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Kariya Energy set to acquire oil and gas assets in various African jurisdictions

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Oilfield Technology,

Kariya Energy has announced that it will enter into various definitive agreement to acquire upstream and midstream oil and gas assets in African countries.

After spending 16 months reviewing data from various IOCs, Kariya Energy will be pursuing acquisitions of various exploration and development plays either through farm-in deals or operatorship through risk service contracts, or direct negotiations with sovereign governments.

The company will continue with its current and ongoing support by providing technical, financial, and operational support for oil and gas companies currently operating in Nigeria, Congo and Gabon.

Kariya Energy will pursue profitable small-scale LNG projects across Africa 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.

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Upstream news Upstream project news Oil & gas news