A Review of the Nigerian Energy Industry

Seven Energy, Sovereign Wealth Fund sign $100m investment deal

SEVEN ENERGY24 September 2014, Lagos – Seven Energy International Limited, an indigenous integrated oil and gas development, production and distribution company with interests in Nigeria, and the Sovereign Investment Authority (NSIA), Nigeria’s sovereign wealth fund, Tuesday announced a $100 million investment commitment.

Under the deal, NSIA through its Gas -to -Power funds managed on behalf of the Debt Management Office (DMO), signed a commitment letter for an investment of at least $100,000,000 in aggregate principal amount of senior secured notes due in 2023 to be issued and privately placed by Seven Energy Finance Limited.

Speaking on the agreement, the Managing Director and Chief Executive Officer of NSIA, Uche Orji said through this investment, and future projects, NSIA would be contributing to the transformation of the gas and power sectors.



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