Former Tullow Oil chief executive Paul McDade has launched a new company that will focus on upstream and energy transition opportunities in Africa.
Afentra — which stands for African Energy Transition and was previously named Sterling Energy — aims to support sustainable change in the continent’s energy industry, according to a company statement.
The London-listed player aims to buy upstream assets offloaded by larger companies in Africa by accessing capital markets, with the environmental, social and governance (ESG) demands of stakeholders forming a central part of its business risk and opportunity management strategy.
