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Taleveras Group
IndustryOil and Gas, and Power Generation and Transmission
Founded2004
HeadquartersMaitama, Abuja, Nigeria
Key people
Igho Sanomi (President and CEO)
ProductsServices and installation for power generation and transmission, oil and gas
Websitewww.taleverasgroup.com


Taleveras Group is a Nigerian business conglomerate, privately owned with business interests in energy and infrastructure, oil and gas exploration, production, trading and supply, power and construction. Taleveras’ offices are located in London, Geneva, Abuja, Lagos, Abidjan, Cape Town and Dubai.[1]

Background

Taleveras Group was founded and incorporated in 2004 by a Nigerian businessman, Igho Sanomi, with a vision to make the company "a leading Global Energy & Service Company." Taleveras is a parent company of various segments of businesses, namely: Taleveras Power Services BV, Dicken & Mabel Limited, Gembrook Energy Limited, Taleveras Petroleum Trading BV, Awax Limited, Talevras Energy Resources BV, Tadema Shipping & Logistics Limited and Sarian Oil Services Limited. [2]

Operations

Taleveras Group is a fully integrated company offering solutions in energy, power generation and construction services. Its activities in the energy industry are primarily centred on the physical sourcing and marketing of oil. It pursues upstream activities with a major focus on acquiring oil assets with viable proven reserves on a structured basis. It also provides engineering and power services. "Taleveras is a diversified energy and infrastructure conglomerate concentrating on oil & gas exploration, production, trading and supply, with further activities in power and construction."[3] According to Forbes, Taleveras "trades over 100 million barrels of crude oil as well as several million tons of gasoline, LPG and jet fuel. In April 2012, Taleveras acquired production sharing contracts (PSCs) for three offshore oil blocks in Ivory Coast. In June 2013, Taleveras sold a 65% stake in one of its Ivorian offshore upstream projects to Lukoil of Russia for an undisclosed price. Taleveras also owns a stake in a power distribution firm in Nigeria.[4]

Venture-Africa, a bi-monthly Pan-African business magazine that champions African capitalism, describes Taleveras thus: "trading close to a billion barrels of crude oil and millions of tons of condensates, gasoline, jet fuel, condensates and LPG every year. Taleveras also owns substantial stakes in two oil blocks in Nigeria as well as lucrative production sharing contracts (PSCs) in three offshore oil blocks in Ivory Coast. The group's power subsidiary constructs electrical substations in Nigeria and recently acquired a majority stake in the Port Harcourt Electricity Distribution Company. Taleveras has an annual turnover of several billions of dollars. Igho Sanomi is the controlling shareholder of the group."[5]

On 30 July 2013, Televeras Group emerged the bidders for Afam Power Plc.[6][7] Taleveras was among the Nigerian companies reportedly awarded oil lifting contracts, in the Federal Government's bid, through the Nigerian National Petroleum Corporation (NNPC), to award nearly half of 2012/2013 lifting contracts worth $60 billion to indigenous companies and in the process, promoting local content on one hand and "downsizing contracts awarded to international oil traders.[8]

In October, 2013, Taleveras Group signed a technical agreement with Alstom Group for the rehabilitation and capacity expansion of the 776 megawatts Afam power plant located in Rivers State. Patrick Kron, who is the Chairman and Chief Executive (Président-directeur général) of the French engineering conglomerate signed the deal with Taleveras Group on his visit to the President of Nigeria, Dr. Goodluck Jonathan, which had in attendance Nigerian business leaders and members of the international business community in Lagos, Nigeria.[9] [10] [11]

The President and CEO of Taleveras Group led Igho Sanomi led a delegation to Ivory Coast in November, where an upstream deal with the government of the francophone West African State for offshore Block CI-523 were signed and sealed with officials of the Ministry of Energy and Petroleum, PETROCI, the national oil company of Ivory Coast, and Afren, the London Stock Exchange-listed independent oil and gas company. Taleveras had earlier acquired an interest in Afren’s CI-525, located near the Ghanaian border in Ivory Coast. [12][13][14]

