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

With its technology, the company said it can turn around African small-scale LNG 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.

Kariya Energy’s technical and financial strength puts it in a position to bring Canadian and American ingenuity into the growing oil and natural gas market in Africa.

[Also Read] New PIB Proposes Single Regulator for Midstream, Downstream Oil Sector

Kariya Energy and its management team’s engagements and experience with various deep and shallow water projects in Mozambique, Nigeria, Senegal, Congo DRC, Congo Republic and Gabon makes these countries great investment possibilities.

After spending 16 months reviewing data from various IOC’s, 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.

Kariya Energy 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.

[Also Read] IMG Midstream Eyes Increased Gas Supply, Create New Niche Market for Local Gas Producers

Kariya Energy’s strategy has focused on the innovation and evaluation of new opportunities for resource extraction with great technology that has produced results.

Kariya Energy will pursue profitable small-scale LNG projects across Africa, a niche that its leadership has been skilful in building and making it profitable and scalable, boasting significant potential across the African market.

By Chibisi Ohakah, Abuja


Be the first to know when we publish an update

Get More Nigeria Oil and Gas Industry News on Orient Energy Review.


Be the first to know when we publish an update

Leave a Reply