International firms are forming partnerships in what appears strategy to tap into opportunities rendered by Africa’s budding oil sector.
Endeavor Management, a Houston based international oil and gas management consulting and business advisory firm today Monday announced a “strategic alliance” with Centurion Law Firm, legal and business advisory group with offices in several African countries.
Through this Strategic Alliance, Endeavor and Centurion said they would bring expert advisory services to Governments, National Oil Companies and other African-based Companies to provide project evaluation, operational expertise, technical, commercial, and legal services.
“The Strategic Alliance between our two organizations allows us to expand our expert advisory services and build upon our existing working relationships in Africa to support the oil and gas industry,” says Bruce Crager, Executive Vice President of Endeavor Management.
The continent’s oil sector has experienced deep-reaching changes, ranging from a drop in exploration budgets, the disappearance or sale of weakened companies, the reorganization or pullback of the traditional oil majors, the establishment of new companies and the arrival of state-owned companies.
PwC recently reported the outlook for Africa’s oil & gas industry remained positive amid difficult operating and economic headwinds.
Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient.
Companies have adopted to a low-cost environment, which promises to be even more beneficial given the current recovering oil price
NJ Ayuk, CEO of Centurion Group said working with one of the Oil and Gas Industries most experience firm “only adds value to our work and many clients in Africa.”
He added: “With our Pro African strategy Endeavour will help many African Oil companies and National Oil Companies in maximizing their value alongside Centurion. Endeavour represents American Ingenuity at its best and it is going to work for Africa.”