OilField Exploration & Production
Subsaharan Atlantic Energy Ltd (also known as Subsaharan Atlantic Energy Limited) is a Nigerian private limited liability company (RC-1676191), incorporated on June 17, 2020. Headquartered in Port Harcourt, Rivers State, Nigeria, the company operates actively in the oil and gas sector, with a primary focus on upstream exploration and production. Corporate records confirm that the company remains active and not in liquidation as of 2024.
Founded on the principles of excellence, safety, and innovation, Subsaharan Atlantic Energy Ltd delivers a wide range of services across the upstream, midstream, and downstream segments of the petroleum industry. Its core areas of expertise include:
Guided by industry best practices, the company is committed to quality, compliance, and customer satisfaction. Over the years, it has earned a strong reputation for efficiency, integrity, and reliability in all its operations.
Subsaharan Atlantic Energy Ltd is fully registered with relevant regulatory authorities and strictly adheres to local content policies, ensuring meaningful contributions to the growth and development of Nigeria’s economy.
The company is eager to explore opportunities for collaboration with your esteemed organization and looks forward to engaging further at your convenience.
We look forward to a mutually beneficial relationship.
Yours sincerely,
Subsaharan Atlantic Energy Ltd (ASAEL), though limited in publicly available standalone marketing material, is recognized for its strategic equity participation in oil and gas assets. This is achieved through joint ventures and special purpose vehicles (SPVs) that emphasize indigenous upstream development, aligning with Nigeria’s policy drive for greater local participation in the sector.
Asset Background ASAEL is a participant in the Olure Field, a marginal oil field located in the Niger Delta (Warri North Local Government Area, Delta State). The field was awarded during Nigeria’s 2020 Marginal Field Bid Round (MFBR) and forms part of the Oil Mining Lease (OML 49) acreage.
ASAEL holds a 30% equity interest in the Olure Field through its participation in Multisub Energy Limited (MEL), the SPV established to operate the asset. The remaining 70% is held by Multiplan Nigeria Ltd (MNL), making MEL the operating vehicle for field development and production.
Multisub Energy Limited (MEL)
This partnership highlights ASAEL’s role as a local upstream investor, reinforcing indigenous participation in Nigeria’s exploration and production activities.
Multiplan Nigeria Ltd (MNL) MNL is the majority equity holder (70%) in MEL and collaborates with ASAEL to advance the Olure Field project. Together, they pursue upstream opportunities in Nigerian marginal fields, leveraging technical expertise and stakeholder engagement.
SAPETRO (South Atlantic Petroleum) While not a direct partner in the Olure Field joint venture, SAPETRO is a prominent indigenous Nigerian E&P company with a diverse upstream portfolio in Nigeria and West Africa. It has engaged in strategic partnerships with international firms such as TotalEnergies on deepwater exploration blocks under Production Sharing Contracts, reflecting the broader ecosystem of indigenous operators in Nigeria’s upstream sector.
ASAEL’s equity participation in upstream oil assets underscores its strategic positioning to:
Just like the Chinese bamboo, since our inception in 2020, Subsaharan Atlantic Energy Ltd has invested significant human and material resources into the research and development of our products, services, and processes. These efforts are driven by our commitment to meeting the evolving needs of both current and prospective clients, while building a resilient and dynamic company capable of withstanding the test of time.
To be a leading provider of world-class oil & gas asset management solutions.
To safeguard oil & gas asset integrity and enhance production through innovative and cost-effective
business intelligence solutions.
We are dedicated to partnering with our clients to enhance their understanding of asset performance by integrating acquired data with deep technical insights…
Subsaharan Atlantic Energy Ltd is a foremost research and development company with core expertise in mathematical modelling, petroleum engineering, software development and oil & gas asset management consulting.
We are committed to partnering and assisting our clients to gain valuable understanding of their assets
through the integration of acquired data and in-depth technical insights.
