Nlng facts and figures 2014 part 1 by Nigeria LNG Limited

FACTS & FIGURES ON NLNG 2014

Facts & Figures on NLNG 2014

CONTENTS The Company

Management ProďŹ le

The Plant

NLNG and its Contributions to the Nigerian Economy

Gas Supply

Commercial

Shipping

Financing

Nigerian Content

The Environment

Community Relations and Development

The Nigeria Prizes for Science and Literature

Cover: The image on the cover of this booklet shows Ikaki, a traditional cloth native to the people of Bonny Kingdom, the production of which involves an intricate weaving process.

Facts & Figures on NLNG 2014

Nigeria Ltd (15%) and Eni (10.4%). The company has two whollyâ&#x20AC;&#x201C;owned subsidiaries: Bonny Gas Transport (BGT) Limited and NLNG Ship Management Limited (NSML).

Bonny Gas Transport Limited Bonny Gas Transport Limited was established in 1989, following the incorporation of Nigeria LNG Limited, to provide shipping capacity for NLNG project. The company was set up with an ordinary equity holding from Nigeria LNG Limited and preferential equity holding from the sponsors, NLNG's shareholders.

NLNG Ship Management Limited

THE COMPANY

NLNG Ship Management Limited (NSML) is another whollyowned subsidiary of NLNG. The company was set up in 2008 to realise NLNG's vision of resourcing, developing and managing shipboard personnel for BGT vessels.

Nigeria LNG Limited (NLNG) was incorporated as a limited liability company on May 17, 1989 to harness Nigeria's vast natural gas resources and produce LiqueďŹ ed Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export. It is owned by four shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%); Shell (25.6%); Total LNG

Facts & Figures on NLNG 2014

for its operational excellence, cost leadership, high HSE standards, honesty and integrity. We help to build a better Nigeria by processing, shipping and marketing efficiently and profitably the country's gas resources and by putting out the flares, thus diversifying the economy and minimising the environmental impact of our activities and products. We will set the standards in community relations and technology transfer, and actively promote the sustainable development of Nigerian businesses. We will provide to our shareholders a good return on their investment. We will provide an exciting and fulfilling place to work and the opportunity for staff to develop their potential. Finally, we will execute and operate our business in Nigeria with an international outlook and mindset.

Our Mission Our Vision …a global LNG company helping to build a better Nigeria. Nigeria LNG Limited will be a global LNG company renowned

To market, produce and deliver liqueﬁed natural gas and natural gas liquids to buyers safely, reliably and proﬁtably, growing our company and its people to their full potential, and being a trusted partner with all our stakeholders in the sustainable development of Nigeria's gas industry and NLNG host communities.

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Our People Nigeria LNG Limited's workforce comprises direct-hire staff and secondees from shareholder companies, working together to achieve the company's corporate objectives, through a set of shared values. Direct staff are recruited after a rigorous interview following the advertisement of vacancies on the company's website and in national newspapers. Employment and appointments are made on merit, based on academic qualiďŹ cation, relevant work experience and competence. The shareholders appoint representatives to the Board of Nigeria LNG Limited. To execute the decisions of the Board is a Senior Management Team (SMT). Supporting the SMT are the Extended Management Team (EMT) and over 1,000 quality staff.

Shared Values Integrity Teamwork Excellence Caring

SHAREHOLDERS

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SHAREHOLDERS

Nigerian National Petroleum Corporation (NNPC) Nigerian National Petroleum Corporation was established in 1977 under the laws of the Federal Republic of Nigeria. It is the corporate entity through which the Nigerian Government participates in the oil and gas industry. NNPC and its subsidiaries dominate all sectors of the industry - exploration, production, reďŹ ning, pipelines, marketing, crude/product exports, and petrochemicals. NNPC owns 49% of the shares in Nigeria LNG Limited.

of LNG capacity among international oil companies, with a leading position in LNG shipping, marketing and trading of natural gas and power in Europe, North America and Asia PaciďŹ c. It is a member of the Royal Dutch Shell Group of Companies which operates throughout the world in all subsectors of the petroleum industry. SGBV owns 25.6% of the shares in Nigeria LNG Limited.

Total LNG Nigeria Limited Total is a major integrated oil and gas company active in all sectors of the petroleum industry. It explores in more than 130 countries. The company is Nigeria's fourthlargest oil and gas producer through its involvement in more than 50 permits, including nine as operator. Total owns 15% of the shares in Nigeria LNG Limited.

Shell Gas BV (SGBV)

Eni International (N.A.) N.V.S.a.r.l

Shell Gas B.V (SGBV) is a company incorporated under the laws of the Netherlands. For more than 40 years, Shell Gas has been investing in and delivering some of the world's largest and most complex gas projects. Besides its interest in Nigeria LNG Limited, Shell Gas holds the largest equity share

Eni is one of the world's major integrated oil and gas companies engaged in all sectors of the petroleum business. It is involved in exploration, development and production of oil and natural gas in 70 countries. Eni owns 10.4% of the shares in Nigeria LNG Limited.

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NLNG Board of Directors Osobonye R. LongJohn Babs Omotowa Basheer Abubakar Koko Andrew Yakubu Danladi Kifasi Cordelia C. Agboti Bagudu Hirse Ruud de Jongh Markus Droll Ronnie Aker Guy Maurice Carlo Bottaro Edith Unuigbe

Chairman Managing Director/Chief Executive OfďŹ cer Deputy Managing Director

Luc Gillet Donald H. Malcolm David Astwood Malcolm Mitchell

Company Secretary

NSML Board of Directors

General Counsel/ Company Secretary

David Ige Basheer Abubakar Koko John Meredith Maikanti Baru Richard Eccleston Temilola Okesanjo Laurent Routisseau Antonino Fiore Edith Unuigbe

Chairman Vice Chairman

Company Secretary

BGT Board of Directors Osobonye R. LongJohn Babs Omotowa Basheer Abubakar Koko Andrew Yakubu Danladi Kifasi Aleruchi Cookey-Gam Umaru Dahiru Ruud de Jongh Richard Eccleston Ronnie Aker Antonino Fiore

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President Vice President

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NLNG MANAGEMENT PROFILE Managing Director/Chief Executive OfďŹ cer Babs Omotowa has over 20 years experience in the oil and gas industry. Prior to coming to Nigeria LNG Limited, he was, at various times, Vice President, HSE, Infrastructure and Logistics for Shell companies in SubSahara Africa, a Director of Shell Petroleum Development Company (SPDC), Nigeria and also Director of West Africa Pipeline Company. Babs Jolayemi Omotowa holds a degree in Industrial Chemistry and a Master of Business Administration (Operations Research) from the University of Ilorin. He also holds a Master of Business Administration (Supply Chain Management) from University of Leicester, United Kingdom. After a brief stint as a chemistry and mathematics teacher at Bishop Smith College, Ilorin, he joined Shell Petroleum Development Company (SPDC) in 1993 where he started his career as a management trainee and rose rapidly to Head, Operations Support, Warri, before he went on international assignments with Shell in the United Kingdom, Holland, and

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Norway, serving variously as Production Asset Manager, Shipping Manager and Business Improvement Manager. He returned to Nigeria in 2006 as General Manager Supply Chain for SNEPCo and later SPDC, and he is a Fellow, UK Chartered Institute of Supply, London Over his distinguished career across Europe and Africa, Babs has been renowned for strategic transformation, reengineering, successful turnaround, as well as maximizing value chains. His stated goal in NLNG is to sustain the historical excellent performance, move the company to the next level and make NLNG an inspiration to Nigeria.

