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Athena Exploration

Description

Over the past 40 years, the Athena management team has been involved in the discovery of over 10 billion barrels of oil equivalent across the UKCS and West Africa.

Athena has deep experience in managing risk in new & underexplored plays and is focused on high impact exploration in the basins of the Atlantic seaboard.

Underexplored plays cover a large spectrum of risk & often such plays can be found in proven as well as frontier and emerging basins. Understanding & differentiating between plays with a risk of >1 in 10 & those with a risk of c.1 in 5 is key in portfolio management for an explorer working in new plays.

Athena's strategy is focused on:

  • Acquiring acreage with material exploration potential.
  • Maturing a portfolio of drillable prospects >50mmboe recoverable
  • Farming out assets to fund drilling
  • Delivering a portfolio of economic, marketable pre-development hydrocarbon discoveries

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