Assala Energy also will assume associated liabilities, including a loan of $285 million.
The Carlyle Group LP published this content on 01 November 2017 and is solely responsible for the information contained herein. Region.
Assala Energy is an oil and gas, exploration and production company, privately backed by global alternative asset management company, The Carlyle Group.
A link has been emailed to you - check your inbox. This sale was announced on 24 March 2017 with an economic date of 31 December 2015. Assala Energy will also assume associated liabilities, including a loan of $285 million. Investment Represents Carlyle's Largest Transaction in Africa to Date London, UK - Carlyle-backed Assala Energy today announced the acquisition of Shell's onshore... | March 24, 2017 Carlyle-backed Assala Energy today announced the acquisition of Shell’s onshore assets in Gabon, Africa, for $587 million. it's been delivered there. Established in 2012 the Carlyle Sub-Saharan Africa Fund and its affiliates, with $698 million of committed capital, have invested over $300 million to date across a variety of industries, including energy, financial services, TMT, retail, logistics and mining services, and across a variety of geographies, including South Africa, Nigeria, Mozambique, Zambia, Tanzania, the Democratic Republic of the Congo and Southern Africa. Carlyle Sub-Saharan Africa Fund (CSSAF) Invested. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published.
Established in 2012 the Carlyle Sub-Saharan Africa Fund and its affiliates, with $698 million of committed capital, have invested over $300 million to date across a variety of industries, including energy, financial services, TMT, retail, logistics and mining services, and across a variety of geographies, including South Africa, Nigeria, Mozambique, Zambia, Tanzania, the Democratic Republic of the Congo and Southern Africa. ', David Roux, CEO of Assala Energy, said: 'Assala Energy will build on Shell's 55 years of work in Gabon. It's Easier to Avoid Taxes When You Own a Business. * Carlyle’s Assala Energy to operate onshore assets * Deal expected to complete summer 2017. Capital strikes $580m deal for Vistria’s St. Croix Hospice, Frontenac sets out to consolidate managed IT services market, Bain Capital hits target for tech fund with nearly $1.1bn, plans to keep raising, Welsh, Carson, Anderson & Stowe makes strategic investment in GovernmentCIO, TPG talks WellSky 2.0 following $1.35bn bet on CarePort, Apollo has plowed ~$5bn into covid-ravaged aerospace industry this year, Deal talks accelerate ahead of election, TPG talks WellSky 2.0, Philips Lifeline seeks buyer, PE-backed Kleinfelder buys Gas Transmission Systems, PE-backed SENTA Partners buys South Georgia allergy practice Valdosta ENT.
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Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions.
Tel: +34 (0) 638 976 262 About Carlyle International Energy Partners (CIEP). You can modify or delete your notifications or summaries in your account. If you would like to receive further information about Assala Energy, please contact | Caroline Sourt, Director of External Affairs and Human Resources | Email: email@example.com. London, UK – Carlyle-backed Assala Energy today announced the acquisition of Shell’s onshore assets in Gabon, Africa, for $587 million. The transaction is expected to close in summer 2017. With this transaction, Assala Energy will assume debt of USD $285 million.
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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. London, UK -Carlyle-backed Assala Energy today announced it has completed the acquisition of Shell's onshore assets in Gabon, Africa, for a total of USD $628 million including an amount equivalent to interest.
Assala Energy will invest responsibly to secure and increase production levels as well as oilfields’ life.
Production from the assets in Gabon is approximately 60,000 bopd operated and 40,000 bopd net, the latter reflecting production volumes both from Shell’s own as well as third party-operated fields. The Carlyle Group employs more than 1,550 people in 31 offices across six continents. We will carry out responsible operations through best-in-class safety, environmental, social performance and transparent stakeholder partnerships. Register now to read this article and more for free. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Capital for this investment will come from two Carlyle funds: (i) Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in global oil and gas exploration and production, mid- and downstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia and; (ii) Carlyle Sub-Saharan Africa Fund (SSA) a $698 million fund that invests in buyout and growth opportunities across Africa. Carlyle invests across four segments - Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions - in Africa, Asia, Australia, Europe, the Middle East, North America and South America.
In Gabon, oil companies have increased profits during the current public health crisis and negotiated very profitable fiscal benefits with Bongo's government. The company’s management team includes successful, Africa-experienced E&P professionals, many of whom have worked in Gabon previously. [...], After having failed to respect its OPEC quotas in May and June, Gabon is now trying to increase the pressure on producers to stick to the organisation's rules.
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