Deputy Managing Director Basheer Abubakar Koko holds a Post Graduate Diploma in Petroleum Economics from Oxford in the United Kingdom and a Bachelor in Business Administration from Ohio University, United States of America. These are complemented by numerous international courses and development attachments in Harvard University; The Wharton School of the University of Pennsylvania; IMD, Lausanne, Switzerland and energy companies in the United Kingdom, Italy, America and Canada. He is also a fellow of

the Energy Institute, UK. With considerable experience (over 30 years) in the global oil and gas industry, Basheer has a grasp of cutting edge management practices as well as a clear understanding of the delicate workings of government policies. Beginning his career in 1982 at Kaduna Reﬁnery, he has held several key positions including Manager, Marketing and Sales at Eleme Petrochemicals, Port Harcourt (1997-1998); Manager, Marketing and Shipping, LNG Division (1999-2003); and Executive Director (Services) of Kaduna Reﬁning and Petrochemical Company Limited (November 2003-September 2007). Earlier, he was Special Assistant to the Honourable Minister of Petroleum Resources/ OPEC President (May-November 1988) and the Technical Assistant to the Honourable Minister of State for Petroleum Resources (February-August 1998). Between 2001 and 2003, Basheer participated in MOU/SPA negotiations with potential buyers of volumes from NLNG Plus (Trains 4 & 5) as the Head of NNPC representatives. He has also been the Representative of NNPC to NLNG Shipping Advisory Committee (SAC) and Marketing Advisory Committee (MAC). Basheer was President of Calson Bermuda Limited, NNPC/Vitol Group Joint Venture, and Managing Director, Hyson (Nig) Limited, another of NNPC/ Vitol Joint Venture from 2007 before he came to NLNG in 2009.

General Manager, Production Chima Isilebo is the General Manager, Production at the plant complex in Bonny, Rivers State. Chima is a seasoned professional with more than 30 years oil and gas industry experience in both Upstream and Midstream businesses, covering diverse disciplines including Engineering and Project Management, HSSE, Risk and Quality Management, Business Planning/Economics, Venture Governance, LNG Commercial/Business Development as well as Operations/ Asset Management. A 1980 graduate of the University of Nigeria, Nsukka with a First Class (Hons.) degree in Mechanical Engineering, Chima joined Shell Nigeria in August 1981, and has had a series of challenging assignments in various locations both within Nigeria and around the world including, Europe (UK and The Netherlands), the Middle East (Oman) and South East Asia (Brunei and Singapore). Following early carrier assignments in Engineering/Project Management, HSSE, Business Planning/Economics, he worked as Operations Adviser at Shell UK Exploration & Production and Operations Support/HSEQ Manager at Brunei LNG, before being appointed as the Start-Up Manager (in 2004), and the ﬁrst

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Nigerian Operations Manager for Nigeria LNG Limited (NLNG) in 2006. Between 2008 and 2010, he was back in Shell Gas & Power (later Upstream International) in Singapore as Vice President for South-East Asia region, with responsibility for New Business Development in Indonesia, Philippines, Thailand, Vietnam, as well as Governance of existing ventures in Brunei and Malaysia. In that capacity, he served as a Director on the boards of a number of Shell Joint Venture companies in Brunei and Malaysia, including Brunei Shell Petroleum (BSP), Brunei LNG (BLNG), Brunei Shell Tankers (BST), Brunei Gas Carriers (BGC) and Shell Gas-to-Liquid Plant (SMDS) in Malaysia. He returned to NLNG again in 2011 as the ﬁrst Nigerian General Manager, Production (PD).

General Manager, Commercial Patrick Olinma holds a bachelor and a master of Law degrees from the Universities of Benin and Lagos respectively, as well as a Master of Business Administration (MBA) from the Grand Ecole ESCP, Paris, France.

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He began his career as a legal counsel in Abudu, Akinyemi & Ogunde in 1990 and was managing counsel when he left the law firm to join French oil giant Total Nigeria in 1996 where, amongst other roles, he had oversight function of technical services contract and advised operations teams on host communities, conflict resolution, as well as relations with state and local government agencies. He was also lead counsel in the negotiation of various production sharing contracts and joint venture oil and gas agreements, notable among them, the USD1.2 billion unitisation & unit operating agreement for the Amenam/Kpono fields off-shore, Nigeria, and the USD1.06 billion gas sellers' “direct agreement” with lenders to Nigeria LNG Limited Trains 4 & 5 Project. He was also Secretary, Total Nigeria Pension Fund with responsibility for legal aspects of pension fund management and regulatory reporting and compliance matters. Patrick, who has a strong track record in closing complex deals, in 2005 led the 2.5 million tonnes/year LNG Sales & Purchase Agreement negotiations with Suez LNG for the Yemen LNG Project and was responsible for the 3.25 million tonnes per year LNG Sales & Purchase Agreements with BG Gas Marketing Limited and Occidental Energy Marketing Inc. for NLNG's Train 7 Plus project. Before he came to Nigeria LNG Limited as General Manager, Commercial in 2007, Patrick was Deputy General Manager (NLNG Commercial) at Total Exploration & Production Nigeria.

