Take a look at our
Companies Focus
Wellpoint Exploration & Production is focusing primarily on acquiring producing or near producing Oil and Gas assets in West Africa.
Wellpoint has formed strategic partnerships with companies such as Oracle Energy, ALSAA Petroleum & Shipping FZC a trading firm in Dubai, Oryx Petroleum (Geneva), Evolution Resources, Offshore Petroleum Consultants, Mercuria and Schlumberger (SLB).
Wellpoint has recognized that as a result of the economic downturn, there are many available upstream assets, thus creating opportunities for investment. Our investment strategy is to assemble a portfolio of non-operated Oil & Gas production assets with significant upside potential and where the operator is a high quality international or independent Oil and Gas company.
Investment Strategy
- Within our African geographical focus area, we are undertaking a proactive screening process.
- The global crisis, low oil prices and consequent company financial stress has led to a buyer’s market.
- We are following an opportunistic approach to identifying and evaluating assets with a good fit to our portfolio objectives.
- Our extensive network of contacts in Africa provide us with an inside track into identifying opportunities.
- Our technical team has deep background and experience in African Exploration and Production, allowing rapid knowledge-based due diligence of opportunities.
- Investment decisions are based on rigorous technical and commercial evaluation of each opportunity.
Our Expertise
KEY ACTIVITIES
- Opportunity identification, screening and selection based on rigorous technical and financial evaluation criteria matching our Company and shareholder business drivers.
- Experienced technical and financial supervision of asset operators ensuring excellence and efficiency in delivering maximum value to shareholders.
- Continuous drive to growth through new opportunity identification and consolidation of value-generating producing assets.
KEY RESOURCES
- Geoscience & Petroleum Engineering.
- Financial.
- Life-Cycle Project Management.
KEY VALUE ADDED
- Well established and consolidated network in Africa.
The Opportunity
The African continent is extremely dynamic with most countries
maintaining sustained economic growth above 10% per annum.
The continent’s youthful population presents a powerful opportunity
for further expansion and innovation while other world regions face
flatter growth and aging populations.
Across Africa, the energy sector is booming and there is a
fundamental need to grow local expertise from early-stage opportunity identification to financing and operations.
Our main business is to identify and to develop Oil and Gas production in assets known to be mature, marginal, or near production. This utilizes the experience and background of both companies’ Technical and Financial Teams which consist of professionals formerly with companies such as Kosmos, Shell, Perenco, ExxonMobil, Total, and Addax Petroleum.
