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Investing in the Energy Value Chain

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Investing in the Energy Value Chain Transforming Africa Investing in the energy value chain www.oandoplc.com Contents Introduction 03 What We Do 04 Operational Overview 06 Exploration & Production 10 Energy Services 12 Gas & Power 14 Terminaling 16 Supply & Trading 18 Marketing 20 Environmental, Health, Safety, 22 Security, and Quality Oando Foundation 24 Awards & Recognition 26 One of sub-Saharan Africa’s leading indigenous Introduction Through innovative management and energy groups: consistent value creation, Oando PLC has built a consortium of businesses geared towards delivering the entire energy value chain. Wale Tinubu Group Chief Executive From the company’s origins in downstream petroleum retailing, we have refocused our business model to encompass the entire energy spectrum. Today, the company comprises of six companies that specialise in upstream, midstream and downstream activities; combining to form one of Africa’s NPrimarily Slisted onE the Nigeria leading indigenous energy companies. Stock Exchange Primarily listed on the Nigeria Stock Exchange, Oando is the first African company to have a cross-border inward listing on the Johannesburg Stock Exchange. In addition, a subsidiary company, listed on the Toronto Stock Exchange, recently concluded the $1.5 billion acquisition of the Nigerian business of an International Oil Company (IOC), bn making us the country’s largest indigenous $acqui1sition .5of the Nigerian oil and gas producer. business of an International We are committed to exploring, producing Oil Company (IOC) and supplying the energy that drives the present and future growth of West Africa's economy. We have invested substantially in assets across the energy value chain; formed strategic alliances to maximise productivity; and are better positioned to continue to deliver value to our stakeholders in an environmentally sustainable manner. We are confident in our ability to continue to bn $1.Market Cap 42 maximise Africa’s vast energy resources and spur the region’s development. (as of 17 July, 2014) Oando PLC 03 What We Do Oando holds interests in 16 UPSTREAM licenses for the exploration, development and production U of oil and gas assets located onshore, swamp, and offshore. Our primary task is to optimally harness the potential of our existing portfolio. Oando’s Gas and Power MIDSTREAM business is in the distribution of natural gas, along with M power initiatives aimed at electricity generation and distribution in Nigeria and other West African countries. The Group’s operations in DOWNSTREAM the downstream sector is comprised of its Marketing & D Supply and Trading businesses. In addition, the Group has a Terminaling business division which currently harbours a number of projects. Oando PLC 04 Exploration Energy & Production Services The leading indigenous Delivering world class drilling Nexploroation. a1nd production Nservicoes so.lu1 tions through company in Nigeria. technical leadership. Gas & Power The preferred gas and power Nsolutioons p.ro1 vider for the future of Nigeria’s industrialisation. Terminaling Supply & Marketing Trading Propelling development of The leading private indigenous West Africa’s leading oil retailer iNnfrastrouctur.e t1 o drive efficiency Nimportoer of. p1etroleum products Nwith ooperat.io1ns in Nigeria, Ghana, across the downstream oil and into sub-Saharan Africa. Togo, and the Republic of Benin. gas sector. Oando PLC 05 Our operations are currently We are the market leaders: Operational focused on West Africa and include upstream, midstream and downstream activities. We are front runners in all Overview sectors of our operations. Oando PLC Oando PLC was formed following the merger of Unipetrol and Azienda Generale Italiana Petroli (“AGIP”) as a traditional fuel retailing company. It has since refocused its business model to become an integrated energy solutions provider across the value chain. Upstream Operations Midstream Operations Downstream Operations Exploration & Production Gas & Power Marketing Oando Energy Resources is Oando Gas and Power Ltd is the Oando Marketing PLC is Nigeria’s focused on the exploration and developer of Nigeria’s natural gas leading retailer of petroleum products, production of assets in the Niger distribution network and captive and has a vast distribution network Delta and West African sub-regions. power solutions. We pioneered the with over 300 retail service stations. Oando is currently the largest construction of a private sector indigenous oil and gas producer in pipeline network facilitating the Nigeria with a portfolio of 16 distribution of natural gas to industrial Supply & Trading Oando Supply and Trading Ltd is licenses both onshore and offshore. and commercial consumers. Africa’s leading