General Manager, Finance Solomon Segun Folaranmi is a chartered accountant with an accounting degree from University of Lagos, and a Master of Business Administration (MBA) from University of Benin. His career spans more than 30 years in corporate finance, project accounting, investment portfolio management, joint venture financing, capital assets oversight and investor relations. These are complement by numerous international courses from Cambridge to Oxford. He began his career at the University of Lagos as a Graduate Assistant before joining NNPC in 1983 as a treasury accountant. In 1986, he moved to Nigerian Gas Company Limited where he spent 18 years as accountant in various gas projects including Imo-River/Aba Gas Supply Project, Alakiri/Onne Gas Supply Project, Escravos/Lagos Gas pipeline project, Obigbo/Afam Gas Supply Project. He rose through the ranks to become Finance Manager, CFO, in 2004. In 2005, he left Nigerian Gas Company Limited for NNPC London office where he served at different times as Finance Manager and Acting General Manager, NNPC London

Ofﬁce, before proceeding to NNPC Pension Fund Limited in 2012 as the General Manager, Finance, where he managed an investment and assets portfolio worth N270 billion. In 2013, Solomon was appointed General Manager, Finance, of Nigeria LNG Limited.

General Manager, External Relations Kudo Eresia-Eke, a seasoned and accomplished communicator and administrator with rich experience in the media, academia, government and the oil and gas industry, holds a PhD in Political Theory from the University of Port Harcourt, and a bachelor's degree in Mass Communication from the University of Lagos. He started his communication career straight from secondary school, joining the Nigerian Television Authority as a presenter and newscaster. He later served at the Daily Times, the Guardian Newspaper, Rivers State Television, Radio Nigeria, Radio Rivers, Sunray Group of Newspapers, from where he resigned in defence of professional principles and ethics. For years, he was also a columnist for the Vanguard Newspaper. Kudo has a wealth of experience in Public Service, too. He served variously as Rivers State Commissioner for Information

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and Culture and State Director of the National Orientation Agency. He has also enjoyed teaching stints in various universities in Nigeria and South Africa and was the founding staff of the Centre for Advanced Social Science, Port Harcourt. Since joining the oil and gas industry 14 years ago as pioneer Community Relations and Development Manager for Nigeria LNG Limited, Kudo has served in other managerial positions including Public Affairs Manager, and Government Relations Manager. He is a proliﬁc writer with numerous publications spanning poetry, short stories, inspirational and academic essays. He belongs to several professional organizations including the International Association of Business Communicators.

General Manager, Human Resources Peter Ogheneovo Odjoji obtained a bachelor's degree in Philosophy and a master's degree in Industrial and Labour Relations from the University of Ibadan in 1980 and 1982 respectively. He is a member of Nigeria Industrial Relations Association and Institute of Chartered Mediators and Conciliations and an Associate Member of the Chartered

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Institute of Personnel Management of Nigeria (AIPM). Peter's over 30 years work experience in the Nigerian oil and gas industry kicked off at Warri Refinery and Petrochemical Company (WRPC), a subsidiary of Nigerian National Petroleum Corporation, NNPC, in 1983 where he was employed as an Industrial Relations Officer and rose to become Head, Industrial Relations; Head, Recruitment, Records and Appraisals; Head, Management Training; and Head, Litigation & Discipline. He was the Secretary to WRPC Top Management Committee and Services Executive Management Committee for over eight years. In 1999, he was moved to the Centre for Petroleum Studies, Kaduna where he handled NonTechnical Programmes. He was transferred to NNPC Headquarters in 2001 where he rose to the position of Manager, Employee Relations in 2006. Peter has participated in over 20 Executive Committees involving HR practices, Strategic Planning, Recruitment, Management Promotions, Value and Vision, Discipline and Total Quality Management. His career has recorded sterling achievements, notably, the establishment of an Industrial Relations System in NNPC adjudged to be the best in the industry and the resolution of Industrial Relations conflicts involving some of the IOCs with the national unions. He was Chairman and Coordinator of the Nigerian Oil & Gas Industry Games (NOGIG) for 10 years. He was also bestowed with several awards including the

NNPC's Group Managing Director’s Award for Excellence in 2005 and Best Employee Relations Manager in the Oil and Gas Industry in 2006. Before his appointment as General Manager, Human Resources, Nigeria LNG Limited in January 2014, he was General Manager, Human Resources in the Corporate Headquarters of Nigerian National Petroleum Corporation (NNPC). Married with children, Peter has attended numerous senior management courses locally and internationally.

General Manager, NLNG Shipping Temilola Fatai Okesanjo started his career in the maritime industry in 1981 as a Deck Cadet in the now defunct Nigerian National Shipping Lines (NNSL). He later graduated from Australian Maritime College as a Master Mariner in 1990. Soon after graduation, he worked brieﬂy as a Master Mariner on Oil Tankers & Terminals before proceeding to World Maritime University in Malmo, Sweden, to pursue a Master of Science degree in Shipping Management which he obtained in 1994.

Temilola also sat for the (London) Institute of Chartered Shipbrokers (ICS) examination, qualifying as a Chartered Shipbroker (MICS) in 1995. He has, at various times, worked as a Marine Superintendent/SBM Pilot for Texaco Overseas Petroleum Company, Shell Petroleum Development Company (SPDC), Mobil Producing Unlimited, and Petroleum Development Company of Oman before joining NLNG in 1999 as Head of Shipping Operations. Temilola became the ﬁrst Nigerian employee to rise to the position of General Manager, Shipping, in 2005. He has inspired landmark achievements in the Shipping Division, remarkably the setting up of the subsidiary, NLNG Ship Management Limited (NSML), a ship management and manning subsidiary company of Nigeria LNG Limited. He currently leads the BGT Plus Project - a project that will deliver six newbuild LNG Carriers into BGT Fleet in replacement of the six old BGT LNG Carriers.

General Counsel/Company Secretary Edith Unuigbe holds a bachelor's degree in Law from Obafemi Awolowo University, Ile-Ife and a Master of Laws degree from Harvard Law School, Harvard University in Cambridge. Massachusetts,

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USA. Edith qualified in the Mini MBA in Oil and Gas in Houston USA in 2008; obtained the International Executive Programme Certificate from Insead Business School, Fontainebleau, France in 2009; attended and obtained a Certificate in the Women's Leadership Forum (Innovative Strategies) from Harvard University, Cambridge, Massachusetts in 2011; and the Advanced Management Programme Certificate from Wharton Business School, Pennsylvania, USA in 2012. She is the General Manager/General Counsel/Company Secretary of Nigeria LNG Limited and Company Secretary of NLNG Ship Management Limited.

Between 1992 and 1997, she served as the Chairperson, Constitution Review Committee of the Money Market Association of Nigeria. Edith joined Nigeria LNG Limited in 1997 as Head Legal (Commercial) and rose to the position of Company Secretary and Legal Adviser in 1998. In her various roles, she drafted & negotiated the Engineering, Procurement & Construction (EPC) contracts for all NLNG expansion projects and Gas Sales Agreements (GSAs) with the joint venture partners of NNPC. In 2006, she became the General Counsel/Company Secretary of Nigeria LNG Limited where she manages NLNG's legal services and provides secretariat services to the Boards of Directors of NLNG, BGT and NSML.

