Assala Energy acquires Total Gabon’s remaining stake in the Rabi-Kounga Block.
Acquisition confirms Assala’s strategy to strengthen its investments in Gabon.
London, UK – Assala Energy today announced the acquisition of Total Gabon’s remaining equity in the Rabi-Kounga Block, located in southern Gabon. Assala Energy has operated the Rabi-Kounga Block since November 2017, following its acquisition of Shell’s onshore assets in Gabon. This transaction is subject to customary regulatory approvals and is expected to close in Q4 2018.
David ROUX, Chief Executive Officer of Assala Energy said: “Today’s announcement confirms Assala’s stated strategy to invest in mid-life and mature assets to increase production and extend field life cycles. This investment also underscores our commitment to Gabon and to further growth in the region.”
Assala Energy is owned by global alternative asset manager The Carlyle Group (CG: NASDAQ). With headquarters in London, Assala Energy was created by Carlyle as an oil and gas exploration and production (E&P) platform to focus on energy opportunities in Africa. The company’s management team has significant experience in E&P both in Gabon and Africa.
For More Information
Assala Energy: Media@assalaenergy.com
The Carlyle Group
Tel: +44 (0)20 7894 1632
About Assala Energy
Assala Energy is an oil and gas, exploration and production company, privately backed by global alternative asset management company, The Carlyle Group. Assala Energy’s business model is to invest in mid-life and mature assets, improving operational efficiency and production levels, while responsibly extending field life cycles. The company’s geographical focus is in Sub-Saharan Africa, where Assala Energy is committed to contributing to the national and local economies of its host countries, while complying with its international obligations on transparency.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defence & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents.
About Carlyle’s Energy Platform:
Carlyle’s energy and natural resources activities focus on buyouts, growth capital investments and strategic joint ventures in the midstream, upstream, power and oilfield services, and renewable energy sectors, globally. Its energy and natural resources funds have $25 billion in assets under management within Carlyle and through its strategic partner NGP and legacy relationship with Riverstone Holdings (as of March 31, 2018).
There are four major components to Carlyle’ Natural Resources platform:
- NGP—serves as the foundation for Carlyle’s U.S. energy investing business. Based in Dallas, NGP is currently investing NGP XI, a $5.325 billion fund, and in total has $13.4 billion in Assets Under management (AUM).
- Carlyle International Energy—with $3.7 billion AUM, the fund invests in a range of energy assets around the globe, excluding the U.S. and Canada.
- Carlyle Power Partners—invests in power generation and related assets, primarily in North America, with $2.0 billion AUM.
- Legacy Energy—Carlyle, in partnership with Riverstone Holdings, manages $5.0 billion in four legacy energy funds, which are invested in various exploration & production and renewable energy assets.