Amplus VGE, a joint venture between UK-headquartered Amplus Energy and Nigeria-based Versatile Group (VG Energy), along with support from Norway’s Carbon Circle, is bringing together innovative solutions to unlock lucrative marginal fields in West Africa.
Combining the international companies’ expertise in oil field development and production, the Amplus VGE partnership is working together to unlock the full potential of West Africa through reliable, transparent field development solutions as well as extensive local engagement and stakeholder collaboration.
With the addition of Norway-based Carbon Circle and its class-leading carbon capture technology, Amplus VGE can deliver highly efficient, full-service solutions to support owners of undeveloped oil and gas fields through the entire cycle of unlocking their valuable reserves – from production to carbon capture.
Steve Gardyne, Amplus’ Managing Director, said: 'Amplus has been very interested to bring our approach and solutions to the West African region for some time, and establishing this joint venture is a key step for us. It allows us to work with like-minded partners, bringing a fresh impetus and options for developers and field owners in the region.'
Neil Thompson, Amplus’ Vice President – Sales & Marketing, said: 'I am extremely pleased to announce this ambitious joint venture between Amplus and VG Energy to deliver innovative oil and gas production solutions for West Africa.
'Our goal is to become the industry leader in this region – leveraging our experience and the expertise of a strong team to disrupt the market with a wide range of flexible and innovative solutions designed to overcome production challenges without losing productivity.
'This joint venture is made possible thanks to the support and assistance of VG Energy. Their regional connections and business expertise are integral in helping to navigate local licensing, along with recruiting skilled local employees. We are thankful for their partnership and look forward to working together to unlock the full resource potential of the region.'
Amplus VGE is making long-term investment in the region that includes the recent opening of a new Nigerian office in Abuja and plans to create more local employment opportunities, as well as essential skills training and development. The group has also launched a new website at https://www.amplusvg-energy.com.
Engr. Dr. Mohammed Baba Shehu, Chairman/CEO of VG Energy said: 'We are pleased to join with Amplus Energy on this exciting new venture that we expect will have a positive and lasting impact on the region. As a business leader in the region, VG Energy has been able to provide crucial guidance, support, and a local perspective to help kickstart the project. This area of West Africa is rich in resources and, while some are difficult to reach, the Amplus VGE approach to innovative ideas and outside-the-box solutions is creating ways to extract those resources so regional field owners and operators can prosper.'
Amplus made large investments recently in Carbon Circle to support the growth of the emerging carbon capture industry and enhance Amplus field development and floating production, storage, and offloading (FPSO) operations.
Carbon Circle are currently supporting a West African FPSO project which will integrate a Carbon Circle Post-Combustion Carbon Capture pilot plant offshore.
Aslak Hjelde, CEO of Carbon Circle said: 'Partnering with Amplus VGE provides an opportunity to expand on Carbon Circle’s FPSO work in West Africa. We are proud to support Amplus VGE in its plans to work with regional operators by delivering the top-quality carbon capture and energy transition solutions Carbon Circle is known for.'
About Amplus Energy
Since being formed in 2008, Amplus Energy has consistently developed new, more agile ways to discover and deliver smarter methods of global field development in the oil and gas industry, using a range of floating solutions.
Headquartered in Aberdeen, the company has a highly experienced and connected core team with expertise in management, safety, operations, technology and investment, and has established itself as a pivotal partner in creating specialised and viable asset development strategy, from concept to completion. https://amplus-energy.com/
About VG Energy
VG’s overarching objective is to establish itself as a highly proficient and entrepreneurial entity that possesses comprehensive delivery capabilities throughout the complete value chain of upstream oil and gas, renewable energy, and CCUS. Furthermore, our organisation is driven by a distinct strategic objective: to serve as a catalyst for the industrialization of the Nigerian energy and its associated sectors; to facilitate the growth and utilisation of domestic capabilities for the industrialization of Nigeria; and to achieve this by ensuring the efficient enforcement of the Nigerian Content Act. https://energy-vg.com
Source: Amplus Energy
