Subsaharan Atlantic Energy Ltd
OilField Exploration & Production
Sub-Saharan
Atlantic Energy
About Us
Who We Are
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 providing innovative and cost-effective business intelligence solutions for E&P companies to enhance efficiency across the hydrocarbon value chain.
We also provide top-notch and fit-for-purpose engineering solutions to our clients with distinctive capabilities that guarantee asset value maximisation through efficient well, reservoir and facility management (WRFM).
Industry Participation
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.
Key Asset: Olure Field (PML-67)
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.
Joint Venture Structure
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)
- Established in 2021 as an independent oil and gas E&P company to develop and operate the Olure Field (PML-67).
- Equity ownership: 70% Multiplan Nigeria Ltd, 30% Subsaharan Atlantic Energy Ltd.
- Focused on upstream production, reservoir optimization, and sustainable hydrocarbon value creation.
This partnership highlights ASAEL’s role as a local upstream investor, reinforcing indigenous participation in Nigeria’s exploration and production activities.
Partnerships & Industry Context
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.
Strategic Focus
ASAEL’s equity participation in upstream oil assets underscores its strategic positioning to:
- Engage in exploration and production within Nigeria’s hydrocarbon sector.
- Partner with indigenous and private operators to develop marginal fields awarded under federal licensing rounds.
- Support local capacity building and value creation through joint ventures and SPVs such as MEL.
Equipped for Growth
A story is often told about the remarkable Chinese Bamboo. When you plant it, you must water, fertilize, and care for it diligently every single day—for four long years. During that time, there is no visible progress, no towering stalks, nothing to show for your effort compared to other plants that sprout quickly. But then, in the fifth year, something extraordinary happens. One morning, a small bamboo shoot breaks through the soil. The next day, it’s taller. Soon, it’s growing at an astonishing pace—nearly a meter each day. Within just five weeks, it can reach heights of up to 90 feet (27 meters).
- From the very beginning, the DNA of the Chinese Bamboo carried the blueprint for greatness; it simply needed time, patience, and persistence to reveal it.
- 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.
The result has been our fast-track attainment of industry Leadership in the oil & Gas technology Solutions Sector.
Corporate Philosophy
Our Vision, Our Mission, Our Commitment, Our Clients, Values and more
Corporate Governance
Governance principles, the board’s role, corporate governance framework, responsibilities of the board & organisational structure
Corporate Social ReSponSibility
Our Corporate Social Responsibility initiative is structured to promote and support research & development and advances in petroleum engineering…
Risk Management
Subsaharan Atlantic Energy Ltd is exposed to everal risks as with every business. eg technology leadership, cybersecurity risks & threats, operational risk, legal risk, product completion risk, intellectual property risk