NIGERIA - H Oil African History and Presence

• H Oil Group in Nigeria since 1970
• One of first export cargoes of crude oil from Nigeria was purchased by H Oil’s President while at Glencore
• Partners with El Shaddai Petroleum Ltd., an important indigenous firm, with an option to acquire OPL-294 (est. unrisked reserves of 400m boe), awarded in the 2007 Bid Round
• Lifted 100,000 bbl/day of Oso Condensate, Forcados and Pennington during the 1990s
• Supplied 600,000MT of petroleum products annually to PPMC during the 1990s
• Won tender for OPL-246 on behalf of Petrobras and Total in 1998