Gabon Oil Company (GOC) has signed a six-month exclusive agreement with Premier Invest on the financing of GOC’s acquisition of Assala Energy’s oil production assets.
Gabon Oil Company (GOC) has signed a six-month exclusive agreement with Premier Invest on the financing of GOC’s acquisition of the Gabonese assets of U.S. private equity firm Carlyle – the owner of Gabon-focused oil and gas company, Assala Energy.
In February 2024, GOC announced its acquisition of Assala’s oil production assets, which include seven onshore production licenses, a pipeline network and the Gamba export terminal. The acquisition supports the NOC’s efforts to enhance Gabon’s position as a competitive oil and gas market and reflects its broader industry revitalization strategy.
GOC has recruited boutique investment banking firm Premier Invest – whose Managing Partner is Rene Awambeng – former Director and Global Head of Client Relations, Corporate and Global Banking of the African Export-Import Bank. Awambengis recognized as a leading African expert in banking, trade and financial services, with a successful senior management career in corporate and investment banking across Africa, Europe and the Middle East.
Premier Invest is acting as a financial advisor and is currently working with global law firm White & Case and Canadian law firm Fasken on the transaction. The scope of work is to raise $1.2 billion as a crude prepayment facility backed by 40,000 barrels per day over the next five years to support the acquisition of Assala Energy, as well as some priority infrastructure-related projects in Gabon.
