Gas Master Plan

2 Players in the Gas Value Chain Local participation remains limited to low-value segments, even lower, when discounted for Government participation. Distribution Markets Oilfield Services Oil and Gas E&P Gas Processing Transmission Oando-Halliburton Oando Schlumberger Petrolog Noble Mallard Chevron Shell BG Shell Chevron NGC Shell Oando Shell NG Falcon Gasland NGC Trans Ocean Lonestar Power (Oando) Industrial Commercial Domestic Transportation Government is the dominant gas resource owner but has limited operatorship - Most of the production is done by MOCs which although are 50-60% owned by NNPC are commercially driven - Also controls transmission & distribution - operated on behalf of the government by Nigerian Gas Company (NGC) - The Government has now stated its commitment to domestic gas utilisation - - The new clarity on domestic gas pricing has made it possible to evaluate further opportunities - Most of the gas field development today is geared towards the export market (LNG) - Gas processing and more encompassing infrastructure is a clear gap Oando Through partnering and Strategic Acquisitions, Oando is steadily establishing a footprint across the Gas value Chain 5

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