Seven Energy

Seven Energy is an indigenous Nigerian oil and gas exploration, development, production and distribution company with a vision to be the leading supplier of gas to the domestic market for power generation and industrial consumption.

Our objective is to utilise our first mover advantage as a supplier to the domestic gas market in our core operating areas and to maximise stakeholder value through sustainable long-term growth across the full value chain. We are successfully providing opportunities for our industrial partners and creating value for our stakeholders and investors.

Company Growth (employees)
London, GB
Size (employees)
128 (est)
Seven Energy was founded in 2004 and is headquartered in London, GB

Key People at Seven Energy

Phillip Ihenacho

Phillip Ihenacho

Bruce Burrows

Bruce Burrows

Jeff Corey

Jeff Corey

Ian Brown-Peterside

Ian Brown-Peterside

General Counsel
Chidi Chukwueke

Chidi Chukwueke

Vice President of Joint Ventures

Glenn Bestall

Glenn Bestall

Vice President of QHSSE/CSR

Seven Energy Office Locations

Seven Energy has offices in London and Lagos
London, GB (HQ)
4th Floor, 6 Chesterfield Gardens
Lagos, NG
35 Kofo Abayomi St

Seven Energy Data and Metrics

Summary Metrics

Founding Date


Total Funding

$255 m

Latest funding size

$255 m

Time since last funding

over 3 years


Seven Energy's latest funding round in April 2014 was reported to be $255 m. In total, Seven Energy has raised $255 m

Seven Energy Financial Metrics

Seven Energy's revenue was reported to be $353.6 m in FY, 2015 which is a 7% decrease from the previous period.

Revenue (FY, 2015)

353.6 m

Revenue growth (FY, 2014 - FY, 2015), %


Gross profit (FY, 2015)

101.2 m

Gross profit margin (FY, 2015), %


Net income (FY, 2015)

(182.1 m)

EBIT (FY, 2015)

(145.5 m)

Cash (31-Dec-2015)

822.1 k
GBPFY, 2013FY, 2014FY, 2015


7.1 m378.2 m353.6 m

Revenue growth, %


Cost of goods sold

7.1 m41.1 m252.4 m

Gross profit

337 m101.2 m

Gross profit Margin, %


General and administrative expense

58.7 m35.3 m

Operating expense total

10.1 k769.838.5 m

Depreciation and amortization

3 m3.3 m


148.4 m(145.5 m)

EBIT margin, %


Interest expense

76.2 m103.4 m

Interest income

83 k536 k

Pre tax profit

(10.1 k)80.1 m(241.5 m)

Income tax expense

25.6 m(59.4 m)

Net Income

(22.1 k)54.6 m(182.1 m)
GBPFY, 2013FY, 2014FY, 2015


254.8 k720.5 k822.1 k

Accounts Receivable

11.3 m7.9 m

Current Assets

37.8 m12 m10.5 m


314.5 k317.1 k177.8 k

Total Assets

38.2 m12.4 m10.7 m

Accounts Payable

3.1 m265.6 k

Current Liabilities

31.8 m3.1 m265.6 k

Total Liabilities

31.8 m3.1 m265.6 k

Retained Earnings

(22.1 k)(769.8)

Total Equity

6.3 m9.3 m10.4 m

Financial Leverage

6 x1.3 x1 x
GBPFY, 2013

Income Taxes Paid

(11.9 k)
USDY, 2015


3.6 m

Financial Leverage

1 x

Seven Energy Operating Metrics

Seven Energy's Gas Reserves & Resources, Tcf was reported to be 1.9 in FY, 2015
FY, 2015

Gas Reserves & Resources, Tcf


Average Daily Gas Deliveries, MMCFPD


Seven Energy Revenue Breakdown

Traffic Overview of Seven Energy

Seven Energy Company Life and Culture

You may also be interested in