Afentra Receives Approval for Acquisitions Offshore Angola

Afentra. Bigstock

“We now look forward to completing the acquisition in the coming weeks,” stated Paul McDade, CEO of Afentra. “It will mark our entry into Angola and the first of two highly complementary acquisitions that will provide Afentra with a strong growth platform, underpinned by robust cash flow and significant potential to deliver upside value.”

London-listed Afentra is an independent oil and gas company focused on the African energy transition and made its Angola debut with an $80-million sales and purchase agreement signed last May with Sonangol, for stakes in Blocks 3/05 and 23.

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Onur Yilmaz

Onur Yilmaz