Independent Upstream Oil & Gas

Unlocking Africa's
Offshore Potential

Magnus Energy is a Delaware-incorporated independent exploration and production company focused on building high-value positions in Africa's most prolific offshore basins, targeting strategic joint ventures with the world's leading oil majors.

Our Strategy Explore Operations
4
Target Countries
8+
Major JV Partners
3
Global Offices
Angola Offshore Blocks — Active Negotiations with ANPG ◆ Joint Ventures: Saudi Aramco · ADNOC · TotalEnergies · BP · ENI · Chevron · ExxonMobil · GALP ◆ Incorporated in Delaware, USA · London Branch · UAE Branch ◆ Target Basins: Angola · Mozambique · Namibia · Gabon ◆ Angola Offshore Blocks — Active Negotiations with ANPG ◆ Joint Ventures: Saudi Aramco · ADNOC · TotalEnergies · BP · ENI · Chevron · ExxonMobil · GALP ◆ Incorporated in Delaware, USA · London Branch · UAE Branch ◆ Target Basins: Angola · Mozambique · Namibia · Gabon ◆
Offshore oil platform operations
Est. Delaware, USA
Who We Are

A New Force in African Offshore Energy

Magnus Energy is a purpose-built independent oil and gas company incorporated in the State of Delaware, United States, with its principal operational hub in London, United Kingdom, and a branch office in the United Arab Emirates. The company was founded to identify, acquire, and develop high-quality upstream oil and gas assets across Africa's prolific offshore basins.

Our model is built on partnership. Magnus Energy's strategy is to form carefully structured joint ventures with the world's leading international oil companies — including Saudi Aramco, ADNOC, TotalEnergies, BP, ENI, Chevron, ExxonMobil, and GALP — as target partners. The Company is in active dialogue with a number of these organisations to establish formal arrangements.

We are currently engaged in active negotiations with the Angolan National Petroleum and Gas Agency (ANPG) and the Government of Angola for the award of multiple offshore blocks. Our portfolio strategy also targets emerging basins in Mozambique, Namibia, and Gabon.

Delaware
US Incorporation
London
Principal Office
UAE
Branch Office
4
African Target Nations
Our Approach

Value Creation Through Strategic Partnership

Magnus Energy's business model is designed to unlock significant value in underexplored offshore territories by leveraging the technical expertise, capital, and operational know-how of the world's preeminent oil majors.

01

Block Identification & Acquisition

Magnus Energy targets offshore concession blocks in high-potential jurisdictions across Sub-Saharan Africa. Our geoscience and business development teams evaluate prospectivity, fiscal terms, and operational risk to build a focused, high-quality portfolio. We engage directly with national petroleum agencies to secure entry into strategically located blocks ahead of market competition.

02

Joint Venture Formation

Once a block opportunity is identified, Magnus Energy structures joint venture agreements with major international oil companies. These partnerships bring world-class technical capabilities, development finance, and established government relationships. By co-investing alongside Aramco, ADNOC, TotalEnergies, BP, ENI, Chevron, ExxonMobil, and GALP, we de-risk exploration while maintaining meaningful equity participation across the portfolio.

03

Value Realisation

Magnus Energy creates shareholder value through exploration success, appraisal and development of discovered resources, and strategic asset monetisation. As blocks progress through the exploration to production cycle, the company targets growing net asset value through disciplined portfolio management, production growth, and selective divestment of mature assets at optimal valuations.

Portfolio

African Offshore Operations

Magnus Energy's operational footprint spans four of Africa's most promising offshore hydrocarbon provinces, from the proven pre-salt fairways of Angola to the emerging frontiers of Namibia.

Africa offshore operations map
Active Negotiations
Under Evaluation
Future Target
Angola Active Negotiations

Magnus Energy is currently engaged in advanced negotiations with the Angolan National Petroleum and Gas Agency (ANPG) and the Government of the Republic of Angola for the award of offshore exploration blocks. Angola is Africa's second-largest oil producer, with its deep-water and ultra-deep-water acreage sitting within the prolific South Atlantic pre-salt basin. The country's recent licensing rounds have attracted significant interest from global majors, and Magnus Energy is positioned to secure entry through its ongoing government engagement and joint venture partnerships with established operators active in the country.