Edith began her career in 1982 with the Ofﬁce of the Vice President of Nigeria in the defunct second republic during her compulsory national youth service as a Senior State Counsel, on secondment from Sherman & Sterling, Washington DC, advisers to the Nigerian LNG Project. Her banking career began in UBA as a Legal Counsel, Corporate Finance. In 1984, she joined Kapital Merchant Bank Limited as legal ofﬁcer and sub-manager. She moved up to become the company's Legal Adviser/Company Secretary in 1988 before leaving for Commercial Trust Bank Limited in 1990. At Commercial Trust Bank Limited, she was an AGM and Group Head of the Investment Group, Financial Services and Export Unit.

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THE PLANT In November 1995, a Final Investment Decision (FID) was signed by the shareholders to build a Liqueﬁed Natural Gas (LNG) plant in Finima, Bonny Island in Rivers State. This was followed in December 1995 by the award of a turnkey Engineering, Procurement and Construction (EPC) contract to a consortium of engineering ﬁrms comprising Technip, Snamprogetti, M.W. Kellog and Japan Gas Corporation (TSKJ) for the Plant (consisting of two trains - Trains 1 and 2, called the Base Project), the Gas Transmission System (GTS) and the Residential Area (RA). Construction at the plant site commenced in February 1996 and on August 12, 1999, Train 2 was ready for start-up. Production of LNG commenced on September 15. Train 1 subsequently came on stream on February 27, 2000. The second phase of development, called Expansion Project, commenced with an FID in February 1999 to develop Train 3 and the plant's condensate stabilisation system. Train 3 was completed and came into operation in November 2002. The next phase of development called the NLNGPlus project, comprising Trains 4 and 5, commenced with an FID in March 2002. Train 4 came on stream in November 2005 and Train 5 was started up in February 2006. NLNGSix project, consisting of Train 6 and additional

condensate processing, LPG storage and Jetty facilities commenced with an FID in 2004. Train 6 became operational in December 2007. With six trains currently operational, the entire complex is capable of producing 22 Million Tonnes Per Annum (mtpa) of LNG, and 5 mtpa of NGLs (Liqueﬁed Petroleum Gas (LPG) and Condensate) from 3.5 Billion (standard) cubic feet per day (Bcf/d) of natural gas intake. Plans for building Train 7 that will lift the total production capacity to 30 mtpa of LNG are currently progressing with some preliminary early site preparation work initiated. Further work awaits an FID by the shareholders. The plant has rapidly and successfully made the transition from a construction project to a stable production operation with relentless focus on operational excellence, de-bottlenecking and regular Turn-Around Maintenance (TAM) of the assets whilst imbibing proven techniques and processes to maximise production, and manage human interferences and impacts. All these activities are underpinned by a Health, Safety, Security & Environment (HSSE) culture that continually seeks improvements in the safe and sustainable utilisation of our assets. Additional projects are in development to extend and rejuvenate the assets beyond their original design life. The plant performance is regularly benchmarked internationally with other LNG plants around the world and continues to rank

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amongst the biggest and top performers. · NLNG has, within a short span of time, grown in status to become a very reliable supplier of LNG in the Atlantic Basin, serving the European, North American and Far East markets.

10 gas turbine electricity generators with a combined capacity of more than 320 MW

The Plant is built on 2.27 sq.km of largely reclaimed land in Finima, Bonny Island. The main elements of the facilities already in operation are:

Two LNG export jetties; one of which also exports LPG, and the other also exports Condensate, with a combined capacity of more than 400 loadings per year

24 LNG ships dedicated to the service of NLNG

A Materials Off-loading Jetty

A Passenger Jetty /terminal

A Residential Area (RA) covering an area of more than two 2 sq.km

Six LNG processing units (trains) with a total nameplate processing capacity of 22 MTPA. Diversiﬁed Gas Supply (Associated Gas & Non-Associated Gas) and six main dedicated gas transmission pipelines with four of them located on-shore

Four LNG storage tanks, each with a capacity of 84,200 cubic metres

A common fractionation plant to process LPG

A common condensate stabilisation plant

Three Condensate storage tanks, each with a capacity of 36,000 cubic metres

Four LPG refrigerated storage tanks, each with a capacity of 65,000 cubic metres (two each for propane and butane)

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NLNG: Major Milestones May 17, 1989 Incorporation of Nigeria LNG Limited November, 1995 Final Investment Decision (FID) by shareholders for Trains 1 and 2 February, 1996 Commencement of plant construction September, 1998 Completion of Gas Transmission System February, 1999 Final Investment Decision (FID) by shareholders for Train 3 August 12, 1999 Plant Ready For Start-Up with Train 2 September 15, 1999 Commencement of production from Train 2 October 9, 1999 Export of first LNG Cargo February 27, 2000 Start-Up of Train 1 March 31, 2000 Completion of Initial Supply Period (Gas Supply Agreement – GSA) April 4, 2000 Export of first Condensate Cargo May 25, 2000 Export of first LNG Spot Cargo

August 5, 2000 Export of 50th LNG Cargo September 21, 2000 Plant Commissioning Ceremony February 4, 2001 Export of 100th LNG Cargo September 30, 2001 End of Build-Up Period (GSA) October 1, 2001 Commencement of Contract Year (GSA) March 20, 2002 Final Investment Decision (FID) by shareholders for Trains 4 and 5 March 22, 2002 EPC Contract Award to TSKJ for Trains 4 and 5 November 7, 2002 Train 3 ready for Start-Up November 28, 2002 Commencement of LNG production from Train 3 December 17, 2002 First LNG shipment from Train 3, January 21, 2003 Signing of the USD1.6 billion loan for NLNGPlus February, 2003 Start-Up of LPG Facility June 25, 2003 First Shipment of LPG

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July, 2004 Final Investment Decision (FID) by shareholders for Train 6 (NLNGSix) November, 2005 -Start-Up of Train 4 February, 2006 -Start-Up of Train 5 December, 2006 -1000th LNG Cargo June, 2007 -Feedgas reception facilities for the 6-Train complex became fully operational October, 2007 -First Butane cargo destined for domestic market loaded December, 2007 -Hand over of Train 6 to NLNG's Production Division. Record rundown of LNG to storage tanks within nine days of handover May, 2008 -Nigerianisation of the Managing Director position October, 2009 -10 years of LNG, NGLs production October, 2010 -Export of 2000th LNG cargo December, 2012 -Highest number of cargoes produced in a year (333) January, 2014 -Shipment of 3000th LNG cargo

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NLNG AND ITS CONTRIBUTIONS TO THE NIGERIAN ECONOMY

purchases from oil producing companies, of which the Federal Government of Nigeria owns 55%-60%. Nigeria’s overall earnings from NLNG is now over 70%, comprising of the 49% dividend, 30% CIT, and other taxes

With the incorporation of Nigeria LNG Limited (NLNG) on 17th May 1989, the LNG industry in Nigeria was born. It is successfully harnessing associated gas volumes which would otherwise have been ﬂared. It is now also considered one of the most important economic projects in Nigeria. NLNG has already generated signiﬁcant revenues for the nation.

