Company Background
An independent Oil & Gas company focused on the exploration and development of Eritrea’s hydrocarbon potential.
Nakfa, Eritrea
Our Strategy
Unleashing
Hydrocarbon
Horizons
Nakfa Energy is a pioneering exploration and production company committed to unlocking the immense untapped energy potential of Eritrea.
Powering
Eritrea’s Promise
We believe Eritrea to be one of the world’s last untapped basins showing multi-billion-barrel discovery potential. We seek to propel Eritrea into a brighter, sustainable future through the responsible development of its rich natural resources.
Commanding
Energy Frontier
Leadership
Nakfa is led by a management team with substantial geoscience, operational, financial, and regulatory experience.
Our Vision
Nakfa Energy’s vision is to be a full cycle oil exploration and production growth vehicle that integrates sustainability considerations throughout decision-making and operational management. We will work with our partners to support the transition to a less carbon-intensive business.
Our Values
- Our core values are at the cornerstone of our business and help to ensure that we embrace the highest standards in all we do.
- We strive for operational excellence, safeguarding the health and safety of people and protecting the environment.
- We act in a fair, honest and non-discriminatory way in all our business activities.
- We adopt the highest standards of professional integrity and comply with national and international laws and regulations.
- We promote a culture of open and honest dialogue with stakeholders.
Overview
There exists enough evidence of an effective and active
petroleum system in the Western Red Sea based on formations analyzed by Nakfa. It is a highly prospective frontier for exploration with multiple play types.
We believe significant upside potential exists for exploration in the Eritrean Red Sea. This is a unique opportunity for a company to gain direct and early exposure in a basin with high potential for oil and gas resources, yielding an unusually attractive risk-reward profile and thus offering exceptional growth
opportunities.
Our Core Commitments
Sustainability
We place huge value on ethical and environmental practices. We manage our business to protect the environment and preserve the earth’s natural resources, both for today and future generations.
Diversity
Innovation
Innovation is our lifeblood. We support and encourage research and
development in all our core sectors to ensure that today’s innovation is
tomorrow’s conventional solution. To that end we have developed a robust in-house template to ensure all activities embrace the latest technological and environmental advances.
Health and Safety
Modern Slavery, Human Trafficking and Child Labor
We are committed to eradicating cases of Modern Slavery, Human Trafficking and Child Labor as it is a crime and a violation of fundamental human rights. Nakfa sets out steps that are aimed at preventing acts of Modern Slavery, Human Trafficking and Child Labor from occurring in its business, operations and supply chain. We operate strict processes, ensuring all employees, contractors, partners and suppliers comply with all applicable laws and standards, including the Modern Slavery Act (2015) and the United Nations (U.N.) and Convention on the Rights of the Child (1989).
Gender Pay Gap
Sustainability Strategic Framework
Being a Trusted Partner, acting as a Responsible Steward of the
environment, and supporting Strong Communities; these three
pillars form the bedrock of the
Company’s approach to Sustainability management.
Governance
Trusted
Partners
Environment
Responsible
Steward
Social
Strong
Communities