independent and privately owned oil trading company. The development of our gas Energy Services distribution network has a positive Oando Energy Services provides impact on industrial activity in the holistic oilfield and rig services to Terminaling south-east and south-west regions of Oando Terminaling manages the major upstream companies Nigeria. development of petroleum product operating in Nigeria. As a result, we reception terminals. operate the largest swamp rig fleet in the Niger Delta. Oando PLC 06 Oando PLC 07 Oando PLC 08 A transformational company with an outstanding workforce that strives towards delivering the highest standards that guarantee a brighter future. We are passionate and committed about transforming the 1500 + fortunes of our nation. Employees Our Global Footprint Benin Republic Nigeria Canada UK Bermuda Ghana Togo South Africa Our Corporate Culture Reliability, honesty, and Oando’s corporate culture is hinged Integrity: trustworthiness are integral to all on the values of Teamwork, Respect, business dealings and employees’ Integrity, Passion, and interpersonal relationships. Professionalism (TRIPP), which embody the ‘Oando Way’. At Oando, we perform our Passion: Everyday, our people are tasks with enthusiasm and vigor, and an Teamwork: driven to work together towards underlying zeal to always perform at an actualising the organisation’s common extraordinary level. goals and core values. Proper conduct by all Professionalism: We encourage that employees is a critical component for Respect: consideration is shown to all colleagues. our achievement of business By appreciating the worth of others and excellence. valuing their contributions, productivity is improved, and a work friendly environment is created. Oando PLC 09 OER is one of Oando Energy Resources Inc. (OER): Exploration Africa's leading exploration and production company, listed on the Toronto Stock Exchange. The Company has & Production successfully built a vast portfolio of oil and gas assets in the African basin and is both operator and partners to Nigerian and International Oil and Gas Companies. OER holds interest in 16 licences for the exploration, development and production of oil and gas assets located onshore, swamp and offshore. licenses 1for the6 exploration, development and production of oil and gas assets The Local Advantage Sustainable Value An indigenous independent oil and gas Looking ahead, our mission is to deliver company with world class operations sustainable value to stakeholders by and standards and excellent relationships continually growing reserves through in place with government bodies, development of our existing portfolio regulators and International Oil and acquisition of new assets. We Companies (IOCs). OER is poised to actively contribute to the future and benefit from all local content initiatives development of the communities in and reforms implemented in Nigeria's oil which we operate by adhering to our and gas industry. robust Environmental Health and Safety Management System, and ensuring operations are carried out in a safe, Acquisition Opportunities Current divestment opportunities of environmentally friendly and socially onshore assets by the IOCs, currently responsible manner. focusing on larger offshore opportunities and the governmental asset bid rounds, creating opportunities for indigenous independents to acquire reserves, resources and production. Oando PLC 10 Oando Energy Resources Inc. Market Position • The largest indigenous Oil and Gas producer in Nigeria publically listed on the Toronto Stock Exchange Description • Portfolio of exploration, development and production assets located onshore and offshore Nigeria. • OER’s primary task is to optimally harness the potential of our existing portfolio, as well as acquire near-term producing assets from International Oil Companies in order to boost production and reserves. Key Assets • Producing Assets: OML 60, 61, 62 & 63, Abo Field (OML 125) & Ebendo Field (OML 56) • Near-Term Assets: Akepo Field (OML 90), Qua Iboe (OML 13), Bilabri Field (OML 122) and OML 134 • Exploration Assets: OML 131, OPLs 214, 321 & 323, EEZ Blocks 5 and 12 Making a difference: We are committed to Nigeria’s upstream sector with significant investments in a robust portfolio of oil and gas fields, as well as participating interests in onshore and offshore producing assets. kboed A4verage6 Net Production Oando PLC 11 A leading provider of Oando Energy Services (OES): Energy energy services to E&P companies in Nigeria offering quality support to their operations with a view to increasing Services efficiency and lowering operational costs. We are focused on world class safety practices in all our operations. Nigeria’s leading indigenous oilfield and rig services company, working to industry best practice, and using advanced technology
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