Financial Insights: Anastasia Deulina at Afentra

Afentra: Navigating the Volatile Oil and Gas Sector in West Africa

In the dynamic world of oil and gas, one UK-listed company, Afentra, stands out for its focus on revitalizing mature oil fields in West Africa. Founded by industry veterans, including Anastasia Deulina, Afentra is making strides towards a robust and sustainable oil and gas industry that Africa desperately needs to support its population and economic development.

Capital discipline is critical in this sector, and Afentra embodies this principle. The company's approach to risk management is prudent, with a consistent strategy for hedging to manage price risk and ensure financial stability. As CFO, Deulina has taken on responsibilities beyond her previous experience, including fundraising and audit processes.

The oil and gas industry has always been volatile, subject to different dynamics, players, and geopolitical forces. Unpredictability is a common characteristic, and no one can predict the future with certainty. However, the current global landscape is heavily influenced by decisions coming from the US, particularly those of the Trump administration. Despite these challenges, Afentra remains committed to its mission, which extends beyond creating value for shareholders or supporting employees; it is deeply focused on serving the people and government of Angola.

Angola, with its deep tradition in the oil and gas industry, will continue to be a focus, regardless of international conflicts. The country's need for oil and gas is particularly relevant for population and economic development. Afentra's operations in Angola are a testament to this, as the company's mission goes beyond extracting resources; it is about contributing to the nation's growth and development.

The road to success for Afentra has not been without challenges. The most challenging period was the period immediately following its founding, due to uncertainty about financing and asset acquisition. However, the company has weathered these storms and is now making significant strides in the industry.

Afentra's main competitors in West Africa focusing on revitalizing mature oil fields include Tullow Oil, Eni, TotalEnergies, and Woodside Petroleum. Deulina's perspective is different from those living in major oil industry hubs due to her experience on the ground in Africa. This grounded approach, combined with her background in economics, engineering, and business, has served her well in navigating the industry's challenges.

Looking ahead, Deulina sees increased global risk emerging over the next couple of years, but did not specify the main risks. However, Afentra's focus on risk management and capital discipline puts it in a strong position to weather these storms. The world will continue to need oil and gas, and this need is particularly relevant in Africa for population and economic development. With its commitment to sustainable practices and local communities, Afentra is well-positioned to play a significant role in meeting this need.