Kariya Energy’s technical and financial strength puts it in a position to bring Canadian and American ingenuity into the growing oil and natural gas market in Africa
JOHANNESBURG – North American brand Kariya Energy announced Moday that it would enter into various definitive agreements to acquire upstream and midstream oil and gas assets in African countries.
Kariya Energy, whose technical and financial strength puts it in a position to bring Canadian and American ingenuity into the growing oil and natural gas market in Africa, has had engagements and experience with various deep and shallow water projects in Mozambique, Nigeria, Senegal, Congo DRC, Congo Republic and Gabon, turning those countries into great investment possibilities.
After spending 16 months on reviewing data from the various IOC’s, the company is now expected to pursue acquisitions of various exploration and development plays, either through Farm-in deals or operatorship through risk service contracts or through direct negotiations with governments.
The North American company said it would continue with its current support by providing technical, financial, and operational support for oil and gas companies currently operating in Nigeria, Congo and Gabon.
“Kariya Energy’s strategy has focused on the innovation and evaluation of new opportunities for resource extraction with great technology that has produced results,” said the company, which is also set to pursue profitable small-scale LNG projects across Africa, a niche that its leadership has been skilful in building and making it profitable and scalable, boasting significant potential across the African market.
“With its technology, Kariya can turn around African small-scale LNG and work with partners in addressing off-grid power generation for industrial and residential needs in remote locations and deal with issues around energy poverty.”