Investments
SEVEN
Management buy-out of Seven Energy, an independent oil and gas development and production company, from NYSE listed Weatherford International alongside Nigerian and International private equity funds. As at our 2019 exit, Seven had a unique focus on the emerging Nigerian domestic gas market and had grown its reserves and resources base to in excess of 400 MMboe. Its upstream assets included licence interests in the Uquo and Stubb Creek fields (south east Niger Delta), an indirect interest in blocks OML 4, 38 and 41 through a Strategic Alliance Agreement with Nigerian Petroleum Development Company (north west Niger Delta) and licence interests in blocks OPL 905, 907 and 917 (Anambra Basin). The firm was acquired by AIM-listed Savannah Energy.
Our Role: Investor | Status: Exited | Other Investors: Capital Group, Petrofac, Temasek, Standard Chartered, IFC, Asma Capital, AFC, Amaya Capital
ACCUGAS
Holdco level investment in Accugas, a gas processing, transportation and marketing company, and a subsidiary of Seven Energy. As at our 2019 exit, Accugas had midstream infrastructure assets in Nigeria that included the 200 MMcfpd Uquo Gas Processing Facility and a gas pipeline network of 260 km with distribution capacity of 600 MMcfpd. Its gas sales contracts covered the supply of over 1.0 Tcf of gas to power and industrial consumers in south east Nigeria including the 190MW Ibom power station, the 560MW Calabar NIPP power station, the 504MW Alaoji NIPP power station, the Notore fertiliser plant and the Unicem cement plant. The firm was acquired by AIM-listed Savannah Energy.
Our Role: Investor | Status: Exited | Other Investors: See SEVEN
Engineering, Procurement, Construction and Installation (EPCI) firm providing offshore and onshore energy services in Nigeria. Group operations in Africa include offshore Congo for TotalEnergies and onshore Gabon for Assala Energy.
Our Role: Investor | Status: Active
LCEP
Low Carbon Energy Projects in Africa for the production and distribution of industrial scale clean fuels and chemicals. With a focus on both export and domestic markets, the projects include LNG, LPG, Hydrogen Derivatives, CCUS, Solar and Wind.
Our Role: Founder & Investor | Status: Development