Rehoboth Energy, breaking the Oil Curse one community at a time.
About Us
Rehoboth Energy is a pioneering energy company with a mission to transform the Oil Curse afflicting African nations into an economic blessing. The term "Oil Curse" refers to the paradox that oil wealth, instead of boosting development, can trap oil-producing nations in a cycle of poverty and instability. Starting with Nigeria, we break the Oil Curse by:
Investing in and operating select under-developed oil and gas assets with high growth potential.
Utilizing our technical expertise and financial resources to optimize production.
Dedicating a minimum of 20% of profits to empower local communities through social and economic development initiatives.
Rehoboth: Profits Powering Progress
The Opportunity
Nigeria possesses one of the world's largest reserves of oil and gas. However, numerous field licenses are currently held by entities that lack the requisite capital and expertise necessary for optimal development. This presents an opportunity for Rehoboth to partner with these license holders through Financial and Technical Services Agreements (FTSAs), unlocking untapped value and driving progress.
Our Process
1) Asset Selection
Meticulously identify high-potential assets with attractive economics.
2) Turnkey Drilling Partnerships
Collaborate with established industry leaders like H-PTP Energy Services, a reputable Nigerian wells management company, to ensure efficient and cost-effective drilling and extraction operations, mitigating risk and maximizing returns.
3) Financial and Technical Services Agreements (FTSAs)
Structure FTSAs with license holders. These agreements allow us to take over the management and day-to-day operations of the assets for a set period of time. This gives us control to ensure we get our original investment back, along with a profit.
4) Community Investment
Allocate a minimum of 20% of profits towards initiatives that directly benefit communities, fostering social progress and reversing the detrimental effects of the Oil Curse.
Investment Highlights
Attractive Returns:
Projected payback period of a few years and a very attractive Internal Rate of Return on our FTSA-covered investments.
Sustainable Development:
Our community investment focus promotes poverty reduction, improved healthcare, education, infrastructure, and economic diversification, fostering a positive social impact alongside financial returns.
Impact Investing
Rehoboth goes beyond traditional resource extraction. Our commitment to social responsibility yields measurable benefits for stakeholders:
The 20% Seed
Invest a minimum of 20% of profits to empower communities through social and economic development initiatives. This translates to real change, such as new schools, improved healthcare, agricultural revitalization, and infrastructure projects.
Community Development
Invest in initiatives aligned with the United Nations Sustainable Development Goals (SDGs) to empower communities and create a lasting positive impact.
Host Country Growth
Our focus on agricultural revitalization and infrastructure development strengthens the agricultural sector and contributes to broader national prosperity.
Experienced Team
Rehoboth consists of a seasoned team with proven expertise in African oil and gas operations and community development.
Ikhaz Musa
Ikhaz Musa, is a seasoned management consultant with 25+ years of experience across Africa and the United States. He is also the founder and CEO of DynaCross Inc, a Virginia-based management consulting firm.
Prior to DynaCross, Ikhaz held positions at Accenture, Morgan Stanley, and Citibank. During the course of his career, he has delivered exceptional solutions to clients in the private sector (oil & gas, pharma, tech, consumer goods, telecom) and public sector (city, state, federal governments).
Ikhaz holds a B.Sc. in Accounting from the University of Lagos Nigeria and is an Associate of the Institute of Chartered Accountants of Nigeria.
FOUNDER & CEO
Akinola Ogundare
Akinola Ogundare is a highly experienced professional with over 25 years in the Oil and Gas industry, specializing in Drilling Engineering. He has worked with major international oil companies such as BP and Shell, gaining expertise across Africa, Europe, and the Americas.
Akinola possesses strong leadership, organizational, and commercial skills developed through his global exposure. He has a track record of leading successful organizational changes, notably as the Regional Bly Report Implementation Manager following the BP Macondo incident.
Akinola holds a BSc. degree in Chemical Engineering from the University of Benin, Nigeria, and is a member of the Society of Petroleum Engineers.
ENGINEERING CONSULTANT
Frank Ndulue
Frank Ndulue is an Electrical/Electronics Engineering graduate with extensive experience spanning over 22 years in Well Engineering operations. He has developed strong technical and management skills in Directional Drilling/MWD/LWD through his work with various international and indigenous companies such as Shell, Exxon, Total, Addax, Chevron, and Seplat across West Africa. Frank's expertise includes drilling risk management, optimization, leadership, and commercial skills gained from his role as Businessline Manager with Schlumberger in the West Africa Business Unit. He specializes in Drilling Optimization, Services Management, and Technology Implementation in both local and international energy industries.
ENGINEERING CONSULTANT
Hope Okwa
Hope Okwa is a seasoned Drilling Engineer with over 27 years of experience in the oil and gas industry. His expertise lies in technical drilling engineering, cultivated through engagements with prominent international oil companies (IOCs), national oil companies (NOCs), and indigenous enterprises such as BP, Shell, BG, Saudi Aramco, Chevron, Addax, and First E&P.
Throughout his career, he has demonstrated exceptional proficiency in wells project planning and execution, consistently integrating value-adding technological solutions.
Hope holds a Bachelor of Science degree in Chemical Engineering from the University of Benin, Nigeria, and a Master of Science in Petroleum Engineering from Heriot Watt University, Edinburgh. He is a distinguished member of both the Society of Petroleum Engineers and the Association of Professional Engineers and Geoscientists of Alberta (APEGA).
ENGINEERING CONSULTANT
Break The Oil Curse
The opportunity to break the Oil Curse, one community at a time, is within reach with Rehoboth Energy. Our sustainable approach positions us as a pioneer for ethical resource extraction, empowering communities, driving sustainable progress, and benefiting all stakeholders.
Contact Us
1201 Wilson Boulevard, Arlington, VA 22209
Telephone: 571-538-2795
Email: info@rehobothenergy.com