History and Future Strategy of Oando
7
DOWNSTREAM
MIDSTREAM
UPSTREAM
Strategic Highlights
Oando
Exploration &
Production
Energy Services
Gas & Power
Terminals
Supply & Trading
Marketing
Current: 2015
> Production of ~55kboepd (9M Sept 2015 Average)
> 2P Reserves of 420mmboe
> Maintain production on OMLS 60 - 63 (Production Optimisation)
> Maintain production levels on Abo field (OML 125) through drilling
and completion as well as FPSO life extension
> Maintain production levels from Ebendo (OML 56) through facility &
pipeline enhancements
> Complete facility enhancements to maintain production on Qua Ibo
(OML13)
› Actively engage swamp rig fleet active
> Expand product offering in drilling & completion business
> Execute a substantive MOU with an established international
drilling company and jointly deploy additional drilling rigs
> Achieve mandates for the development of embedded power
generation for Distribution Companies
> Complete construction of Greater Lagos Pipeline (GL4) and
> Port Harcourt Pipeline Expansion projects
> Grow aggregate gas pipeline utilization to average 75mmscf/d
> Finalize feasibility for the ELPS-Ibadan-Ilorin-Jebba (ElIJ) gas
transmission pipeline
> Invest in acquisition of NIPP/Grid connected power utilities
> Completion of construction & commencement of operations of the
Apapa Jetty and subsea pipelines in the Lagos Port
> Commission 3rd party commercial & technical feasibility for the
Eastern 4KT LPG Tank farm construction
› Commencement of first phase for the Apapa Terminal upgrade
> Focus on increasing market share in existing markets and achieving
economies of scale
> Conclude on process of Group's partial divestment
> Maintain a minimum (25%) current white products market share of
MOMAN
> Position for a partial/fully deregulated gasoline market
> Maintain LPG leadership strategy amongst MOMAN whilst
growing national share from 17% to 20%
Midterm: 2017
> Production Target: > 80kboepd
> Reserves Replacement Ratio Target of 1:1
> Organic Growth: Accelerated development
programme on OMLS 60 - 63
> Inorganic Growth: Take advantage of indigenous
status by participating in FGN bid rounds and IOC
divestment programmes
> Deploy first offshore rig through JV company
> Enter into additional partnerships and jointly deploy
drilling rigs
> Grow Drilling & Completion business market share
> Divestment of up to 51% or potential listing
> Complete development and commence operation of
150MW embedded/grid power generation
> Complete development and commence operation of at
least 20mmscfd Mini LNG business
> Grow aggregate gas pipeline utilization portfolio to an
average of 100mmscf/day
> Commence phased development of EIIJ gas pipeline
> Commence execution of at least 300mmscfd Gas
Processing Facility
> Commencement of commercial & technical feasibility
for 360kt ONNE Energy Quadrant
> Completion of 2nd phase and commencement of 3rd
phase for the Apapa Terminal Upgrade
> Commencement of FEED on Badagry Terminal facility
> Diversifying markets, increasing West-African presence
> Business expansion and increased efficiencies
> Expand white market share of the Majors to 30%
> Grow non-fuel revenue
Long Term: 2019
> Production Target: >100kboepd
> 2P Reserves Target: >500mmboe
> Enter into partnerships and jointly
deploy deep-water drilling rigs
> Divestment of an additional 25%
> Complete development & commence
operation of 80MW embedded/grid
power generation
> Grow aggregate gas pipeline utilization/
contracts to an average of 200mmscf/day
> Commence phased development of gas
distribution system in Tema industrial area
(Ghana)
> Commence JV partnerships in operational
areas
> Complete Apapa Terminal 1 upgrade
> Construction of 360kt ONNE Energy
Quadrant
> Construction of Badagry Terminal facility
> Expansion into other African markets
> Explore further divestment (Group)
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