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Harnessing value

In mature assets and building new infrastructure
Largest Oil Producer in Africa
Largest Oil Producer in Africa
  • Nigeria is the largest oil producer in Africa, OPEC’s biggest producer outside the Gulf and a global heavyweight with most of its hydrocarbons found in the Niger Delta: an area of approximately 75,000 sq km of onshore swamp and shallow water, leading to a deep-water frontier up to 200 kilometres offshore.
  • Nigeria produces high quality sweet crude, from the prolific tertiary, Agbada Formation. Nigeria’s oil and gas industry has been viable for over half a century and remains a prized prospect in terms of hydrocarbon finds, especially in shallow and deep water.
  • Estimates of undeveloped resources are not only significant but of world class quality.
  • Remaining reserves in the Niger Delta are approximately half-way through their lifecycle with huge contingent resources remaining largely unexploited which if properly harnessed could transform its production outlook.
Sustained Production
Sustained Production
  • Nigeria is yet to maximise its potential – growth prospects that seemed promising a decade ago are yet to materialise, and the country now risks becoming less relevant in global hydrocarbons industry.
  • Despite advancement in technology that has seen the emergence of new players on the continent, Nigeria is yet to reach sustained production of 3.0 million barrels p/d. New discoveries are not developed, mature reservoirs are in need of innovative management and associated installations past their depreciation point.
  • This is further exacerbated by proximity to expanding local communities making production vulnerable to disruption, sabotage, and theft. Industry costs have also risen making commercialization less competitive globally.
  • Nigeria currently suffers a significant infrastructure deficit with a new generation of technology led, state of the art installations required to support the core upstream activity.
Nigeria's Resource Voice
Nigeria's Resource Voice
  • The geological irony of the Niger Delta is that despite its rich oil reserves, it arguably has more potential as a gas producer because of its vastly underutilised gas resources. An infrastructure deficit and market / pricing constraints mean that about 1 bcf is flared and over 2 bcf is reinjected daily. A new approach to hydrocarbon management is required and Chappal is established not just to be another oil producer but to be Nigeria’s Resource Voice; a new generation of Corporate Leadership in partnership with Tried, Tested and Trusted industry experience.
  • An energy company that will respond to the demographic changes in Nigeria where a growing population demands more energy that is sourced in a manner that is cleaner, sustainable and sympathetic of the ecosystem, where strong corporate governance, technology and innovation are hallmarks of the management philosophy with a view to long term creation of wealth and value, not only for its shareholders but for all stakeholders.
  • Chappal also seeks to pursue constructive, transparent and culturally sensitive engagement with local communities for mutually beneficial operations and social investments.
About
Chappal Energies Mauritius Limited (“Chappal”) focuses on investments in deep value and distressed brownfield Upstream opportunities in the Niger Delta region of Nigeria.
We aim to find enduring solutions for challenges faced in the continued development of mature assets, like produced water management, evacuation logistics, gas development, capex optimisation and infrastructure replacement.
To address these challenges
Chappal relies on its:
Directors
Chappal is a collaboration of partners who have extensive experience in the Upstream, Midstream and Downstream sectors with a shared focus on detailed management of day-to-day operations:
Bill Higgs
Chairman
Bill Higgs
  • Bill Higgs has over 35 years of global exploration, development and operations experience, including more than 10 years in Executive and Board roles for independent E&P companies.  He is a qualified geologist with extensive expertise in all engineering and commercial aspects of hydrocarbon development and production.
  • From 2019, he led the transformation of Genel into a growth and returns focused business as CEO.  His prior appointments were as Chief Operating Officer for Genel Energy Plc and Ophir Energy Plc.
  • Prior to joining Ophir, he was CEO of Mediterranean Oil and Gas, overseeing the successful sale of the company in 2014.  Bill previously spent 23 years at Chevron across a number of global roles.
Ufoma Joseph Immanuel
Managing Director
Ufoma Joseph Immanuel
  • An Economist by training, Ufoma entered in the Upstream sector in Nigeria 10 years ago following a career in Investment Banking and Private Equity. He was formerly Head of Corporate Finance and Strategy for the group of companies that including at Eroton Exploration & Production and Midwestern Oil & Gas Company Limited. He led the transition team post acquisition of OML 18 from SPDC for Eroton and oversaw hydrocarbon accounting, offtake and crude handling arrangements alongside the development and management of the opex and capex budgets for the asset. He was also responsible for managing the Lending Syndicate that successfully implemented the hedging strategies that saw Eroton avoid the oil price crash 2014-2017.
  • He would later go on to develop the Alternative Crude Oil Evacuation System (“ACOES”), for the OML 18 NNPC Eroton JV migrating from the NCTL and BCOT axis developing a 50.3km subsea pipeline to a dedicated 2.0mbbls FSO offshore Bonny. Initially a JV project, Immanuel led the spinoff of ACOES into a standalone vehicle called Energy Link Infrastructure (“ELI”), raising the financing for the project’s execution, and served as its lead Project Management and then CFO. ELI is the first indigenous company to have a Terminal Establishment Order and Oil Pipeline License issued to a single entity.
Victor Imevbore
Director
Victor Imevbore
  • Founder and MD of Environmental Resource Managers Limited (“ERML”), the foremost inter disciplinary consultancy in the Oil & Gas sector focusing on regulatory and environmental management issues. His extensive work covers projects in Environmental and Social Impact Assessments (ESIA), Environmental and Social Due Diligence, Technical Audits, Resettlement Action Plans, Community Relations Plans among others. He is an expert witness on complex environmental issues and a respected consultant to several oil and gas companies, State Governments, Nigerian regulatory agencies, the World Bank/International Finance Corporation (IFC), UN Agencies, and Nigerian and International Financial Institutions.
  • He also works with other sectors and is lead author of over 100 technical reports including the ground-breaking Niger Delta Human Development Report prepared for the UNDP in 2006. Mr Imevbore also has in-depth working knowledge of the regulatory regime pertaining to Nigeria’s oil and gas industry. In the last 6 years, he has worked extensively with the regulator and various operators on produced water handling and management solutions.
Hezekiah Adesola (“Sola”) Oyinlola
Director
Hezekiah Adesola (“Sola”) Oyinlola
  • Sola retired in 2015 from Schlumberger Limited after 31 years in executive, operational and financial positions across the globe, including, inter alia: Chairman Africa & Global Head of Sustainability and CSR (based in Houston); President of the Schlumberger Foundation; and Vice President & Treasurer of the Schlumberger group (between 2007 and 2011) based in Paris and Houston. Whilst at Schlumberger, his team advised the Department of Petroleum Resources on marginal fields licencing rounds, including the 2005 major licencing round, which was widely regarded as one of the most transparent in the industry. 
  • Sola is an angel investor and mentor, helped by his extensive network in oil and gas, technology, and finance across the globe. He additionally provides project advisory services through his African Infrastructure Partners, LLC entity (based in Houston) and his Kezenergy Solutions Limited (based in Nigeria). Through these and otherwise, he has invested in various gas and energy infrastructure development projects.
Contacts
Chappal Energies Mauritius Limited
5th Floor Nexsky Building
Ebène, Cybercity
Mauritius
info@chappalenergies.com