Exploration & Production
On the international front, GEX has acquired two onshore blocks in East Africa. In the year 2014 GEX.
Partnering for Growth
Partnerships represent an important dimension of the GEX business. GEX and HRI entered into transformational partnership with focus on delivering growth and adding value to European and African energy sector. The partnership commemorates a perfect blend of GEX Deepwater and development expertise with project management skills. In partnership with HRI, GEX plans to become a major player across the gas value chain in Europe and Africa. We have also forged strategic partnerships with major oil companies.
Upstream business, GEX aspires to
• Be among the top 10 global independent hydrocarbon producers in next 10 years with a target sustainable production
• Bring no harm to people and environment, safety is paramount (Zero accidents, 100% compliance)
• Be recognised as a "Partner of choice" for our stakeholders, building strong relationships which are of mutual advantage
• Be European and African top player across the gas value chain
• Have best-in-class people, processes and technology
In the coming years, GEX plans to develop additional hydrocarbon resources from the existing discoveries in the portfolio.
To supplement the existing asset base, we continue to look at new opportunities globally that are a strategic fit with capabilities and integrated petroleum value chain.
Coal Bed Methane
Development activities are underway in 2 blocks (East of Africa) with first gas being targeted in the current year. As part of GEX development program, GEX will drilling more than 200 wells and setting up two Gas Gathering Stations and 8 Water Gathering Stations.
We are constantly working with our partners to progress various value creation initiatives that improve our business performance. New development concepts such as down spaced wells, drilling in East Africa, which will positively impact reserve accretion and improve recovery. Cost reduction initiatives like multi well-pad drilling, longer laterals and others have been successfully introduced. All three remain focused on high-grading of development activities, improving costs and efficiencies and managing the low price environment through prioritizing well capex in the most prolific areas.