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.
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.
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.
“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
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.
Nigerians living in urban areas (~112.9 million people)
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.
Drivers of Value
EPIC’s multi-national leadership boasts a combined 250+ years of oil field experience in North America, West Africa and the North Sea