Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Cote d’Ivoire well-positioned for upstream development
Potential ‘world-class find’ at Baleine bodes well for the West African country’s prospects
Savannah Energy eyes expansion
The Africa-focused independent is looking for additional projects, says CEO Andrew Knott
Nigeria’s ADM eyes further upstream acquisitions
Nigerian independent ADM Energy is seeking more West African assets to further its recent growth
Eni makes 'major' Cote d’Ivoire discovery
Italian firm plans fast-track development of find in offshore Baleine prospect
Tullow to resume Gabon expansion
The debt-burdened firm’s fortunes appear to be turning
Nigeria’s PIB inches towards law
The Petroleum Industry Bill reached an important milestone at the start of July
Letter from Africa: Upstream opportunities abound as majors step back
There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece
Tullow sees progress in Kenya
The company might not have given up on its Kenyan ambitions
Petronor eyes African expansion
The Norwegian firm is looking for new opportunities on the continent
Double trouble for West African upstream
Corporate carbon goals and local regulatory regimes will determine whether the region’s deepwater sector can attract renewed interest from investors
CEO of Afentra Paul McDade
Tullow Oil Cote d'Ivoire Ghana Nigeria
Simon Ferrie
18 May 2021
Follow @PetroleumEcon
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 particula

Also in this section
The long road to African energy finance
16 June 2025
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
Azerbaijan enjoys rare upstream FID
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
Saudi Arabia and Russia pull OPEC+ in different directions
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Trump creates new risk dynamic
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search