|

Dove Energy is a private company that provides a vehicle for investments into major oil and gas projects in the Middle East and North Africa regions.
In this regard, Dove’s value to potential investors is its ability to replicate its strong operational capability in Yemen in other locations in the region and the ability, together with the experience and expertise of the Dove management team in identifying, negotiating, financing and then operating additional producing assets.
|
 |
|
Target Area for Investments
Dove Energy’s preferred target area for investments lies within the circle shown in Figure 2 below, which contains approximately 69 % of the world’s remaining proven oil reserves of 1,238 billion barrels (BP, 2009).
As state-controlled operators in the region will grow in influence as the rest of the world’s oil production starts to decline, proven reserves are unlikely to represent investment opportunities for smaller companies like Dove Energy. Consequently, investment focus will be on marginal and undeveloped fields in basins with proven potential. This is a very competitive market-place, and it is therefore important that Dove Energy has a presence in the region, and develops strong business relationships with host governments and partners.

As a further element of its strategy, Dove Energy will focus investments towards countries which have less than 25 years reserves remaining at current production levels, or where political barriers may be removed over the next 5 years Host governments in these countries will be more likely to encourage inward investment in the oil & gas sector, and to allow fair production sharing terms with foreign companies.
|