Financial Insight: Anastasia Deulina, Afentra's CFO Discusses Company Affairs

In the late 90s, a significant shift occurred in the oil and gas industry when prices dropped to $10 a barrel. This event led to consolidation and a focus on Houston, but it also paved the way for new opportunities. One such opportunity arose with the formation of Afentra, a UK-listed oil and gas company with a focus on revitalising mature oil fields in West Africa.

At the helm of Afentra since its inception in 2021 is Anastasia Deulina, who brings a unique blend of technical, economic, engineering, and business expertise to the table. Deulina's impressive 28-year career in the oil and gas sector has seen her rise through the ranks, and she now serves as the company's Chief Financial Officer (CFO).

Deulina's journey with Afentra began when she and her co-founders, who hail from Tullow Oil, decided to embark on a mission to make a positive impact in West Africa. Angola, with its deep traditions in oil and gas, is a key focus for Afentra's mission. The company's business is rooted in Angola, reflecting its deep focus on serving the people and government of that country.

The challenges in the oil and gas industry remain, with volatility continuing to be a factor. However, Deulina is confident that Afentra's rigorous hedging strategy, coupled with a commitment to capital discipline, will ensure financial stability.

The most challenging period for Deulina as CFO was the initial period of uncertainty regarding financing and asset acquisition. But she rose to the occasion, transitioning into responsibilities beyond her previous experience, including fundraising and audit processes.

Deulina is acutely aware of the potential risks that lie ahead, having stated that global risk has increased significantly. She sees potential risks emerging over the next couple of years, but she remains optimistic, acknowledging that no one knows exactly what will happen in the future. The world will continue to need oil and gas, and Afentra is well-positioned to meet that demand.

Africa is seen as a logical focus due to the need for a robust and sustainable oil and gas industry to support its population and economic development. Afentra's mission extends beyond creating value for shareholders and supporting employees, focusing instead on serving the people and government of Angola.

Deulina emphasises the importance of understanding the perspective of people living in Africa, as it provides a different lens to view the world. This perspective is instrumental in Afentra's approach to doing business, ensuring that they are not just extracting resources, but also contributing positively to the communities they operate in.

Looking ahead, Afentra is targeting Senegal as its next expansion region in West Africa. The company's commitment to revitalising mature oil fields and its focus on sustainability make it an attractive partner for governments and communities alike.

In conclusion, under the leadership of Anastasia Deulina, Afentra is poised to make a significant impact in the oil and gas industry in West Africa. With a focus on Angola and a commitment to sustainability and community development, Afentra is not just a company, but a partner in the region's economic growth and development.