Mozambique Under Evaluation

Mozambique represents one of the most significant hydrocarbon discoveries of the past two decades, with the Rovuma Basin hosting world-class natural gas reserves estimated in excess of 100 trillion cubic feet. Magnus Energy is evaluating offshore block opportunities in the region, with a particular focus on acreage where partnership with major LNG operators and gas developers could accelerate monetisation timelines. The country's strategic position as a future LNG export hub makes it a compelling component of Magnus Energy's long-term portfolio.

Namibia Under Evaluation

Namibia has rapidly emerged as one of Africa's most exciting new oil frontiers following a series of major offshore discoveries in the Orange Basin, including the supergiant Venus discovery by TotalEnergies which is estimated to hold over 3 billion barrels of light oil in place. These discoveries have fundamentally transformed the assessment of Namibia's offshore prospectivity. Magnus Energy is actively evaluating entry opportunities into Namibian offshore blocks, where the company believes further material discoveries remain to be made in under-explored portions of the basin alongside leading majors already active in country.

Gabon Future Target

Gabon has been a producing oil nation for over sixty years, with its offshore and onshore basins having delivered sustained production over multiple decades. While Gabon's onshore legacy fields are maturing, its offshore acreage — particularly in deeper water settings — retains material exploration upside. Magnus Energy identifies Gabon as a complementary portfolio addition, offering the potential to acquire proved and probable reserves in a politically stable and commercially attractive environment, with well-established petroleum fiscal and legal frameworks and a constructive stance toward independent companies.

Priority Focus

Angola: Gateway to Pre-Salt Value

Current status: ANPG Negotiations

ANPG Engagement: Magnus Energy is in active discussions with the Angolan National Petroleum and Gas Agency (ANPG) for the allocation of offshore exploration blocks, supported by a comprehensive technical and commercial package demonstrating the company's capacity to develop these assets.

Government Relations: The company maintains direct engagement with senior officials of the Government of Angola, reinforcing Magnus Energy's commitment to being a long-term, responsible investor in Angola's energy sector with a strong local content agenda.

JV Framework: All Angolan blocks are being pursued under a joint venture framework with major international oil company partners, ensuring that each licence acquisition is backed by world-class technical, operational, and financial capabilities from day one.

Pre-Salt Prospectivity: Angola's offshore blocks sit within one of the world's most prolific hydrocarbon systems. The pre-salt plays of the Lower Congo and Kwanza Basins have already delivered billions of barrels of recoverable reserves and are believed to hold significant further upside.

Offshore Expertise

Deep-Water Operations Demand World-Class Partners

Every block Magnus Energy pursues is structured to leverage the technical capabilities of the world's leading operators — ensuring exploration programmes and development plans meet the highest standards of safety, efficiency, and environmental responsibility.

Targeting the World's Most Powerful Oil Majors

Magnus Energy's joint venture strategy targets an elite group of international oil companies that collectively operate more than half of the world's offshore production. The Company seeks to establish formal partnerships that would provide access to proprietary technology, established government channels, and the financial strength to advance projects from exploration through to development.

Magnus Energy's target partner network spans Gulf state national oil companies — including Saudi Aramco and ADNOC — and the leading international majors operating across Africa. The Company is in active dialogue with a number of these organisations with a view to establishing formal joint venture arrangements on its target blocks.

