“All the oil majors sooner or later will sell their assets in West Africa.”—Paul McDade, Afrenta
Jeune Afrique Business+ spoke with the ex-CEO of Tullow Oil, who is launching Afrenta, a new oil company riding on the forced “greening” of Western majors.
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▪ “All the oil majors sooner or later will sell their assets in West Africa.”—Paul McDade, Afrenta
▪ Jeune Afrique Business+ spoke with the ex-CEO of Tullow Oil, who is launching Afrenta, a new oil company riding on the forced “greening” of Western majors.
▪ https://www.africabusinessplus.com/en/807816/all-the-oil-majors-sooner-or-later-will-sell-their-assets-in-west-africa-paul-mcdade-afrenta/
In 2019, moving from the management of Tullow Oil, the Briton took over a firm listed on AIM, and renamed it Afrenta. The company’s objective will be to acquire the assets offloaded by the oil majors active on the continent (Total, Shell, BP), anxious to align their portfolio to reduce greenhouse gas emissions. This strategy is similar to the operations of Talisman Energy and Apache Energy in the North Sea and the Gulf of Mexico.
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