Afentra plc (STGAF)

Overview

Afentra plc is an upstream oil and gas enterprise focusing its activities mainly within the African continent. Originating as Sterling Energy plc before rebranding in May 2021, the company has carved out a niche in the appraisal, exploration, development, and production segments of the oil and gas industry. With its inception dating back to 1983, Afentra has steadily grown and positioned itself in the market, leveraging its expertise and strategic interests to navigate the complex landscape of energy resource management. Headquartered in London, United Kingdom, the firm demonstrates a significant commitment to exploring and enhancing its operational footprint, particularly in promising regions like Somaliland.

Products and Services

• Appraisal

  This service focuses on assessing the quantity and quality of hydrocarbon reservoirs. Afentra plc utilizes state-of-the-art technology to estimate the commercial viability of oil and gas deposits, providing a crucial foundation for the decision-making process in resource development.

• Exploration

  In concerted efforts to discover new hydrocarbon systems, Afentra undertakes comprehensive geological and geophysical surveys. This phase is pivotal for identifying potential drilling sites and expanding the company's portfolio of exploration projects, such as the one it holds in Somaliland.

• Development

  Following successful exploration and appraisal activities, Afentra engages in the development of discovered resources. This involves designing and executing plans to bring these resources into production efficiently, ensuring the economic recovery of oil and gas.

• Production

  Key to its operations, Afentra manages the extraction of oil and gas from its established wells, employing sophisticated technologies and methodologies. This process not only involves the physical retrieval of hydrocarbons but also encompasses the management of production facilities to optimize output and minimize environmental impact.