Our strategy is to build a material and diversified portfolio comprising substantial mid-life producing fields, near-term development projects, and short-cycle exploration opportunities
We target assets that are often overlooked, non-core, or under-invested by NOCs and IOCs, but which offer significant upside potential. Our focus is on delivering shareholder returns, positioning Afentra as a credible partner to IOCs and NOCs, and creating long-term value for all stakeholders as we support a just energy transition across Africa.
Value driven growth
“Value driven growth” aptly conveys Afentra’s purpose and position within its stakeholders’ ecosystem. Within this network Afentra works collaboratively with it’s many stakeholders that include its shareholders, industry partners, the Government, regulators, citizens in its country of operation and employees.
Afentra delivers value driven growth; whether that be the value of the business as a whole through capital appreciation, the value of the assets in which it holds interests, the value Afentra brings to its Joint Venture partners, and the value that Afentra brings to its countries of operation through long-term sustainable investment and progressive engagement with local stakeholders.
Business model
Afentra’s business model creates value by taking a strategic approach to portfolio development, its strategy is guided by several key considerations:
- Building a portfolio of mid-life producing and near-field development assets, alongside near-field exploration opportunities, utilising smart dealmaking to deliver significant cashflow and where we can identify new growth opportunities to deliver increased value.
- Aligning with credible partners who share a commitment to asset optimisation and responsible stewardship.
- Ensuring materiality of equity interest in assets to maintain relevance and influence in decision-making.
- Leveraging technical expertise to provide up to date and pragmatic solutions that enhance operational efficiency , extend field life whilst reducing environmental impact.
- Maintaining financial discipline to support asset investment and future M&A, and management of crude liftings to enhance cash flow.
- Committing to host countries by fostering local industry participation, collaboration and alignment with government priorities.
Legacy production and near-field development assets, alongside near-field exploration opportunities that are value accretive with material upside
Applying proven and innovative technologies to safely optimise production, reduce emissions, and lower the cost of operations.
Reinvesting in incremental activities, including near-field developments, that extend field life, as well as targeting near-field exploration opportunities.
Managing liquidity, optimising a capital structure and smart deal making that delivers shareholder value over the long term.
Enhancing value for all external stakeholders:
Investors
Cashflow from long-life assets
Strong underlying cashflow from long life stable assets with material upside that fund investment in the assets and future growth of the portfolio creating a strong investment thesis.
Community and NGOs
Delivering a positive impact
Our ESG strategy is embedded into our activities so as to have a positive impact, reducing both environmental impact while supporting socioeconomic development and the upholding of high standards of governance.
Government
Socioeconomic development
Extending the life of national strategic assets resulting in positive socioeconomic impacts through revenues, employment and the transfer of skills while supporting a just transition.
Geographic Focus
West Africa presents a compelling opportunity due to its established hydrocarbon industry, significant untapped potential, and a supportive regulatory environment that encourages foreign investment.
Afentra is well-positioned to capitalise on this opportunity by expanding its footprint in Angola and selectively entering complementary markets across the region, with a focus on building a portfolio of high-quality, cash-generative assets that also support the African energy transition.
Abundant Resources
Angola is Africa’s second-largest oil producer, with vast untapped reserves. High quality mid-life assets primed for optimisation following prolonged period of underinvestment.
Government Support
The Angolan government is actively seeking to attract foreign direct investment, offering incentives such as tax breaks and partnerships with the state-owned oil company, Sonangol.
Stable political environment
A stable political environment has led to reforms which have improved economic stability and transparency in Angola’s business environment.
Improved fiscal environment
The Angolan government continues to reduce the burden on international oil companies to attract foreign investments.
New Venture Opportunities
Undeveloped and high-impact blocks being made available (eg Onshore Kwanza Basin Licensing Round).
Improved governance
The establishment of the ANPG regulates the industry in line with global best practice.
Partnering for success
A critical aspect of Afentra’s success is its ability to develop strong and collaborative partnerships.
We believe in a two-way approach: by investing in the countries where we operate, empowering local talent, and working closely with our partners, we aim to support the development of local industries, positively impact national economies, and deliver long-term value to all stakeholders.
Afentra remains committed to working as a non-operating partner in its strategic ventures, but is also well positioned to take on operated roles when appropriate — allowing for greater influence, accountability, and direct asset stewardship.
The quality, reputation, and capabilities of our partners are central to our business development strategy. We seek the right balance of technical excellence, commercial strength, and aligned interests to ensure that partnerships are built to succeed and deliver shared objectives.
