Related Articles
CEO of Afentra Paul McDade
Forward article link
Share PDF with colleagues

Ex-Tullow CEO sees fresh African opportunities

Paul McDade sees big opportunities among stranded assets in West Africa for his new company

Former Tullow Oil CEO Paul McDade recently led a buyout of management and significant shareholders at UK upstream independent Sterling Energy, which has since been renamed Afentra. McDade spoke to Petroleum Economist about the relaunched company’s priorities, its African ambitions and the takeaways from his time as Tullow CEO. Afentra—short for African Energy Transition—will employ an acquire and build model focused on producing assets and discovered resources rather than greenfield developments, he explains. The firm will look at asset quality and potential, for instance whether a field’s productive life could be extended in a cost-effective manner, and is “agnostic” about whether particu



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
North Sea independents aim to reap carbon footprint benefits
3 December 2021
Two of the basin’s larger producers consider ways to cash in on relatively greener production
Southeast Asian NOCs take different paths
3 December 2021
Petronas, PTT and Pertamina are pursuing divergent strategies after coming to dominate the region’s upstream in recent years
Aramco back to petchems drawing board
3 December 2021
The Saudi heavyweight’s international downstream expansion strategy will need another reboot
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video