SA
Saudi Aramco
Saudi Arabia · Global
AD
ADNOC
United Arab Emirates
TE
TotalEnergies
France · Africa
BP
BP plc
United Kingdom · Global
ENI
ENI S.p.A.
Italy · Africa
CVX
Chevron
United States · Global
XOM
ExxonMobil
United States · Global
GL
GALP
Portugal · Africa
The companies named above are Magnus Energy's target joint venture partners. References herein do not imply the existence of any concluded agreement, binding commitment, or formal partnership with any of the named entities. Magnus Energy is in active dialogue with a number of these organisations. Any definitive agreements, when concluded, will be announced in due course.
Offshore FPSO vessel
Deep-Water Drilling

State-of-the-art offshore exploration in African basins

FLNG offshore infrastructure
Infrastructure & Development

From exploration success to long-term production growth

ESG & Governance

Responsible Energy Development

Magnus Energy recognises that sustainable value creation in the oil and gas sector demands the highest standards of environmental stewardship, social responsibility, and corporate governance.

Offshore platforms
E

Environmental Responsibility

All exploration and production activities conducted through Magnus Energy's joint ventures adhere to the highest international environmental standards. We require our operating partners to implement best-in-class environmental management systems and pursue continuous reduction in emissions intensity across all operated assets.

S

Social Value & Local Content

Magnus Energy is committed to delivering tangible social and economic value in the countries where it operates. This includes robust local content programmes, workforce development, and community investment initiatives that extend the benefits of resource development to host communities and national economies.

G

Corporate Governance

Incorporated under Delaware law with governance structures aligned to international best practices, Magnus Energy operates with full transparency in its financial reporting, contractual relationships, and government dealings. The company maintains strict anti-corruption and compliance programmes consistent with FCPA and UK Bribery Act requirements.

C

Compliance & Legal Integrity

Magnus Energy's legal and compliance framework is designed to meet the standards required by both US and UK regulatory regimes. All negotiations with governments and national oil companies are conducted transparently and in full compliance with applicable anti-bribery, anti-money laundering, and sanctions regulations.

Global Presence

Our Offices

Magnus Energy operates across three jurisdictions, providing strategic access to capital markets, energy industry networks, and target country governments.

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United States

Registered Headquarters

Magnus Energy LLC is incorporated in the State of Delaware — one of the world's most respected corporate domiciles, offering robust legal structures favoured by international investors and institutional partners. Delaware incorporation provides Magnus Energy with the legal framework and credibility required to operate as a global energy company, attract institutional capital, and structure complex joint venture arrangements with the world's leading oil majors.

Jurisdiction State of Delaware, USA
Entity Type Limited Liability Company (LLC)
Role Corporate Holding & Legal Domicile
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London

Principal Operations

Magnus Energy's London office serves as the company's principal place of business and operational headquarters. Located at the heart of the global energy industry, London provides unrivalled access to international oil company decision-makers, energy-focused capital markets, legal and financial advisers, and specialist consultants. The London team leads all business development, government affairs, joint venture negotiations, and investor relations activities across the company's African portfolio.

City London, United Kingdom
Role Principal Operations & Business Development
Focus JV Negotiations · Investor Relations · Government Affairs
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UAE

UAE Branch Office

Magnus Energy's UAE office is a fully established branch of the company, operating alongside the London headquarters as a core pillar of the group's international presence. Located in the United Arab Emirates — the world's premier hub for energy industry activity in the Gulf region — the Dubai office anchors Magnus Energy's relationships with Gulf-based national oil companies, including Saudi Aramco and ADNOC, and provides direct access to the substantial pool of Middle Eastern capital, expertise, and government networks being directed into African upstream assets. The UAE branch also coordinates with regional sovereign wealth funds and energy investors exploring opportunities in African hydrocarbons as part of broader portfolio diversification and energy transition strategies.

Location United Arab Emirates
Status Fully Established Branch
Purpose Gulf NOC Relations · Middle East Capital · Regional Strategy
Get in Touch

Let's Build the Future Together

Whether you represent a potential joint venture partner, an institutional investor, a national petroleum agency, or a specialist service provider, Magnus Energy welcomes substantive dialogue with aligned counterparties.

London — Principal Office

United Kingdom
Business Development & Operations

Delaware — Registered Headquarters

United States of America
Corporate & Legal Domicile

UAE — Branch Office

United Arab Emirates
Gulf & NOC Relations · Regional Strategy

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