Oil and Gas Sector
We have made investments in the Oil & Gas sector with the specific objective of linking production from oil blocks into domestic value chains and encouraging value-adding activities across Africa. Our interests in this sector include:
Transcorp Energy Limited
A subsidiary of Transcorp Nigeria. Transcorp Energy owns OPL 281, a 122 sq. km oil block, which has confirmed reserves of 104 million barrels of oil and 1.5 tcf of natural gas.
Tenoil Petroleum & Energy Services (Tenoil)
An indigenous operator of OPL 2008, a 40 sq. km block which holds substantial gas reserves and operates under a Production Sharing Contract with the Nigerian National Petroleum Corporation.
We are co-investors in a joint venture with Seadrill, one of the world’s leading offshore deep-water drilling companies, servicing oil producers in the West African sub region.