CEO of Afentra Paul McDade
Ex-Tullow CEO sees fresh African opportunities
Paul McDade sees big opportunities among stranded assets in West Africa for his new company
Former Tullow Oil CEO Paul McDade recently led a buyout of management and significant shareholders at UK upstream independent Sterling Energy, which has since been renamed Afentra. McDade spoke to Petroleum Economist about the relaunched company’s priorities, its African ambitions and the takeaways from his time as Tullow CEO. Afentra—short for African Energy Transition—will employ an acquire and build model focused on producing assets and discovered resources rather than greenfield developments, he explains. The firm will look at asset quality and potential, for instance whether a field’s productive life could be extended in a cost-effective manner, and is “agnostic” about whether particula
Also in this section
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
