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FACTS AND FIGURES ON NLNG 2017 FACTS & FIGURES ON NLNG 2017 2 Facts and Figures on NLNG 2017 CONTENTS The Company 5 The Environment 68 Management Profile 9 Corporate Social Responsibility 73 Anti-Bribery and Corruption 19 The Plant 23 NLNG and its Contributions Economy to the Nigerian 28 Financial Transparency 34 Gas Supply 38 Commercial 41 Shipping 44 Finance 58 Nigerian Content 62 Facts and Figures on NLNG 2017 3 4 Facts and Figures on NLNG 2017 The company was set up in 2008 to realise NLNG's vision of THE COMPANY resourcing, developing and managing shipboard personnel for BGT vessels. Nigeria LNG Limited (NLNG) was incorporated as a limited liability company on May 17, 1989 to harness Nigeria's vast Our Vision natural gas resources and produce Liquefied Natural Gas …a global LNG company helping to build a better Nigeria. (LNG) and Natural Gas Liquids (NGLs) for export. Nigeria LNG Limited will be a global LNG company It is owned by four shareholders, namely, the Federal renowned for its operational excellence, cost leadership, high Government of Nigeria, represented by Nigerian National HSE standards, honesty and integrity. Petroleum Corporation (49%), Shell (25.6%), Total LNG Nigeria Ltd (15%) and Eni (10.4%). We help to build a better Nigeria by processing, shipping and marketing efficiently and profitably the country's gas resources The company has two wholly–owned subsidiaries: Bonny Gas and by putting out the flares, thus diversifying the economy Transport (BGT) Limited and NLNG Ship Management Limited and minimising the environmental impact of our activities and (NSML). products. Bonny Gas Transport Limited We will set the standards in community relations and Bonny Gas Transport Limited was established in 1989, technology transfer, and actively promote the sustainable following the incorporation of Nigeria LNG Limited, to provide development of Nigerian businesses. shipping capacity for NLNG project. We will provide to our shareholders a good return on their The company was set up with an ordinary equity holding from investment. Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG's shareholders. We will provide an exciting and fulfilling place to work and the opportunity for staff to develop their potential. NLNG Ship Management Limited NLNG Ship Management Limited (NSML) is another Finally, we will execute and operate our business in Nigeria wholly–owned subsidiary of NLNG. with an international outlook and mindset. Facts and Figures on NLNG 2017 5 Our Mission national newspapers. Employment and appointments are To market, produce and deliver liquefied natural gas and made on merit, based on academic qualification, relevant natural gas liquids to buyers safely, reliably and profitably, work experience and competence. growing our company and its people to their full potential, and being a trusted partner with all our shareholders in the The shareholders appoint representatives to the Board of sustainable development of Nigeria's gas industry and NLNG Nigeria LNG Limited. To execute the decisions of the Board is host communities. a Senior Management Team (SMT). Supporting the SMT are the Extended Management Team (EMT) and over 1,000 Our People quality staff. Nigeria LNG Limited's workforce comprises direct-hire staff and secondees from shareholder companies, working together Shared Values to achieve the company's corporate objectives, through a set Integrity of shared values. Teamwork Excellence Direct staff are recruited after rigorous interviews, following Caring advertisement of vacancies on company's website and in 6 Facts and Figures on NLNG 2017 Pacific. It is a member of the Royal Dutch Shell Group of SHAREHOLDERS Companies which operates throughout the world in all sub- sectors of the petroleum industry. SGBV owns 25.6% of the shares in Nigeria LNG Limited. Nigerian National Petroleum Corporation (NNPC) Nigerian National Petroleum Corporation was established in 1977 under the laws of the Federal Republic of Nigeria. It is Total LNG Nigeria Limited the corporate entity through which the Nigerian government Total is a major integrated oil and gas company active in all participates in the oil and gas industry. NNPC and its sectors of the petroleum industry. It operates in more than 130 subsidiaries dominate all sectors of the industry - exploration, countries, and is, today, the fifth largest publicly traded production, refining, pipelines, marketing, crude/product integrated international oil and gas company in the world. In exports, and petrochemicals. NNPC owns 49% of the shares Nigeria, the company is one of the largest oil and gas in Nigeria LNG Limited. producers through its involvement in more than 50 permits, including nine as operator. Total owns 15% of the shares in Nigeria LNG Limited. Shell Gas B.V. (SGBV) Shell Gas B.V. (SGBV) is a company incorporated under the laws of the Netherlands. For more than 40 years, Shell Gas has been investing in and delivering some