Afentra, under the guidance of co-founder and chief operating officer, Ian Cloke, has been making moves across the African industry, taking over assets from international oil companies (IOC) and developing hydrocarbons in a sustainable manner
While Africa faces the impacts of climate change warranting the need to reduce emissions across the energy sector, over 600 million people still lack access to electricity, emphasising the need for the continent to maximise its oil and gas resources.
Having been confirmed as a speaker and participant at the continent’s premier event for the oil and gas sector, African Energy Week (AEW) – taking place from 18 to 21 October, 2022, in Cape Town – Cloke will meet and engage with other African stakeholders, driving discussions on oil, gas and Africa’s energy transition.
With over 25 years’ experience in the oil and gas sector, Cloke’s expertise has seen him work for global energy majors including Mobil Oil, ExxonMobil and Tullow Oil. Having co-founded Afentra, Cloke aligned his focus on effecting sustainable change across Africa’s oil and gas industry – Afentra’s purpose is to support the African energy transition as a responsible, well managed independent, enabling the continued economic and social development of African economies and bridging the gap to other renewable forms of energy.
The 2022 energy landscape encompasses international stakeholders calling for the end to fossil fuel utilisation, a significantly reduced capital expenditure climate owing to energy transition-COVID-19 impacts, and IOCs looking at responsibly exiting assets, pursuing low carbon energies such as renewables. With the current operator transition seeing IOCs transferring assets to independents, Afentra has consolidated its position as the preferred partner for host governments, acquiring such assets and driving development through the implementation of low-carbon and sustainable technologies. This way, Afentra is not only ensuring Africa continues to benefit from its oil and gas resources, but that the development of these resources is achieved in a low-carbon manner, thus, ensuring the transition to a clean energy future on the back of oil and gas.
Under a mission to become the trusted partner of both IOCs and host governments in the divestment of legacy assets, AfentrEmera is gradually strengthening its footprint across the African energy sector, with new acquisitions broadening the company’s portfolio. Recently, Afentra signed an agreement with Angola’s national oil company, Sonangol, for the purchase of interests in Block 3/05 and Block 23, offshore Angola – representing the company’s entry into the now biggest oil producer on the continent. As Afentra expands into other high potential markets across Africa, the future of the continent’s oil and gas sector seems bright, with independents leading the way towards a sustainably developed hydrocarbon industry.