Our strategy is to be a major part of the world's energy solution by developing our core asset areas – oil, gas, and electrical power – as a strategically balanced and complementary portfolio of opportunities. This diversity enables us to meet demand and deliver value through changing commodity cycles and unpredictable national and world events.
Global demand for hydrocarbons is expected to continue to grow as developing countries in Africa, South America and Asia transform their economies, yet the era of low-tech, easy access to conventional oil is drawing to a close. This means we must continuously improve how we produce, daring to look where others have failed to look and taking risks that have never before been taken – using existing energy resources, including those that Aiteo is pursuing, in new ways.
This will require passion for the continent as a whole, exceptional financial capabilities, technical expertise, and the capacity to meet high social and environmental expectations
The core principles of Aiteo's business strategy are:
In the matter of upstream energy extraction, we are focused on developing high-risk, high-potential oil and gas basins using innovative high-tech methods. We see huge potential in the upstream sector, with oil and gas reserves just waiting to be discovered by innovative companies such as ours.
In the matter of downstream production and supply, we are increasing refining capabilities infrastructure to transform raw materials into usable energy for end-users. We will exploit robust West African and international export opportunities. We are also strengthening our trucking fleet to distribute our products and are planning to build a retail network of gas stations.
In the matter of electrical supply, our strategy is to use gas and oil and coal to generate electricity and market it to Nigeria and other West African countries, helping to bring power to an estimated 7.6 million people in the years ahead -- expanding our market share and increasing revenues.
In the matter of responsibility, our strategy is to be a good environmental steward and contribute to African quality of life.
In the matter of market demand, all our strategies culminate in one purpose – meeting massive growing demand!