of the world's Eni International (N.A.) N.V.S.a.r.l largest and most complex gas projects. Besides its interest in Eni is one of the world's major integrated oil and gas Nigeria LNG Limited, Shell Gas holds the largest equity share companies engaged in all sectors of the petroleum business. It of LNG capacity among international oil companies, with a is involved in exploration, development and production of oil leading position in LNG shipping, marketing and trading of and natural gas in 70 countries. Eni owns 10.4% of the shares natural gas and power in Europe, North America and Asia in Nigeria LNG Limited. Facts and Figures on NLNG 2017 7 8 Facts and Figures on NLNG 2017 He holds a Bachelor’s degree in Mechanical Engineering from MANAGEMENT PROFILE the University of Ibadan and a Master of Business Administration from the University of Benin. He is a Fellow of Managing Director/Chief Executive Officer the Nigerian Society of Engineers (FNSE), member of Council for the Regulation of Engineering in Nigeria (COREN), and member of Society of Petroleum Engineers (SPE). Over his distinguished career across Europe, Russia and Africa, Tony has led multi-disciplinary teams across diverse cultures. He is renowned for his strong strategic and commercial mind-set which is underpinned by a solid technical background and excellent leadership capabilities. His goal in NLNG is to sustain the historical excellent performance, move Tony Attah the company to the next level and continue to make NLNG an inspiration to Nigeria and a company committed to helping build a better Nigeria. NLNG is rated the 4th company in Nigeria (first amongst the home-grown companies). The Tony Attah is the Managing Director/Chief Executive Officer company contributed over 12% of government revenue in of Nigeria LNG Limited and the Vice President of Bonny Gas taxes and dividend in 2014 and 2015. With revenue Transport. exceeding $90bln since 1999, the company will easily rank with other FTSE 100 companies globally and is being Tony has over 25 years' experience in the oil and gas industry. managed to world class standards. Prior to his current role at Nigeria LNG Limited, he was the Managing Director and Board Chairman of Shell Nigeria E & Tony is epitomized by his focus on people and on delivering P Company (SNEPCo), Vice President HSE and Corporate business value to stakeholders. His personal core values are Affairs and Vice President Human Resources (HR). He has humility, excellence, integrity and respect for people. He is managed other technical and non-technical roles in married with children and his hobbies are watching soccer, Operations and major projects including being Head of Joint playing golf and listening to music. Venture Economics in the commercial function. Facts and Figures on NLNG 2017 9 Deputy Managing Director Development Department, responsible for the construction of the 10,000 housing unit Steel Township. He joined NNPC in 1987 as a Project Engineer and served as member of many project teams such as NNPC Corporate Telecoms Network (CTN), PPMC Escravos Tank Farm, Butanisation project for the construction of nine LPG depots. From 1996 to 2004, Mr. Mai-Bornu served as Technical Assistant to five consecutive Group General Managers in Engineering & Technology Division where he was renowned Sadeeq A. Mai-Bornu for his passion for project management, exemplary leadership and drive. From 2005 when he became Deputy Manager, Cost Control Sadeeq A. Mai-Bornu is the Deputy Managing Director of Unit of the Technical Services Department, he has had a Nigeria LNG Limited and an Executive Director on the Board distinguishing management career as Manager, Plant Projects of NLNG Ship Management Limited. Sadeeq has over 30 in the Process Engineering Department; General Manager, years' working experience mainly in the oil and gas industry Joint Ventures in the Renewable Energy Division (RED) and in and is an alumnus of Ahmadu Bello University, Zaria with a 2015 as Managing Director, Nigerian Petroleum Development Bachelor's degree in Civil Engineering. He is a member of the Company Ltd (NPDC) where he was able to ramp up oil Nigerian Society of Engineers. production from about 87,000 barrels of oil per day (bopd) to a record 155,000 bopd. Prior to his current role at Nigeria LNG Limited, he was the Managing Director of Nigerian Petroleum Development Sadeeq is widely travelled and has attended several Company Limited (NPDC), Benin, the upstream arm of management and leadership courses. He has a strong flair for Nigerian National Petroleum Corporation (NNPC). coaching and mentorship. He is married with four children. Sadeeq began his work career in July 1985 at Ajaokuta Steel Company Limited (ASCL) as an engineer in the Real Estate 10 Facts and Figures on NLNG 2017 General Manager, Shipping (SPDC), Mobil Producing Unlimited, and Petroleum Development Company of Oman before joining NLNG in 1999 as Head of Shipping Operations.
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