Meren Energy Inc
Meren Energy Inc

Meren Energy Inc share price, company news, analysis and interviews

Meren Energy Inc (TSE:MER, STO:MER) is a leading independent, full-cycle E&P with production and development assets in deepwater Nigeria, a leading carried position in the Orange Basin across Namibia and South Africa, and operated licences in Equatorial Guinea.

Meren Energy

Meren Energy has a portfolio of exploration assets in Namibia, Nigeria, Equatorial Guinea and South Africa:

Namibia 

Meren has indirect interests in these blocks through a 39.5% shareholding in its investee company Impact Oil & Gas Limited, which has a 9.5% interest in each Block 2912 and Block 2913B.

These blocks are operated by TotalEnergies (47.2% in Block 2912 and 50.5% in Block 2913B). Other partners include QatarEnergy (28.3% in Block 2912 and 30% in Block 2913B) and NAMCOR (15% in Block 2912 and 10% in Block 2913B).

Nigeria

Following the completion of the Amalgamation Agreement with BTG in March 2025, the Meren group has a direct interest in producing assets in Nigeria’s deepwater Niger Delta Basin, operated by Chevron and TotalEnergies.

The main assets of Meren are a direct 8% WI in PML 52 and a direct 32% WI in PMLs 2, 3 and 4 as well as PPL 261. PML 52 is operated by affiliates of Chevron and covers part of the producing Agbami field.

Meren Energy
Meren Energy

Equatorial Guinea

In February 2023 the Company, through its wholly owned subsidiaries Africa Oil Alpha B.V and Africa Oil Beta B.V., entered into two new PSCs for Offshore Blocks EG-18 and EG-31 in the Republic of Equatorial Guinea.

The Company holds 80% operated interests in each block, with the balance to be held by GEPetrol, the national oil company of Equatorial Guinea. GEPetrol can acquire an additional 15% participating interest in each block. GEPetrol is carried during the exploration phase.

South Africa

In July 2019, the Company through its wholly-owned subsidiary, Meren SA Energy Corp., entered into a definitive farmout agreement with Azinam Limited to acquire a 20.0% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa.

Following two transactions announced in 2024, Meren currently holds a direct non-operated 18.0% interest in Block 3B/4B. This block is operated by TotalEnergies with a 33.3% interest. Other partners are QatarEnergy with a 24.0% interest, Ricocure (Proprietary) Ltd. with a 19.8% interest and Azinam (a subsidiary of Eco Atlantic) with a 6.3% interest.

Meren Energy
Meren Energy

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