About Us
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Our
Unique Strategy
We are Setting the Standards for E&P Companies in Nigeria and
Sub-saharan Africa
Bluewave is an independent indigenous Nigerian Exploration and Production (E&P) Company founded on a strong vision to be the premier independent indigenous E&P company in Nigeria and Sub-Saharan Africa. We hope to achieve this through a differentiated strategy based on a strong local content representation in the Board and Management, partnering with indigenous firms and Governments, to provide locally developed solutions on international standards for the vast untapped hydrocarbon potential in various basins in sub-Saharan Africa.
Bluewave was built on exceptional workforce, strategic alliances, world-class technology, operational efficiency, best practices and sustainable initiatives in the host communities and area of operation.
Company Overview
Bluewave is an Independent Indigenous Nigerian Exploration & Production Company duly registered in Nigeria with RC number xxxxxx. We are engaged in the Upstream, Midstream and Downstream sectors of the Oil and Gas value chain in Nigeria and Sub-Saharan Africa.
Company's Objective
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Create a new image for African indigenous independent E&P companies with best-in-class operations and processes
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Our commitment to a low-carbon footprint is ever-present with our sustainable operations
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Be a company of choice for our clients and shareholders through development of strong partnerships.
Our Core Values
Our strong multi-national partnerships is prove that our exceptional core values of Diversity, Excellence, Integrity and Ingenuity puts us among pacesetters in the Exploration & production industry.
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Diversity
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Excellence
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Integrity
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Ingenuity
Our Approach
Our approach to implementing the strategy of growth and maximising the creation of shareholder value involves 6 key steps.
Appraisal
We narrow down on high quality assets through unparalleled application of subsurface knowledge of the chosen basin, particularly in the Niger-Delta where our technical team has excelled in identifying reserves and resources in various levels of development potential.
True to our strategy for seeking to maintain a balanced portfolio, Caldera assesses all reserves and resources encountered for both crude oil and natural gas, ranks them and situates each pool of reserves/resources in the short, medium and long-term strategies of the company.
Development
Convert resources to reserves to maximise value ascribed by the market and industry, through smart and efficient application of technology and superior know-how.
Many of Caldera’s targeted assets both in delineated marginal fields and/or stranded fields retained in IOC blocks are commonly considered as contingent resources. With our time-tested processes however, contingent resources are converted to reserves with smart development plans specific to each field/discovery. The optimal route taken by Caldera begins with smart and prudent capital allocation, data acquisition and detailed interpretation and, risk reduction in the implementation of a phased full field development.
Production
It is our goal to rapidly put fields into production at the shortest possible time and begin to earn revenue. As we place fields in production, we also generate data needed to plan for future exploration and/or development phases and update our short, medium and long-term goals, while producing constant cash flow to maintain portfolio progress and growth.
The full field development phases require the data that will be generated during production to plan efficiently. This can be achieved with our approach of aggressively placing appraised fields into production as this provides the necessary cash flow to fund future appraisals and broader technical work on the assets.
CASHES
With an integrated approach to CASHES, Caldera will ensure the community is part of the project, ranging from employment opportunities, choice of community corporate social responsibility and wholesome application of the Country’s local content policy, beginning with supply chain management of goods/services for our operations to be provided by individuals, groups, associations or companies within our host communities first, before seeking it elsewhere. Local security and first responders for safeguarding of our assets will be local contractors, supported by the usual security apparatus provided by the authorities.
It is Caldera’s aim to attain ISO 14001 and ISO 45001 for our integrated health, safety and environmental management systems. Health, safety and the well-being of our personnel, contractors and clients is paramount to us and we do not compromise on standards at any level of requirement.
Our risk management strategies for work as well as aspects and impacts management, form the basis of our decision making when undertaking business and/or safety critical activities. At Caldera, we have embedded risk management processes into our business operations to ensure key decisions and risks continue to be kept under review, with corrective measures taken when required.
Operational Efficiency
Caldera’s first point of operational efficiency begins with efficient capital allocation. We strive to appropriate optimal capital structure requirements that allows us to balance exploration and operational demands of our portfolio, with financing requirements that ensures appropriate funding for long-term sustainable growth.
In addition, Caldera’s organisation structure is lean and efficient, employing resources on a project-by-project basis, particularly from local communities where they are available. We also strive to adopt the most efficient and cost-effective tools and processes to minimize operations cost while maximizing production. We will deploy our experience in local areas and establish appropriate structures for contracting and supply chain to minimize disruptions in our operations and maximize our revenues.
Gas Monetisation
With the increasing importance of natural gas in the national development plans of natural gas resource rich sub-Saharan African countries, Caldera’s strategy to acquire and monetise gas resources stands out as long-term investors and partners towards the development of our host nation.
Caldera envisages operations that will gather and monetise the vast untapped natural gas resources primarily to take advantage of the large domestic market for power generation, liquefied natural gas and liquefied petroleum gas production. Only when domestic needs are satisfied, will Caldera seek to export natural gas out of the host country.