With its plant construction, the company has generated considerable Foreign Direct Investment (FDI) for the country. The project today has assets worth over USD13 billion. And 49% of this belongs to the country through the Nigerian National Petroleum Corporation (NNPC).

Environmental Hazard Reduction

Gross Domestic Product (GDP)

NLNG has converted about 119 Bcm (billion standard cubic metres) or 4.2 Tcf (trillion cubic feet) of Associated Gas (AG) to exports as LNG and Natural Gas Liquids (NGLs), thus helping to reduce gas ﬂaring by Upstream Companies from over 60% to less than 25%. Flares are only permitted in order to eliminate waste gas which cannot be converted to any further use. Flares also act as safety systems for non-waste gas and are released via pressure relief valves, when required, to ease the strain on equipment.

Since it began operations, the company has contributed about 4% of Nigeria's Gross Domestic Product (GDP). As a good corporate citizen, the company also contributes immensely to national wealth and to the wellbeing of states in which it operates, by paying all applicable taxes and tariffs. Beginning from 2014, corporate income tax will exceed N220 billion per annum, by far the highest in Nigeria and Sub-Sahara Africa.

Monetisation of Gas NLNG mops up gas that would otherwise be ﬂared, thus making signiﬁcant contributions to the nation's income, delivering in the last thirteen years over USD13 billion in dividends. The company has paid over USD18 billion on gas

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Foreign Direct Investment (FDI)

Job Creation Nigeria LNG Limited provided more than 2,000 jobs each construction year. Overall, the major sub-contractors employed about 18,000 Nigerians in technical jobs in the Base Project (Trains 1 and 2). About 500 expatriates played mainly supervisory roles during the Base Project and were understudied by the Nigerians whom they worked with. These

Nigerians, with enhanced skills, have long joined the country's workforce, providing a support base for technology transfer and industrialisation. Local Content Development An average of 46 local companies and 398 local suppliers were involved throughout construction of the existing six trains. A total of 11,284 Nigerians were trained and the percentage of local content on community projects was 100% with a total value of USD14.1 million during NLNG Plus (Trains 4 and 5) and NLNGSix (Train Six) projects, where the community project components were handled by NLNG. In its present production phase, many Nigerian companies have benefited from NLNG's Nigerian Content Policy which, among other things, encourages full participation of indigenous firms in the company's contracting and procurement processes. One such beneficiary is Enchep Limited whose facilities were revamped with NLNG's help to supply thousands of different sizes and ranges of gaskets to Trains 4, 5 and 6. Dorman Long Nigeria Limited, also with NLNG's help, has supplied steel structures and low-pressure carbon steel vessels for Train 3. Yet other beneficiaries include AluminiumNow, Niger Delta Petroleum Resources, Nexans Kabelmetal, Holborn Nigeria Limited, and Waste Pipes and Drainages, to mention only a few.

Community Development In our host communities, especially Bonny, housing, catering

and transportation enjoyed a boom as a result of huge capital inﬂow into the economy during NLNG's construction phase. A number of industries were also attracted to the Island, notable among which were banking and joint venture companies in the area of equipment and spare parts manufacturing. This is in addition to the over N25 billion NLNG has expended on community projects over the years.

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Domestic LPG supply NLNG commenced the supply of Liquefied Petroleum Gas (LPG) otherwise known as cooking gas to the domestic market in 2007 when refineries became challenged. This is in line with the company's commitment to contribute significantly to the stimulation and development of the domestic LPG market in Nigeria. Our intervention brought down the price of cooking gas from N7,000 to N3,500 per 12.5kg cylinder. NLNG has signed sales and purchase Agreements (SPA) with off-takers (all Nigeria companies) in which the company is now committed to deliver 250,000 tonnes of LPG into the Nigerian market annually.

Nigerianisation NLNG and its shareholders agreed on a Nigerianisation scheme on September 1, 1997. This was revisited and updated in 2004. The objective of the scheme which was to Nigeranise the company's workforce was achieved in 2012. It started by recruiting Higher National Diploma graduates and training them as technicians and operators. This is a deliberate policy to enable the relatively young minds imbibe the skills, work culture, discipline and professionalism that the business requires. NLNG also instituted a staff training and development drive for different cadres of technical staff to help them acquire the requisite skills and competence for management, supervisory and operational positions in the company. The company continues to recruit young engineers and other technical staff, as part of this initiative.

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Following the successful close-out of the Nigerianisation scheme, NLNG is currently engaged in staff domestication (NLNGnisation) – a gradual and phased development of NLNG direct staff to occupy positions currently occupied by shareholder staff (Non-Zoned Positions in NLNG).

Increased Shipping/Marine Human Resources With the incorporation of its first subsidiary, Bonny Gas Transport (BGT), in 1989, the LNG shipping industry in Nigeria was born. Currently, NLNG, through NLNG Ship Management Limited (NSML), another of its subsidiaries, is the biggest employer of Nigerian seafarers on board its 13 NLNG directly-owned carrier ships. In order to ensure that Nigeria continues to expand its capacity to produce capable seafarers, Nigeria LNG continues to support the Maritime Academy oF Nigeria (MAN), Oron in Akwa-Ibom State through provision of equipment and training of personnel. MAN provides education, training and upgrading of officer cadets to enable them to perform duties at sea as Deck and Engineering officers. NLNG has trained hundreds of sea-going officers, some to the level of Captains and Chief Engineers.

Corporate Social Responsibility Nigeria LNG Limited currently provides uninterrupted power to over 200,000 inhabitants and businesses on Bonny Island through a rural electriﬁcation project managed by the Bonny

Facts & Figures on NLNG 2014

Utility Company (BUC). BUC is an initiative of NLNG-led Joint Industry Companies (JIC) which also includes water supply to the Island. With its N500 million micro-ﬁnance scheme, NLNG has brought alive the concept of good neighbourliness in its host (Bonny) and 110 contiguous pipeline communities. These pipeline communities have also enjoyed amenities from NLNG such as roads, hospitals, schools, and supply of learning aids, among others. Nigeria LNG Limited also promotes the sciences and arts through its sponsorship of The Nigeria Prize for Science and The Nigeria Prize for Literature, one of the most prestigious awards for excellence in science and literature in Africa, each worth USD100,000 in prize money.

funding of the Bonny Vocational Centre (BVC). BVC is the only accredited City & Guilds Centre in Nigeria. It empowers youths with appropriate vocational skills that will make them gainfully employed and capable of contributing meaningfully to the development of themselves and the society.

