Exploiting unique acquisition opportunities for indigenous independents. Our robust portfolio of oil and gas fields comprised of interests in onshore and offshore producing assets.

As international oil companies shift their focus away from Africa and even more to deep-shore projects, they are divesting their onshore assets, offering opportunities for indigenous independents to acquire reserves and resources. Our strategy is to continually grow reserves through the development of existing portfolio, and the acquisition of new assets through an ambitious expansion strategy. Our Vision is to be the leading indigenous exploration and production player on the African continent.

Our key competitive advantages are:

• Rich reserve base to support our portfolios
• Low production cost of conventional barrels
• Vast experience in large scale projects 
• Technological expertise
• Integrating value chains

Exploration & Production

AfriCorp Petroleum and partners has a portfolio of exploration and appraisal assets in Nigeria. The Company holds its interests through indirect ownership interests in concessions and through its shareholdings in investee companies.

The Company’s business plan is to increase shareholder value through the acquisition, exploration, development and production associated with oil and gas assets.

AfriCorp Petroleum has delivered on the stated objective of acquiring high quality and free cash flowing producing assets, and continues to consider acquisition and merger options, focusing on production opportunities.

The Company is also striving to deliver on its commitment to shareholder capital returns, having instituted a base dividend policy and launching its first share repurchase program.

The board of directors of AfriCorp Petroleum may, at its discretion, approve asset or corporate acquisitions or investments that do not conform to the guidelines discussed above based upon the board’s consideration of the qualitative and quantitative aspects of the subject properties, including risk profile, anticipated return on investment, technical upside, resource potential, reserve life, above-ground risk and asset quality, including emissions