Seven Energy has a track record of fostering successful relationships with strategic partners, joint venture partners, anchor customers, regional governments and local host communities, including:
Nigerian Petroleum Development Company (“NPDC”)
In 2010, Seven Energy entered into a Strategic Alliance Agreement with NPDC to provide technical support and funding for NPDC's 55% interests in OMLs 4, 38 and 41. NPDC is a wholly-owned subsidiary of the Nigerian National Petroleum Corporation (“NNPC”).
Seven Energy has a strategic alliance agreement with Petrofac, the FTSE 100 engineering services company, for the provision of technical services and project management services by Petrofac to Seven Energy. Petrofac is represented on the Board and on committees of the Board.
Seven Energy has a 62.5% shareholding in Universal Energy, the operator of the Stubb Creek Field. Sinopec, the Chinese national petroleum company, is Universal Energy's joint venture partner in the Stubb Creek Field.
Seven Energy's joint venture partner in the Uquo Field is Frontier Oil, which is an indigenously-owned Nigerian exploration and production company.
Akwa Ibom State
Seven Energy is working with Akwa Ibom State in south east Nigeria to assist in the creation of a reliable supply of gas for power generation in the region. This gas is required to meet soaring demand associated with the growth of power production and industrialisation in the region. Seven Energy is currently supplying gas to the Ibom Power station, which is owned by the Akwa Ibom State.