Maintaining Growth in a Low Price Environment
Steve Lowden, CEO, NewAge (African Global Energy)
At Supply, Demand & the Price of Oil Event
3 November 2015
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Speaker’s Biography
Steve Lowden has circa 30 years’ experience in international oil and gas exploration, development, and production. He is currently founder, CEO and Chairman of NewAge which was launched in early 2008 and now has a portfolio of eleven assets in seven countries and five development projects, two of which are already in production. Steve was previously executive director and officer on the boards of Marathon Oil and Premier Oil where he led the new growth strategy based on international expansion and developed a number of world class projects including a new LNG business.
Need to know
NewAge (African Global Energy) Limited, is a privately held oil and gas company with a portfolio of quality assets in seven countries, mostly in sub-Saharan Africa, a highly experienced Board and a strong group of shareholders. Since the company was founded in 2007, we have drilled twelve successful exploration and appraisal wells and built a portfolio comprising six oil fields and five gas fields and have net reserves of circa 1 billion boe. Five development projects have been sanctioned and we have already started producing from two of these fields and expect further production from two new fields in the next 12 months.