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Welligence Expands Focus to West Africa Amid Rising Upstream Opportunities
Global upstream intelligence firm Welligence Energy Analytics has announced plans to expand its focus in West Africa, building on growing investor appetite for the region’s oil and gas opportunities.
Speaking at African Energy Week (AEW): Invest in African Energies 2025, Ross Lubetkin, CEO of Welligence highlighted strong momentum in the upstream sector, focusing interest in Ivory Coast, Nigeria and Ghana. He emphasized that African governments have made progress in improving fiscal and regulatory frameworks, creating favorable conditions for exploration and production (E&P) companies.
“We cover every barrel of oil and gas globally, and within Africa we have a team that looks at every region,” Lubetkin stated, adding, “E&Ps do much of their screening work from their desktops, and our platform provides the data and analytics to identify opportunities here in Africa.”
Welligence, which provides advisory services to over 100 E&P companies, is expanding its analysis of deepwater and ultra-deepwater projects in West Africa, where recent discoveries and divestment activity are reshaping portfolios in the region. The company has also tracked increased mergers and acquisitions across Nigeria and Ivory Coast, with independent firms acquiring mature assets from major operators.
Lubetkin spoke further of the role of Welligence in helping governments and investors recognize data as a strategic asset. “If you take that data, analyze it and attract investment to your country, that is the definition of an asset,” he said.
Beyond West Africa, Welligence is also seeing increased interest in Namibia, following recent hydrocarbon discoveries in the Orange Basin.