Commitment to Africa
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Afren is a dynamic oil and gas exploration and production company – listed on London’s main market.
Focused on Africa – we have operations in several African countries encompassing the full-cycle E&P value chain of production, development, appraisal and exploration. Today, Africa is the fastest-growing source of natural resources and a major supplier to the world’s leading markets.
We hold a unique position on this continent and not only have close relationships with indigenous companies and suppliers – but also a strong African representation on our Board and management teams. We firmly adhere to a strong ethical policy that channels significant resources back into local economies.
A clear strategy, coupled with robust and effective management processes, has allowed Afren to enjoy continued growth since IPO in 2005 – consistently exceeding targets.
Achieving first oil at our maiden operated development, Okoro, in 2008. Moving from AIM to the main market in 2009 and FTSE 250 index inclusion. Exceptional recent appraisal drilling results. All these factors place us in a strong position to deliver further growth and shareholder value, positioning Afren at the top end of the London listed E&P universe.
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Nigeria
A balanced portfolio of nine assets offering production, development, appraisal and exploration opportunities.
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Ghana
Operated interest in the highly prospective Keta Block, located along the prolific West African Transform Margin.
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Côte d’Ivoire
Established oil and gas production at Block CI-11, with associated midstream gas processing and NGL extraction; development opportunity at Block CI-01 with significant appraisal and exploration upside.
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Nigeria – São Tomé & Príncipe JDZ
Deep water high impact exploration block; the Obo discovery encountered 150ft of oil pay in 2006.
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Congo
Non-operated interest in the La Noumbi permit adjacent to – and on trend with – the M’Boundi field, one of Africa’s largest onshore discoveries.
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