Afentra plc is a United Kingdom-based upstream oil and gas company focused on acquiring, operating, and developing production and near-field development assets primarily in Africa, with a core portfolio located in Angola. The company's main products and services include exploration, production, and development of oil and gas assets; it holds significant non-operated interests in offshore Blocks 3/05 and 3/05A in the Lower Congo Basin, Angola, as well as interests in onshore Angola in Block KON 19. Afentra aims to support the energy transition in Africa by positioning itself as a credible partner for divestments from international oil companies and host governments, focusing on building a diversified portfolio of producing fields, near-field developments, and exploration assets with significant upside potential.
Founded in 1983 and headquartered in London, Afentra plc changed its name from Sterling Energy plc in May 2021 to reflect its renewed strategy centered on Africa. Recent major changes include several highly accretive acquisitions completed between 2022 and 2024, such as the acquisition of interests from Sonangol, INA, Azule Energy, and an agreement signed in 2025 to acquire additional working interests from Etu Energias in Blocks 3/05 and 3/05A. The company launched a three-year redevelopment plan in 2024, investing approximately $150 million gross in production optimization and life extension to enhance asset performance. Afentra completed its first crude oil lifting in 2023 and continues to execute a strategy of sustained redevelopment, offshore infrastructure enhancements, and operational activities including around 50 well interventions planned for 2025.
Afentra focuses its operations mainly in Angola while exploring opportunities across the African continent. The company's business segments cover upstream oil and gas including exploration, development, production, and asset management. Its customer base primarily comprises oil and gas stakeholders seeking value-accretive partnerships. Afentra's strategic efforts are complemented by commitments to reducing carbon footprint and supporting a just and sustainable energy transition in the region.
Overall, Afentra plc offers a comprehensive portfolio of upstream oil and gas assets, progressive redevelopment and production optimization programs, and strategic acquisitions aimed at growth and value creation across African energy markets, with ongoing focus on Angola offshore and onshore assets and expanding operational readiness. The company remains active in securing additional interests and expanding its footprint within key African hydrocarbon basins.