strategic Alliance Acquisition of Acquisition of division of Agreement GOGE (renamed 62.5% interest in Weatherford entered into with Seven Energy…
Appendix 1: Delivering on strategy and adding value over the last 24 months Accugas debt facilities re- financed into a 445 million 52 million pari 100 million 255 million equity combined facility passu debt additional 400m…
Appendix 2: 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 its current Summary of current debt facility Facility…
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