SPTEC ADVISORY

Your Trusted Advisor For Oil & Gas

in Africa and the Middle East
O Seu Consultor de Referncia para Petrleo e Gs em frica e no Mdio Oriente

Conseiller en Investissements Financiers n 14003295

Membre de la CNCIF
Association agre par lAutorit des Marchs Financiers

About us

Our services

Partnerships

Experiences

SPTEC Advisory was established in 1994 as an independent advisory firm focusing on the Oil & Gas industry in
Africa and the Middle-East.

We deliver un-biased advice supported by an in-depth knowledge of the sector value chain.

Our firm specializes in strategic advisory to companies and governments, investments and divestitures advisory as
well as financial structuring and fund raising advisory.

The team has developed a comprehensive technical and economic understanding of assets and business models.

The team members have been involved in numerous transactions in the industry and has demonstrated the
capability to deliver outstanding execution and insight advice to clients.

Our client base includes corporations, financial institutions, governments and individuals related to our focus
industry.

The management has an extensive network of relationships with access to industry leaders and decision makers
globally.

In February 2013, SPTEC Advisory and Upstream Advisors, a niche consultancy firm, have entered into a strategic
alliance agreement to leverage their complementary expertise.

In July 2013, SPTEC Advisory became a member of the CNCIF - Chambre Nationale des Conseillers en
Investissements Financiers -, regulated by the Autorit des Marchs Financiers (AMF)
2

About us

Our services

Partnerships

Experiences

SPTEC Advisory provides high-quality advice and execution capabilities within our core practice areas which include:
Consulting and Strategic Advisory

SPTEC Advisory offers high-level strategic and commercial advisory to corporates and governments.

We assist our clients in assessing new markets and negotiate complex commercial contracts.

We inspire innovative approaches to our clients and counterparts.

Mergers, Acquisitions & Divestitures

SPTEC Advisory specializes in providing full-service in mergers, acquisitions and divestitures to corporates and investors.

In conjunction with our strategic partners, Upstream Advisors, we have an extensive complement of engineers, geologists
and corporate finance professionals to provide in-depth industry experience and market knowledge.

We advise clients on the assessment of assets potential and in the preparation to reach the optimal transaction structure.

We develop multi-criteria valuation methodologies interfacing technical and financial approaches. We organize due
diligences and technical reviews on the sell-side and buy-side.

Our exclusive partnership with Merrill DataSite enables us to provide state- of the-art virtual data room management and
data distribution. Merrill DataSite recognizes SPTEC Advisorys expertise in Oil & Gas transactions.

Fund Raising Advisory

SPTEC Advisory advises clients in defining their fund raising strategy and structures their funding (equity and debt).

We assist clients in finding their adequate equity partner(s) and the relevant group of lenders.

With our in-depth understanding of the fund providers and their approaches to projects, we help our clients in achieving the
most cost-effective funding structure.

SPTEC Advisory assists clients in implementing adequate internal financial monitoring and reporting tools.
3

About us

Our services

Partnerships

Experiences

Powerful alliance with complementary fields of expertise

SPTEC Advisory (Paris)

Africa & Middle East focus

Extensive network of relationships with access to industry

Upstream Advisors (London)

Engineering focused on all the Oil & Gas aspects:

Reservoir to field development

decision makers globally

Access to technical teams at most Oil & Gas firms

Corporate finance expertise in M&A, fund raising

Seasoned industry professionals:

Seasoned professionals:

Corporate finance

Reservoir engineering

Oil & Gas economics

Senior Advisors

15 engineers with actual industry experience and

understanding of operations

www.upstream-advisors.com
Upstream Advisors is a niche, independent consultancy serving the exploration and production (upstream) sector of the oil and gas industry. Its capability spans the technical,
project management and commercial arenas of the upstream sector. Upstream Advisors provide a fully integrated approach which recognizes the commercial, marketing,
subsurface and surface engineering constraints and opportunities, they offer due diligence reviews to support acquisitions and divestments of acreage or equity stakes in
capital projects, they provide strategic planning services for gas development projects at a local and national level, they can also help the client to solve its production
problems by applying advanced techniques and tools to help maximize the plant uptime or throughput.

About us

Our services

Partnerships

Experiences

Best-in class Virtual Data Room services

Merrill DataSite is a secure virtual data room (VDR) solution that optimises

the due diligence process by providing a highly efficient and secure method
for sharing key business information between multiple parties. Merrill
DataSite provides unlimited access for users worldwide, as well as real-time
activity reports, site-wide search at the document level, enhanced
communications through the Q&A feature. Merrill DataSites multilingual
support staff is available from anywhere in the world, 24/7/365.

