Delonex Energy Gets Investment for Africa Exploration

Central and East Africa focused Delonex Energy announced Monday that an affiliate of Warburg Pincus has agreed to lead an investment of up to $600 million in the company.

Delonex’s key strategic areas include the East African Continental Rift System, which extends from the Red Sea through Ethiopia, Kenya, Uganda, Tanzania to Mozambique; the Central African Rift System from Chad to South Sudan, and the coastal margins of East Africa.

The company plans on accessing opportunities in these areas through farm-in and direct awards from host governments.

Rahul Dhir, CEO, commented, “I am excited to be launching an African E&P company with backing from Warburg Pincus. There is significant, underexplored resource potential in Central and East Africa.”