Mandji Energy Gabon has been formed to specifically concentrate on marginal discoveries or marginal oil fields in Gabon. There are a number of reasons that guide this strategy; for instance, such oil fields are generally close to crude oil transport infrastructure, they are already on production or they can reach first oil relatively quick compared to green fields, and the geological and reservoir risks are manageable. Mandji Energy Gabon is particularly well equipped to succeed thanks to its capacities and project philosophy:
- Staff is composed of Gabonese oil and gas professionals with an in-depth expertise of the upstream industry in Gabon;
- Comprehensive knowledge of available and high-graded opportunities; focusing on de-risked projects leading to a rapid and robust cashflow
- Extensive understanding of the new Hydrocarbons Code
- Extensive understanding of the new CEMAC financial regulations
- Comprehensive understanding of the working environment in Gabon
- Exceptional capabilities for low-cost operations with tight costs control
- Strong governance
Mandji Energy Gabon has also developed its own network of funds seeking to invest in the type of opportunities being sought out by MEG.
