Boru Energy’s investment goal is to assemble a portfolio of primarily non-operated interests in oil & gas production assets. The portfolio will be spread across several Sub-Saharan Africa countries where our team have experience end relationships and will consist of assets with significant commercialisation potential and where the operator is a high quality national, international or independent oil and gas company.
Funding for investments will come from Carlyle International Energy Partners, L.P. (CIEP), a fund that focuses on oil and gas exploration & production, midstream, and refining and marketing in Europe, Africa, Latin America and Asia. CIEP first invested in Africa in 2017, when Carlyle-backed Assala Energy acquired Shell’s onshore assets in Gabon. Boru Energy will benefit from the strong experience and industry expertise Carlyle has in this region and globally.