Nakfa Energy

NAKFA

Powering Eritrea’s Future with Purpose

Heritage. Energy. Growth.

Company Background

An independent Oil & Gas company focused on the exploration and development of Eritrea’s hydrocarbon potential.

Nakfa, Eritrea

Nakfa, a historic town in Eritrea and the capital of the Sahel province, stands as a powerful symbol of resilience and national pride. It holds deep significance for Eritreans as the stronghold where freedom fighters secured their first major victory in the War of Independence. More than a town, Nakfa embodies the unwavering spirit of Eritrea. Nakfa is also the official currency of 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

Our view is that the Red Sea deep water offers the potential for very large-scale, high-quality reservoirs.

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

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

The company is founded on the value of respect for everyone as individuals, irrespective of their backgrounds. Nakfa promotes fair and equal employment rights regardless of race, religion, age or sex.

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

Protecting the health and safety of our employees, our contractors, our clients and the communities in which we operate is of paramount importance to us.

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

We comply with the latest regulations and guidance aimed at mitigating 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

PARTNER WITH
NAKFA ENERGY

If you would like to learn more about partnering with Nakfa Energy, please visit the

Scroll to Top