Vendor Finance Scheme NLNG recognises the fact that funding is the bane of the Nigerian manufacturing industry. This led to the introduction of USD 1 billion NLNG Local Vendors Financing Scheme (NLVFS) which facilitates access to funds from participating banks by NLNG-registered vendors (suppliers of goods or contractors of services). This way, vendors get speedy access to ﬁnance for their contracts, or procurement orders, at competitive rates.

Indeed, education is a special focus area for NLNG. The company has earmarked N2 billion (USD12 million) for the development of engineering education in six Nigerian universities to support the country’s educational sector. NLNG will spend N340 million (USD2 million) each on the construction of modern engineering laboratories and supplying them with cutting-edge equipment. The universities are University of Ibadan, University of Ilorin, University of Port Harcourt, University of Maiduguri, Ahmadu Bello University, and University of Nigeria Nsukka. The company promotes acquisition of vocational skills through

Facts & Figures on NLNG 2014

GAS SUPPLY Nigeria is blessed with abundant reserves of associated and non-associated gas estimated to be in excess of 180 Trillion (standard) cubic feet (Tcf). The country is ranked ninth in terms of proven natural gas reserves in the world. The natural gas reserves are estimated to be sufﬁcient to sustain current production rates for over 60 years.

export NGL and gas projects such as the West African Gas Pipeline Company (WAGPco) and, potentially, other future LNG projects. The NLNG six-train complex is the biggest gas consumer and exporter in Nigeria with its current daily consumption of almost 3.5 bcfd, equivalent to the total daily consumption of industrialised countries like the Netherlands.

Gas Production and Utilisation in Nigeria

Geologists believe that there is a lot more gas to be found (potentially up to 600 Tcf), if companies deliberately explore for gas, as opposed to finding it while in search of oil. The government aims to eliminate all flaring of gas associated with the production of oil, and NLNG continues to play a significant part in this. In the period 1999–2013, NLNG has converted 119 Bcm (billion standard cubic metres) or 4.2 Tcf (trillion cubic feet) of Associated Gas (AG) to export products (equivalent to more than 1460 LNG and NGL cargoes) which otherwise would have been flared. With further improvement in the collection of associated gas, NLNG with its 6-Train LNG/NGL complex will reduce upstream flaring in Nigeria even further. Other demands on the use of Nigeria's gas are domestic power generation, domestic utilities and industries, as well as

Facts & Figures on NLNG 2014

Gas Supply Agreements

Feedgas

Nigeria LNG Limited has long term Gas Supply Agreements (GSAs) with three Joint Ventures (JVs) for the supply of natural gas (feedgas) to the plant. These JVs are Shell Petroleum Development Company of Nigeria Limited (SPDC), Total Exploration Production Nigeria (TEPNG) and Nigerian Agip Oil Company Limited (NAOC).

Feedgas is produced by the JVs from various concession areas in the Niger Delta, from onshore and offshore ﬁelds and supplied to NLNG under a long term Gas Supply Agreement with each JV. The agreements ensure efﬁcient gas supply to the plant throughout the life of the projects.

Details of the agreements are as follows: (% vol. of gas supply by each JV):

SPDC-JV is currently supplying feedgas from a number of fields including Gbaran Ubie (with a capacity of 1.2 Bcf/d, which started-up in June 2010), Soku, Bonny (on-shore), Bonga, and EA (off-shore) supply facilities, each receiving gas from a wide range of oil and gas fields. Additionally, under a special supply arrangement with the SPDC-JV, an indigenous marginal field concessionaire /operator - Niger Delta Petroleum Resources (NDPR) commenced natural gas supply to NLNG in November 2012 from its Ogbelle-Obumeze oil and gas process facilities. At 35mmcf/d, it currently supplies 1 % of NLNG daily feedstock with potential to grow to 100mmscf/d.

Legend: * NNPC SPDC NAOC EPNL -

Operator Nigerian National Petroleum Corporation Shell Petroleum Development Company of Nigeria Limited (Shell Affiliate) Nigerian Agip Oil Company Limited (Eni affiliate) Total Exploration Production Nigeria (Total Affiliate)

Facts & Figures on NLNG 2014

The NAOC-JV supplies gas to NLNG from its Obiafu-Obrikom (OB-OB) Integrated Gas Supply centre which receives gas from a wide range of fields including Idu, Akri, Kwale, Irri, Oshie, Tebidaba and Ebocha oil and gas fields. The TEPNG-JV derives gas supplied to the plant from the onshore Obite, Ibewa and Obagi fields. Additionally, natural gas rich in liquids is supplied to NLNG from its off-shore Amenam

and Akpo platforms. Currently, TEPNG is running a project to increase its supply capacity from the Obite Gas Plant. A separate 42-inch diameter gas transmission pipeline is also in project execution phase, to bring the additional gas from Obite Plant to NLNG. At present, with six trains in full operation, the total gas requirement of the company's Bonny Island natural gas liquefaction plant is about 3500 MMscf/d (3.5 Bcf/d). Gas is transmitted to the NLNG complex through six independent Gas Transmission Systems (GTS). GTS-1, -2, -4 and Bonny Non Associated Gas (BNAG) piping systems are on-shore, while GTS-3 and -5 are off-shore lines.

COMMERCIAL Marketing & Sales Administration Since October 1999 when the ďŹ rst LNG cargo was loaded for delivery to Montoir Terminal in France, NLNG has maintained its reputation as a reliable and secure supplier of LiqueďŹ ed Natural Gas and Natural Gas Liquids (Condensates and LPG) worldwide. With a six-train complex of 22 mtpa LNG nameplate production capacity and 5 mtpa NGLs production capacity, NLNG now has the capacity to load and safely deliver over 300 cargoes of its products annually.

