Assala Energy acquires Total Gabon’s remaining stake in the Rabi-Kounga Block

31 Jul. 2018

Assala Energy today announced the acquisition of Total Gabon’s remaining equity in the Rabi-Kounga Block, located in southern Gabon. Assala Energy has operated the Rabi-Kounga Block since November 2017, following its acquisition of Shell’s onshore assets in Gabon. This transaction is subject to customary regulatory approvals and is expected to close in Q4 2018.

David ROUX, Chief Executive Officer of Assala Energy said: “Today’s announcement confirms Assala’s stated strategy to invest in mid-life and mature assets to increase production and extend field life cycles. This investment also underscores our commitment to Gabon and to further growth in the region.”

Assala Energy is owned by global alternative asset manager The Carlyle Group (CG: NASDAQ). With headquarters in London, Assala Energy was created by Carlyle as an oil and gas exploration and production (E&P) platform to focus on energy opportunities in Africa. The company’s management team has significant experience in E&P both in Gabon and Africa.

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