Assala Energy joins IOGP
The Association’s newest Member takes its name from a breed of African elephant.
In Gabon, ‘assala’ is the local name given to smaller, individual elephants known for their vitality and tenacious character. As such, they are better able to move freely through and thrive in their dense forest environment.
Assala Energy takes its inspiration from this distinctive pachyderm. The company’s strategy is to seek out brown-field assets where an opportunity exists to streamline operations by making them more efficient. ‘We are committed to long-term investment and building solid returns for our shareholders and host countries,’ Assala Energy says.
The company’s focus is sub-Saharan Africa. Its first acquisition has been Shell’s onshore assets in Gabon. Production is approximately 60,000 barrels of oil per day (bopd) operated and 40,000 bopd net. Assala is building on Shell’s 55-year legacy in Gabon and is planning to ‘invest responsibly to secure and increase production levels as well as the oilfields’ life. We look forward to working with the Government of Gabon, Gabon staff and our partners on this exciting opportunity,’ says Assala Energy CEO David Roux.
The company’s IOGP member representative is HSSE Manager Garry Evans, based in the company’s London office.