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B uilding A n I ndigenous U pstream C hampion S trategies , I mpact & S olutions

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B uilding A n I ndigenous U pstream C hampion S trategies , I mpact & S olutions. A P anel Discussion. L ayi F atona MD – NIGER DELTA EXPLORATION & PRODUCTION PLC. A nd W ho I s A n I ndigenous U pstream C hampion?. But I M ust Also Ask

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Presentation Transcript
slide1

Building An IndigenousUpstream Champion

Strategies, Impact & Solutions

A PanelDiscussion

Layi Fatona

MD – NIGER DELTA EXPLORATION & PRODUCTION PLC

slide2

And Who Is An Indigenous Upstream Champion?

But I Must Also Ask

Where Are The Nigerian Petroleum Industry Champions?

slide3

My Definitions of an Indigenous CHAMPION

  • A Nigerian Independent Oil & Gas Company THAT ………
  • Has identified and technically evaluated a dormant non producing opportunity.
  • Competitively negotiated &/or make a successful bid for same.
  • Raised adequate Capital (Equity + Debt).
  • Assembled an appropriately balanced Technical and Financial team.
  • Brought the asset on stream and maintain a steady production profile within the existing operating laws of the federal republic of Nigeria.
  • Has remained strong, profitable, with good corporate governance structure in place, and able to grow into a bigger and more technically sophisticated operator.
slide4

Requirements for identifying opportunities

  • Hard nose to smell & feel the asset opportunity
  • Hard hands, strong minds and drive to work the opportunity
  • Credible enough to raise Plenty Sustained capital
  • In Today's Nigerian Environment Ample Opportunities Abound
  • Between Production and The Terminal
  • A Wide Playing Space
  • Gas Resources Development
  • Plug in Upstream Opportunities
slide5

Big?Still In 2012

  • Now amongst us – Independent Nigerian Oil Companies
  • Do we have an Upstreamchampion YET?
  • We are looking to see that Indigenous Company producing steadily at +> 50,000BOPD
  • Not Just Oil
  • Gas Resources Development
  • Oil & Gas Processing Plug & Play Opportunities.
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Conclusion

My Considerable Thoughts

We have “Potential” Upstream Champions.

We also want Industry Champions

What is required?

Between Production and The Terminal

there is Plenty Space for Chanpions

In five years to come- The Champions will start emerging.

Thank You For

Listening