LNG Contracts NLNG currently manages sixteen (16) long term LNG Sales Purchase Agreements (SPAs) executed with 11 buyers on a Delivered Ex-Ship (DES) basis. These buyers include Enel, Gas Natural, Botas, GDF Suez, GALP Gas Natural, BG LNG, Endesa, ENI, Iberdrola, Shell Western LNG BV and Total Gas and Power Ltd. The Long Term LNG buyers take delivery of their volumes in receiving facilities spread across the Atlantic Basin in countries such as Spain, France, Portugal and Italy in Europe, Turkey, Mexico and the United States of America. In recent times, NLNG cargoes have been delivered to the Far East, Middle East, South America and the United Kingdom through existing customers and via spot Master FOB

Facts & Figures on NLNG 2014

agreements with several companies. Volumes have gone as far as Japan, South Korea, Taiwan, China, India, Kuwait, Brazil and Wales. This has positioned the company as a global player in the gas industry. NLNG has also executed over 38 Spot Free on Board (FOB) LNG Master Sales Agreements with various companies located across major markets, enabling the sales of excess production volumes to the spot LNG market.

Natural Gas Liquids Known as Natural Gas Liquids, high quality Liqueﬁed Petroleum Gas (LPG) and Condensate (Natural Gasoline) are by-products of the natural gas liquefaction process. NLNG currently produces in excess of 1.5 and 1.0 million tons per annum respectively of Condensate and LPGs per annum. 75% of both LPG (Propane & Butane) and Condensate are sold on Free on Board (FOB) basis to its shareholders on equity basis using a matching mechanism on a price set by a competitive tender, with prequaliﬁed companies taking up the remaining 25% of the product volume.

Domestic LPG Supply NLNG commenced supply of LPG to the Nigerian domestic market in 2007. That ﬁrst NLNG LPG cargo into the domestic market was discharged at Apapa jetty on December 26. At the moment, NLNG has signed Sales and Purchase Agreements (SPAs) with 15 off-takers (all Nigerian companies) in which the company is committed to deliver up to 250,000

Facts & Figures on NLNG 2014

tonnes of LPG into the Nigerian market annually, in line with the commitment to grow the domestic LPG market in Nigeria. LPG is delivered Ex Ship (DES) model with NLNG-chartered LPG tankers. Under the DES model, the LPG tanker loads from NLNG Terminal in Bonny and delivers directly to the buyer's terminal at the various ports in Nigeria. From January 2013 to August 2013, Gaz Providence, the LPG tanker, loaded 128,510.70 MT and discharged 128,389.81 MT of LPG to the Nigerian domestic LPG market. In order to assure safe operations at the local LPG terminals, NLNG conducted Due Diligence Inspections of the respective discharge terminals and also provided training to the operators of the terminals (NNPC, TOTAL, PPMC, etc.). The LPG Domestic Supply scheme, which has been an outstanding success, has led to a signiﬁcant reduction in the end-user price of LPG in the domestic market.

In The Future NLNG will continue to consolidate its position as one of the largest producers and exporters of LNG in the world, maintaining its position as a major, strategic and reliable supplier. Currently, NLNG delivers some 7% of global supply. NLNG's 8.4mtpa Train 7 project, which will raise the liquefaction capacity to 30.4mtpa, is now awaiting Final Investment Decision (FID). SPAs have already been executed with ﬁve buyers.

Facts & Figures on NLNG 2014

SHIPPING NLNG has a total of 23 ships on long-term charter for its sixtrain operation. All 23 ships are utilised on an integrated scheduling basis and load at NLNG Terminal in Bonny, Nigeria, for ex-ship deliveries to buyers in Europe, South America, Gulf of Mexico (GOM) including ports in Mexico and US, Middle East and Asia. The ownership structure of the ships is as follows: Bonny Gas Transport (BGT) 13 (four membrane and nine Moss carriers) BW Gas 8 (All membrane carriers) Nippon Yusen Kaisha (NYK) 2 (All membrane carriers)

Operational and Technical Management of the Fleet Vessels •

Ten BGT vessels are managed and operated by NLNG Shipmanagement Services Department (NLNGSS) • Three BGT vessels are managed and operated by Shell International Trading & Shipping Company Ltd (STASCo) • Eight BW Gas vessels are managed and operated by BW Gas • Two Nippon Yusen Kaisha (NYK) vessels are managed and operated by NYK In 2013, NLNG chartered two additional vessels on an ad hoc, single voyage basis: the LNG Jupiter from Statoil and the

Sonangol Sambizanga from Angola LNG. Both vessels were th th redelivered to their owners on 15 and 13 September 2013 respectively. NLNG also has one vessel, Stena Clear Sky, under medium-term charter. The vessel was chartered for a term of three years in 2012, and will be redelivered to her owner in 2015. In addition to our traditional deliveries to Europe and the US, NLNG also supplies LNG to South America, with deliveries to Mexico and Brazil; and to Asia and the Middle East, with deliveries to Japan, South Korea, India, China, Taiwan, Thailand and Kuwait.

Ship Management Knowledge Transfer Project (SMKTP) NLNG reached an agreement on Ship Management Knowledge Transfer Project (SMKTP) with Shell International Trading and Shipping Company Limited (STASCo) in 2008 with the contract formally signed on June 23, 2009. STASCo manages one of the world's largest ﬂeets of Liqueﬁed Natural Gas (LNG) carriers and oil tankers. The company is known for its high level expertise and decades of experience regarding maritime safety and environment, vessel quality assurance, oil spill preparedness, port and berth assessments, and emergency management, and has partnered with NLNG since inception. Ship Management Knowledge Transfer Project involves the training of NLNG staff (called Secondees) in the acquisition of

Facts & Figures on NLNG 2014

appetite for more tonnage. NLNGSS staff will be involved in design, plan approval and construction supervision of the vessels at the designated shipyards with the appointed Shipping Adviser. Three NLNGSS staff are directly involved in the design and plan approval and subsequent building of the six new BGTPlus vessels, and will later move to the shipyards for active participation in construction supervision during the construction phase of the project. Plans are also made for the training of Nigerians in the acquisition of DFDE experience which will include cross-posting to companies currently managing this class of vessels, and early deployment to shipyards. For more information, see Shipping under Nigerian Content on page 57.

