Seven Energy has secured US$100 million of additional equity capital

This is comprised of US$50 million from existing shareholders of the Group, including Temasek, Petrofac, Capital International Private Equity, Standard Chartered, International Finance Corporation and IFC African, Latin American and Caribbean Fund, by way of an open offer and US$50 million invested by the IDB Infrastructure Fund II, sponsored by the Islamic Development Bank and other institutional investors.

These additional funds enhance Seven Energys liquidity as it completes the gas pipeline that integrates its existing pipelines in the south east of Nigeria.