EPIC’s strategy is to develop a scalable, sustainable and profitable energy infrastructure within a net-zero dispensation
to acquire a producing asset in Nigeria qualifying EPIC’s criteria
EPIC’s multi-national leadership boasts a combined 250+ years of oil field experience in North America, West Africa and the North Sea
Trusted partner organisations work with EPIC to deliver the vision
Who We Are
EPIC is the next generation energy company driving towards zero-carbon energy production
Energy Production and Infrastructure Company (“EPIC”) is a UK registered company created to acquire and hold operating and non-operating interests in energy and infrastructure plays in across Nigeria.
Underlying assets will be managed through a wholly owned Nigerian subsidiary company.
- Clean energy for a bright future
- Sustainable development
- Improving access to energy
An EPIC Vision
A Sustainable Energy Company for a Sustainable African Future
Committed to meeting energy demand within a net-zero dispensation, EPIC’s long-term strategy is to develop scalable, sustainable and profitable energy infrastructure – supporting local communities and complementing every host state’s goals and aspirations.
Energy 2.0 is EPIC’s production philosophy aiming to produce hydrocarbons with an “As Low Carbon As Practicable (ALCAP™), iteratively creating an operating model that leverages technology and focussed on the optimal use of resources.
ALCAP™ continuously refined and improved will be EPIC’s proprietary business model. It will be exportable to other regions and assets and it will ultimately give the business a competitive advantage in an era of net zero energy production.
Execution Focus
- Data driven decisions and asset management
- Adoption of modern technology and operational best practice
- Diversification to low carbon energy sources
In any scenario, the world will use increasing amounts of gas over the decades to come, and Nigeria has a world class gas resource which remains largely untapped. EPIC’s ALCAP™ philosophy minimises flaring and venting where practical and seeks to monetise gas.
Execution Focus
- Invest in initial facilities to produce and aggregate gas in region
- Active effort to acquire third party gas and scale the facilities to match
- Diversify demand by seeding local gas demand
EPIC’s long-term view and development approach places sustainability at the centre of our project selection criteria.
Enabling enduring partnerships with local communities and efficiently leveraging our resources to execute high impact projects while remaining sensitive to changing social requirements.
Execution Focus
- Sound Governance – transparent, responsible and effectively managed
- Benefit the Local Community –build long term win-win partnerships with local stakeholders
- As Low Carbon As Possible (ALCAP™) – reduce emissions and maintain biodiversity
Energy 2.0
The As Low Carbon as Possible - ALCAPTM Approach
EPIC’s producing assets will have a significantly improved carbon footprint across production, export and asset lifecycle. Our development strategy focuses on enabling deployment of market ready, efficient technology and processes to iterate towards decarbonising assets through an ALCAP operating model.
Leverage oil cashflows to fund an early transition to gas using ALCAPTM approach.
Striking the balance between sustainable local business and sustainable return on investment.
Sustainable project development and maintaining social licence to operate through sound governance and enriching the local community.
Strategic Focus
Why Africa?
“Africa can and will rise to growth of 7% or more per year consistently in the coming decades. What we’ll see […] is a real acceleration of Africa’s sustainable development so that Africa will be the fast-growing part of the world economy. Africa is the place to invest.”
– Jason Sachs, Director of the Center for Sustainable Development, Columbia University
Africa’s population projected by 2050 (from 1.4B in 2020)
Annual economic growth projected in coming decades
Africa’s population projected by 2050 (from 1.4B in 2020)
Annual economic growth projected in coming decades
Approximate year on year increase in African energy demand going forward from 2023
The continent is rich in energy resources – creating opportunity for a low-carbon bridge through Africa’s energy transition
The share of Africans living without electricity is high – increasing access is a common government policy goal
The number of middle class Africans tripled in the last 30 years, comprising 34% of the continent’s population
Why Nigeria?
The Goal
During the energy transition, the world will rely heavily on gas – a largely untapped resource in Nigeria with 209.5 TCF of proven natural gas reserves. Further, the Nigerian government’s Energy Transition Plan seeks to double gas production by 2030.
EPIC’s goal is to monetize proven gas reserves in the short term, and scale into a gas-focused business in the medium term.
Nigeria’s population projected by 2050 (from 186 million in 2020)
Nigerians living in urban areas (~112.9 million people)
projected percentage of Nigerians living in urban areas by 2050
Nigeria has Africa’s largest oil and gas reserves and the long standing industry is supported by a highly trained local workforce, an established network of global suppliers and a mature in-country supply chain.
Nigeria has the continent’s largest gas reserves and is currently the 3rd largest gas producer in Africa. To accelerate gas resource development, Nigeria’s LNG capacity is being progressively increased with increasing exports to Europe envisaged.
Gas production has historically been constrained by lack of infrastructure, but with the right scale, gas export is a compelling opportunity with potential for immediate gas aggregation in Nigeria’s offshore province.
Portfolio
Today our team is focussed on acquiring a producing oil asset in the prolific Niger Delta region via an equity operatorship model
Drivers of Value
- Revenue Generation – EPIC is screening to identify assets with a NFI production range of 5,000 to 20,000 bopd with low-risk export routes
- Control – EPIC seeks an equity operator model. Operating cost, capital discipline and financial control are key value drivers
- Identified Upside – Target asset will have an identified portfolio of upside opportunities that will deliver organic growth
Our Team
Meet Our Leadership
EPIC’s multi-national leadership boasts a combined 250+ years of oil field experience in North America, West Africa and the North Sea