Merrill DataSite is the first VDR provider to understand customer and

industry needs by earning an ISO/IEC 27001:2005 certificate of registration

the highest standard for information security and is currently the worlds

Main Features

only VDR certified for operations in the United States, Europe and Asia.
Merrill DataSite VDR solution has become an essential tool in an efficient
and legally defensible process for completing multiple types of financial

Access Control. Controlled access and

security for all participants.
Powerful Search. Optical Character
Recognition (OCR) making the data room
fully text and title searchable.
Comprehensive Auditing and Reporting.
Unlimited real-time audit reports.
Enhanced Q&A. Multi-threaded
communication between administrators
and users.
Superior Service. Project Management
team available around the clock, seven
days a week.
Simplicity. Intuitive user interface
including a favorites list and at-a-glance
icons that show documents reviewed to
date.
Scalable Power. Supports documents of
any size and shape.

transactions.
5

About us

Our services

Partnerships

Experiences

SPTEC Advisory professionals have completed strategic assignments for leading enterprises in the Oil & Gas
industry

This experience, coupled with an extensive network of global relationships, enables us to provide unique
advice to our clients.

About us

Our services

Partnerships

Experiences

More recently, SPTEC Advisory has advised clients in key projects:

Merger advisory for Canadian listed companies with assets in Africa

Ongoing sale process in North Africa

Ongoing sale process in East Africa

Acquisition advisory and Fund Raising in in West Africa (Cte dIvoire)

Raising USD 150m debt for gas project in West Africa (Cte dIvoire)

Acquisition advisory and USD 75m Fund Raising in North Africa (Egypt)

Farm-Out Advisory in Oman

Technical review in Congo for Drilling and Engineering

Technical review for LNG regasification plant

Tax regime benchmark for INP (Mozambique)

Gas Contract advisory to Ivorian Authorities (Cte dIvoire)

Strategic Advisory to a National Company in North Africa

Strategic Advisory to a National Company in Europe

7

About us

Our services

Partnerships

Experiences

Team members experiences

Exploration & Production

Advising Sea Dragon in a Fund raising of 50 m USD (Canada/Egypt)

Advising Centurion Energy (Canada) in the sale to Dana Gas (UAE)
Acquisition of E&P assets in Kazakhstan by Kazmunagas (Kazakhstan)
Valuation of Addax Petroleum (Nigeria/Switzerland)
Sale of Coparex (France) to Lundin Petroleum by PAI Management (France)
Acquisition of Shell Nigerian assets by Camac Energy Inc. (USA)
Farm-out of assets for ESSAR (India)
Acquisition project of Al Furat E&P (Syria) from PetroCanada by PA Resources (Norway)
Acquisition project of Esso Rep (France) by Lundin Petroleum
Purchase of assets in Algeria for a Middle East investor (confidential)

Downstream

Acquisition of Shell Africa (19 countries) by Vitol (UK) and Helios (UK-Africa)
Acquisition of PetroOfisi (Turkey) by OMV (Austria)
Divestiture of French retail network to Total and Avia by Shell (UK)
Take-over of EuroRessources (France) by Iamgold (Canada)
Defense of Rio Tinto (UK) against BHP Billiton
Privatisation of Beopetrol by the Government of Serbia, acquisition by LukOil (Russia)
Merger of Esso SAF (France) with Mobil Oil Franaise (France)
Sale of Agip Nigeria by ENI - Agip Petroli (Italy)
Sale of Elf Antargaz (France) by Total Fina Elf (France)
Valuation of distribution network in France (confidential)

About us

Partnerships

Experiences

Gas and Oil Services

Our services

Rights issue for Compagnie Gnrale de Gophysique (France)

Review of PGS (Norway) asset base in the context of the balance sheet restructuring
Consultant to Compagnie Gnrale de Gophysique (France) for the merger with Veritas DGC (USA)
Advisor to Compagnie Gnrale de Gophysique (France) in an acquisition project in Scotland
Valuation of gas companies in Portugal for the Portuguese State and Iberdrola (Spain)
Acquisition of Distrigaz Sud (Romania) by Gaz de France (France)
Merger of Coflexip (France) with Technip (France)

Other mandates

Acquisition of a gas distribution company by ENI

Acquisition of Shell LPG (Butagaz) by a Private Equity Fund
Iberian Oil & Gas company for strategic alternatives
Sale of gas upstream asset in the USA for a Private Holding
Acquisition of BP France by a Private Equity Fund
Acquisition of Nexen (Canada) by Total
Acquisition of Chevron Africa by Addax & Oryx (Switzerland)
Acquisition of Wilhemhaven Refinery (Germany) by Neste Oil (Finland)
Privatisation of Niger electricity company (Nigelec) by the Government of Niger

SPTEC Advisory was established in 1994 as an independent advisory firm focusing

on the Oil & Gas industry in Africa and the Middle-East
SPTEC Advisory delivers un-biased advice supported by an in-depth knowledge of
the sector value chain
SPTEC Advisory specialises in strategic and commercial advisory, investments and
divestitures advisory, as well as financial structuring and fund raising advisory

www.sptec-advisory.com

Conseiller en Investissements Financiers n 14003295

Membre de la CNCIF
Association agre par lAutorit des Marchs Financiers