2018-009

Neptune Energy completes the acquisition of ENGIE E&P International SA

Neptune Energy Group (“Neptune” or the “Company”), is pleased to announce the completion of the acquisition of ENGIE E&P International SA (“EPI”). The transaction sees Neptune become an international independent E&P company across the North Sea, North Africa and South East Asia, producing 154,000 net barrels of oil equivalent per day in 2017.

Neptune’s new global platform offers a sustainable asset base throughout the E&P value chain, a good balance of oil and gas and with low operating costs. The North Sea region benefits from a strong operating base in strategic assets such as Cygnus in the UK and Gjøa in Norway, while Neptune is the leading offshore operator in the Netherlands. North Africa and Southeast Asia provide near-term gas volume growth into strengthening markets while Germany offers a strong, long-life oil production base.

Sam Laidlaw, Executive Chairman of Neptune Energy Group, said: “I am pleased to announce the completion of this significant achievement, which is the result of some three year’s work and marks a new beginning for Neptune Energy. Building on the success and hard work of the EPI team and leveraging its strong portfolio of assets, we aim to generate long term sustained value for the countries in which we operate, our employees and for our investors in order to create a leading international independent E&P company within the next 5 years. In creating and delivering this opportunity, the team at Neptune also have great support from our investors: China Investment Corporation (CIC), The Carlyle Group* and CVC**. We all have a shared vision to create an efficient independent E&P company of scale across diversified geographies, operating safely, and nimbly capturing new opportunities.”

Jim House, Chief Executive Officer of Neptune Energy, said: “I am extremely pleased to officially welcome the EPI business and its dedicated employees to the Neptune family. The business is driven by a dynamic organisation of more than 1,800 staff working across exploration, appraisal, development and production, all of whom are critical to the future growth and success of Neptune Energy. I very much look forward to working with our new colleagues as well as industry partners and other stakeholders as we execute on our ambitions.”

-Ends-

*Carlyle International Energy Partners, L.P. (CIEP)
** CVC fund VI

For further information, please contact:

FTI Consulting
Edward Westropp/Stephanie Ellis
+44 (0) 20 3727 1521

About Neptune Energy Group
Neptune was launched in June 2015 to focus on investing in large oil & gas portfolios that may come available as a result of energy market dynamics. Neptune Energy’s management team is led by seasoned industry expert Sam Laidlaw, who has more than thirty years’ experience in the energy sector. The Company is backed by funds advised by two global alternative investment managers, The Carlyle Group and CVC Capital Partners.

About China Investment Corporation (CIC)
Headquartered in Beijing, CIC was founded on 29 September 2007 as a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. As a long-term financial investor, CIC invests on a commercial basis.

For further information about CIC please visit:
www.china-inv.cn

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $195 billion of assets under management across 317 investment vehicles as of December 31, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 31 offices across six continents.

About Carlyle International Energy Partners, L.P. (CIEP)
Established in May 2013, the CIEP team focuses on oil and gas exploration and production mid- & downstream, refining and marketing and oil field services in Europe, Africa, Latin America and Asia. CIEP is a $2.5b fund dedicated to oil and gas investing. The CIEP team focuses on transactions where it has a distinctive competitive advantage and can create tangible value for companies in which it invests, through industry specialization, deployment of human capital and access to The Carlyle Group’s global network.

More information:
carlyle.com

About CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the US. To date, CVC has secured commitments of over US$107 billion from some of the world's leading institutional investors across its private equity and credit strategies. In total, CVC currently manages over US$65 billion of assets. Today, funds managed or advised by CVC are invested in 50 companies worldwide, employing c.310,000 people in numerous countries. Together, these companies have combined annual sales of over US$70 billion. For further information about CVC please visit: www.cvc.com.

More information:
cvc.com