Facts & Figures on NLNG 2014

ship management skills /competencies in 13 core shipping activities known as Business Elements. The project is overseen by a third party assurance provider with series of audits aimed at ensuring alignment with the plan, quality and agreed project schedule. The project achieved milestones which included the birth of a ship management department in NLNG, NLNG Ship Management Services (NLNGSS), and consequent phased take-over of the management of BGT vessels from STASCo. Between July 2011 and July 2013, NLNGSS took over the management of six BGT-owned vessels which were previously being managed by STASCo. NLNG secondees who were previously undergoing training under the SMKTP agreement with STASCo have been moved back to NLNG. NLNG also had a similar agreement with Anglo Eastern UK Limited (AEUK), the LNG arm of Anglo Eastern Goup (AESML). The Anglo-Eastern Group (AESML) has well over 15,000 crewmen and over 1,000 seasoned shore-based workers round the world. It offers the complete spectrum of ship and crew management and technical services, which include technical support, superintendence, procurement, accounting, insurance and agency services. NLNG signed “Secondee Training Agreement” and “Memorandum of Understanding for a Scheme of Ship Management Knowledge Transfer” with AESML on 15th June 2009 and 13th January 2011 respectively. The secondees that

Facts & Figures on NLNG 2014

were being trained by AESML have since completed their training and have been transferred to various roles and responsibilities within NLNG shipping division. Until July 2013, AEUK had been the operational/technical managers of four BGT-owned vessels. However, following the increased capacity and capability of NLNGSS in ﬂeet management and consequent Board approval, the technical/operational management of these vessels were successfully transferred to NLNGSS. AEUK has ceased to perform this role within the project. AEUK, however, continues to partner with NLNG in the supply of manpower for the manning of BGT-owned vessels. NLNGSS continues to increase ship management capacity through training and development of NLNG mariners. Currently, there are four Assistant Superintendents undergoing ship management training directly under NLNGSS tutelage and one secondee in training at STASCo.

Ship-Management Knowledge Transfer Project for Acquisition of Competency in DFDE LNG Carriers (SMKTAPlus) Following an Economic Replacement Assessment (ERA) study on the older BGT vessels, Board approved a ﬂeet renewal and optimization program. Consequently, BGT is currently building six Dual Fuel Diesel Engine (DFDE) LNG carriers in South Korea. Four of the vessels will replace six older vessels while two are aimed at ﬂeet optimization to meet NLNG's increased

NLNG Operational Shipping Performance 2010 - 2013

• •

•

Shipping Safety Record Continuous improvement of the HSE and operational performance of each ship in the ﬂeet is important to BGT and NLNG, and is subject to continuous review. Each ship in the ﬂeet is continuously monitored and benchmarked against LNG industry standards. This is done through: • Application and adherence to NLNG HSE Policy and Procedures • Biannual Fleet Managers' HSSE workshop to discuss and exchange best practice and HSSE improvement • Quarterly Marine Contractors HSSE Managers' Workshop to build commitment towards improving safety on board marine crafts that support the operation of the vessels at Bonny • Shipboard Audit Programme and Safety Management Systems • Continuous implementation and improvement of HSE initiatives

Facts & Figures on NLNG 2014

• •

Independent LNG Shipping Performance Benchmarking Programme Implementation of Behavioural Based Safety (BBS) programmes to continually improve the safety culture onboard Analysis and sharing of incident report recommendations across the Fleet in a process called Learning from Incidents (LFI) Continuous engagement with Fleet Managers for improved performance Ship Management Assurance Review (SMAR) Audit which involves sailing with the vessel. Quarterly HSSE newsletter to demonstrate commitment and share learnings • Monitoring and implementation of applicable local and international regulations • Worksite Hazard Management Programme

The application and enforcement of the above initiatives have resulted in downward trend in Fleet TRCF as shown below.

TRCF – Total number of recordable cases expressed as a frequency in relation to ﬂeet-wide exposure hours. LTIF – Total number of Lost Time Injuries expressed as a

frequency in relation to ďŹ&#x201A;eet-wide exposure hours.

Shipping: Major Milestones

Shipping and Marine Quality Assurance NLNG, through the Shipping Assurance and Compliance Department (SDA), ensures that each segment of the entire NLNG shipping and marine business operations complies with best industry practice and international standards. In line with NLNG Vessel Quality Assurance Policy, all vessels and terminals used for NLNG business are positively vetted using a combination of inspections, assessments and due diligence reviews prior to being used. These activities, including a number of Oil Company International Marine Forum (OCIMF) accredited Ship Inspection Report (SIRE) inspections, are conducted in line with industry best practice. To this end, NLNG has been admitted into the Oil Companies International Marine Forum (OCIMF), an organisation with the mission to be the foremost authority on safe and environmentally responsible operation of tankers and terminals and to promote continuous improvement in standards of design and operation. NLNG is represented in the OCIMF key committees including General Purposes Committee (GPC), Ports & Terminals Committee (PTC), Gulf of Guinea Piracy Focal Group (PGoG) and recently elected into the SIRE Focus Group (SFG).

Facts & Figures on NLNG 2014

NLNG Ship Management Limited (NSML) NLNG Ship Management Limited (NSML) was set up in response to rapid changes and challenges in the maritime business and the scarcity of ship board personnel worldwide, to deliver on NLNG's strategic plan to have a shipping management service, supported by a dedicated manning company to develop and supply qualified and competent shipboard personnel on board its ships. A subsidiary of NLNG, NSML is charged with the rapid development of Nigerian shipboard personnel in line with international standards and practices. The establishment of NSML is also in furtherance of NLNG's Nigerianisation policy which is in sync with the federal government's local content drive. NSML has continued to implement the Nigerianisation Plan with regard to BGT vessels. Since its commencement, the shipboard officers' Nigerianisation policy has produced six captains and four chief engineers. From 2001 to 2012, a total of 219 cadets have completed their cadetship training program in UK maritime colleges. As part of their training, all cadets go on board BGT vessels for practical experience; this is aimed at instilling early in them the discipline required for successful career at sea and at meeting the competency certification requirements. Engineering Cadets and Junior Engineering Officers are also being trained to obtain qualifications in motor ships as well as the existing

Facts & Figures on NLNG 2014

steam ships, to allow NSML to meet additional the challenges and requirements of the new-build DFDE ships. By the end of 2013 NSML had trained 25 Engineering Officers who now have dual certification. In 2013, 17 cadets completed their three years cadetship and are now serving on BGT vessels as officers. NSML currently has 192 Nigerian officers in its employ and now completely manages the deployment/training of all officers and cadets. Because we do not have many Nigerians in the senior officer rank yet, in 2013, with Board approval, NSML started recruiting and employing foreign senior officers to allow the Manning Agreement with AESM to run down. At the end of 2013 NSML employed nine such officers. NSML continues the direct employment and management of Ratings as approved by the NSML Board of Directors, for BGT. The company presently has 154 Ratings in its employ and this number is expected to increase to 300 by end of 2014. NLNG continues to support the Nigerian Maritime Academy, Oron, to train manpower for the industry. Forty NSML Ratings were sponsored to the Basic Mandatory STCW Training at Maritime Academy of Nigeria, Oron in 2013. For more information, see Shipping under Nigerian Content on page 57.

CADETS RECRUITMENT/TRAINING TABLE

Facts & Figures on NLNG 2014