In December 2013, an oil industry services group,[15]Petrofac, in conjunction with Taleveras Energy Resources, signed a memorandum of understanding detailing a five-year co-operation agreement with the Nigerian Petroleum Development Company (NPDC), which seeks to support “NPDC's aims to further build indigenous capacity and technical capabilities of NPDC & its affiliates." In the MOU, Petrofac and Taleveras agrees to “provide financial, technical, and capacity and capability building support for the further development of NPDC] 's offshore block OML119 in a risk-based support agreement, by which reserves and license ownership are retained by NPDC].” [16][17] [18]

Corporate Social Responsibility

Taleveras is involved in Global Initiative for Peace, Love and Care (GIPLC),[19] a Non-Governmental Organisation with a mission "to promote sustainable programs and activities that will ensure a better life for the Orphaned and Vulnerable Children (OVC)."[20][21] Taleveras sponsored the 2010 and 2011 Kaduna International Polo Tourneys respectively.[22][23] It also supported the maiden edition of Africa Youth Athletics Championships, held in [[Warri], Delta State in 2010, with “Ten Million Naira (N10m).” The company was commended by Commissioner of Sports, Delta State, Nigeria, Amaju Pinnick for its contribution to Sports. [24][25]

Taleveras Group, in conjunction with Midel Group, funds Dickens Sanomi Foundation (DSF), a charity organisation founded in 2011 to commemorate the life of late Dickens Sanomi. The Foundation organises an annual essay competition for all Nigerian secondary school pupils. Its 3rd edition, tagged ‘2013 Dickens Sanomi Annual Essay Competition’ has been held.[26] The foundation is also involved in Strauss musical competition, which promotes musical development in children and competition for adult writers.

References

  1. ^ "Group Overview".
  2. ^ "TALEVERAS AT A GLANCE".
  3. ^ "Taleveras, Lukoil sign pacts for oil acreage". BusinessDay. 17 June 2013. Taleveras is a diversified energy and infrastructure conglomerate...
  4. ^ "Ten Young African Millionaires To Watch In 2013". Forbes. 15 July 2013.
  5. ^ "10 Nigerian Billionaires You've Never Heard Of". Ventures Africa. 2 July 2013.
  6. ^ "New owners emerge for Afam Power Plc, Kaduna Distribution Company". Vanguard. 1 August 2013.
  7. ^ "Afam Power Plc Nigeria, Sale of Equity" (PDF).
  8. ^ "Nigerians Win Big in Crude Oil Lifting Contracts". ThisDay. 3 July 2012.
  9. ^ Dayo Oketola (24 October 2013). "Afam power plant's expansion to begin soon". Punch Newspapers.
  10. ^ Theodore Opara (19 October 2013). "Alstom partners Nigeria in infrastructural development". Vanguard.
  11. ^ "Firms seal deal over Afam station expansion". Energy Mix Report.
  12. ^ "Taleveras, Afren seal upstream oil, gas deal in Ivory Coast". Vanguard. 25 November 2013. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  13. ^ "Taleveras pick more acreage in Cote d'Ivoire". Petroleum Africa. 27 November 2013.
  14. ^ "Taleveras signs exploration deal with Cote d'Ivoire". Oil Review Africa. 1 November 2013.
  15. ^ Iain Hepburn (3 December 2013). "Petrofac Boosts Nigeria Presence With NPDC Agreement".
  16. ^ "PETROFAC AND TALEVERAS SIGN COOPERATION MOU WITH NIGERIAN PETROLEUM DEVELOPMENT COMPANY". London Stock Exchange News. 3 December 2013.
  17. ^ "Petrofac/Taleveras Sign MoU with NPDC". Petroleum Africa. 4 December 2013.
  18. ^ "Petrofac signs deal with NPDC". Reuters. 3 December 2013.
  19. ^ "Food for One Million, Save a Child and Child Education Support".
  20. ^ "GIPLC Mission and Vision".
  21. ^ "PARTNERS OF THE GLOBAL INITIATIVE FOR PEACE, LOVE AND CARE".
  22. ^ "Taleveras sponsors Kaduna Polo Tournament 2011".
  23. ^ "Taleveras Polo Team".
  24. ^ "Televeras joins AYAC 2013". Vanguard. 27 March 2013.
  25. ^ "Warri 2013 Athletic Championships Begin". The Punch. 28 March 2013.
  26. ^ "Quality essays surprise judges". The Nation. 29 November 2012.
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