Afentra reports solid operational performance in 2025

Africa-focused upstream oil and gas company, Afentra plc, has reached a gross average production of 21,350 bopd for the first half of 2025 

The company is on track with its multi-year redevelopment plan to boost recovery and production growth. The first half of the year saw continued ramp-up in water injection to reach an average of 35,000 barrels of water per day, so that a level of approximately 85,000 bwpd can be attained by the end of the year. The company, however, has recorded an excess of 100,000 bwpd of maximum injection rates in the first half of the year.

Afentra has reached enhanced production performance by conducting as many as 10 lightwell interventions. There was infrastructure upgrades across power systems, cranes, subsea lines and risers to enhance safety, reliability, uptime and protect future value.

The company is currently conducting platform surveys and access preparation so that rig mobilisation and drilling can be effectively achieved in 2026.

With the assurance of stable asset uptime, the company is on track to deliver US$180mn capital investment programme by the book. 

The first half of 2025 also saw Afentra's acquisition of an additional 5% net interest in Block 3/05 and 6.67% net interest in Block 3/05A. 

Another big highlight for the company during this period includes the onshore Kwanza basin growth plan. A risk service contract was initialed in the KON4 with operatorship and a 35% working interest. The blocks are known for its low-cost exploration potential, and one of them hosts the Quenguela Norte field, which is known to be the largest onshore discovery. 

The Kwanza licenses are currently subjected to technical and operational workstreams, as historic well data are being reviewed and early-stage subsurface workshops conducted. An eFTG acquisition over KON15 and KON4 is now awaited by Q3 2025 to support future 2D seismic planning and subsurface evaluation before exploration, development, and appraisal opportunities can be identified over the next 18 months. 

Afentra recorded an overall revenue of US$52.0mn. It has completed two crude oil liftings during the first half of the year, totalling to 0.7mn barrels, and expects lifting another five before the year ends.

"Afentra has continued to make strong progress in executing our value driven growth strategy, with the announced Etu transaction consolidating our position in Block 3/05 and the initialling of the KON4 RSC marking a further step forward in our onshore ambitions. The KON4 RSC marks an important step for Afentra, as it will be our first operated asset, a testament to our growing capabilities and a key step forward in our onshore ambitions. We continue to prioritise sound financial and risk management to ensure appropriate visibility on cash flow and the most recent cargo sale has moved Afentra into a strong net cash position. Combined with solid operational performance, material reserve replacement and strong asset cash generation, these milestones reinforce the strength of our portfolio and leave us well positioned to deliver further organic growth from our existing portfolio and pursue further value-accretive opportunities. The focus for the second half of the year will be continued operational progress across the portfolio and completion of the Etu and KON4 transactions as we continue to expand, diversify and strengthen Afentra's portfolio in Angola," said Paul McDade, chief executive officer, Afentra plc.