Seven Energy International Limited (“Seven Energy”), the indigenous Nigerian oil and gas development, production and gas distribution Company has issued the following statement to counter media rumours which circulated on May 27 and 28.
The statement from the company reads in part that, “Seven Energy is not in any discussions with any third party with respect to a merger. Seven Energy is not proposing to make any acquisitions at this time though it monitors the market for asset and partnership opportunities.”
The statement from the company reads in part that, “Seven Energy is not in any discussions with any third party with respect to a merger. Seven Energy is not proposing to make any acquisitions at this time though it monitors the market for asset and partnership opportunities.”
Seven Energy International Limited is an independent Nigerian integrated oil and gas development, production and gas distribution company founded in 2004. With the backing of strategic long-term investors and main offices in Lagos and London, the Group has a unique focus on the emerging Nigerian domestic gas market.
The Group’s upstream assets include licence interests in the Uquo Field and the Stubb Creek Field (south east Niger Delta), an indirect interest in OMLs 4, 38 & 41 through a Strategic Alliance Agreement with Nigerian Petroleum Development Company (north west Niger Delta) and a licence interest in OPL 905 (Anambra Basin). Its midstream infrastructure assets, focused on south east Niger Delta, include the 200 MMcfpd Uquo Gas Processing Facility and a gas pipeline network of 260 km with distribution capacity of 600 MMcfpd.
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