Company profile
An independent E&P focused on offshore West Africa.
CAP Energy Plc was incorporated in the United Kingdom in 2005. The company’s upstream business focuses on operated offshore exploration in Senegal and Guinea-Bissau.
CAP runs a lean corporate team supported by experienced geoscience, reservoir, drilling and offshore specialists. The portfolio is concentrated in Senegal and Guinea-Bissau, allowing the team to stay closely involved in the technical work on all three licences.
Strategy
Our upstream strategy is to target conventional hydrocarbons in frontier regions, using extensive geological and geophysical screening to identify high-potential opportunities. We seek to maintain operatorship and lead the technical work programme to unlock significant commercial resources and advance discoveries through the exploration and appraisal cycle towards development and commercial production.
Choose acreage carefully
CAP entered the MSGBC Basin in 2013 following regional geoscience work. Its initial interest in the Djiffere licence holder followed in February 2014, ahead of Senegal’s major offshore oil discoveries later that year.
Stay operator
CAP operates each licence and holds a majority interest in all three. That keeps technical priorities and work programmes in CAP's hands.
Do the work before the well
Seismic interpretation and independent technical review guide prospect evaluation and preparation for exploration drilling.
Board & Management
Lina Haidar
Lina Haidar led CAP Energy's recapitalisation and restructuring in 2012 and the move into the MSGBC Basin. Her business background spans oil and gas, logistics, telecoms and real estate across West Africa, the Middle East and Europe. She holds an MBA from the International University of Monaco.
Ewen Ainsworth
Ewen Ainsworth is a Chartered Accountant with more than 30 years of finance experience in the UK-listed natural-resources sector, including roles at Nostra Terra Oil and Gas, San Leon Energy and Gulf Keystone Petroleum.
Guy Hustinx
Guy Hustinx spent 31 years with Frank's International, working on major exploration and development projects in the oilfield-services sector. He also served on the company's New Technology and Intellectual Property Committees.
Alexander Haly
Alexander is CEO of Petro Services Ltd since 2006, which provides and manages offshore support vessels to the oil and gas industry. Petro operates predominantly throughout the West African coast where it is present in several countries. With his knowledge of the West African oil industry Alexander is well positioned to supervise CAP Energy's assets and programmes in the region.
Chanelle George
Chanelle has over 15 years of experience in Investor Relations, specialising in the upstream oil and gas sector, with extensive experience across Africa, particularly West Africa. She has held Investor Relations roles at publicly listed companies including ArcelorMittal S.A., Heritage Oil Plc and Technip Energies S.A, where she developed deep expertise in investor engagement and strategic corporate communications. She holds an MSc in Energy Management from IFP School, Paris, and BI Norwegian Business School, Oslo.
Governance
Corporate structure
CAP Energy Plc is a public limited company incorporated in England and Wales on 3 February 2005. Its registered company number is 05351398.
Responsible conduct
CAP’s corporate presentation sets out its commitment to health, safety, environment and security, and to anti-bribery and corruption policies. Working relationships with licence participants and local communities form part of its operating approach.
History
- 2005
CAP Energy Plc incorporated in the United Kingdom, headquartered in London.
- 2012
Company recapitalised and restructured under Lina Haidar’s leadership.
- 2013
CAP enters the MSGBC Basin and acquires interests in the Block 1 (Corvina) and Block 5B (Becuda) licences, offshore Guinea-Bissau.
- 2014
Sencap, a CAP subsidiary, acquires 49% of the Djiffere licence holder in February. A 3,750 km 2D seismic survey is acquired and processed that year. In November that year, the groundbreaking SNE field is discovered in the adjacent Sangomar block, offshore Senegal.
- 2015
380 km² of 3D acquired over the western part of the Djiffere block.
- 2015
Company delists from the ISDX Growth Market.
- 2018
CAP acquires the remaining 51% of the Djiffere licence, becoming operator and increasing its total participating interest in the block to 90%.
- 2020
CAP acquires the majority interests in Block 1 (Corvina) and Block 5B (Becuda) licences and becomes operator of both licences.