Seven Energy bags award, assures better deal in oil sector

AN indigenous oil and gas development, production and gas distribution company, Seven Energy International Limited, has emerged winner of the Indigenous Firm of the Year Award, conferred by the Petroleum Africa magazine. 

 The award is given in recognition of Africa’s indigenous oil and gas companies for their investment and involvement in upstream, midstream and downstream operations.

  Commenting on the laurel, the firm’s Chief Executive Officer, Phillip Ihenacho,  said: “We would like to thank Petroleum Africa for this prestigious award. Considering that it was the first time we made the list of finalists, it is a fantastic recognition of all our ongoing efforts and achievements during 2014 in contributing to the development of the Nigerian gas market in a responsible way. We are committed in aiding the development of Nigeria’s gas resources, improving power supply and supporting local economic growth. We are proud to receive this award in recognition of all our hard work,” he assured.

 In the keen contest, Seven Energy beat other leading indigenous players from Ghana, Angola, South Africa, Kenya and Nigeria after a rigorous review process by the magazine’s Survey Committee.

 Petroleum Africa however, commended Seven Energy for its “well-executed work programme and diversification strategy“ in 2014. 

 The choice of Seven Energy was informed by its achievements in the outgone year which included the production and supply of gas to the Ibom Power Plant in Akwa Ibom State, the completion of the second train at the Uquo Gas processing facility, achieving 200 MMcfpd of gas processing capacity, and the formal commissioning of the Uquo Gas Processing facility by President Goodluck Jonathan among other milestones.