former Tullow boss forms new African upstream venture with Carlyle

摘要

London-The former CEO and founder of the UK’s Tullow Oil has partnered with the private equity giant Carlyle Group to target oil and gas assets in sub-Saharan Africa in acquisitions of up to $1 billion in value. Led by Tullow’s former CEO Aidan Heavey and the Africa-focused explorer’s former CFO Tom Hickey, Boru Energy’s goal will be to acquire a portfolio of mostly non-operated stakes in producing oil and gas assets, Carlyle said in a statement.