Upstream Exploration & Production

Exploring the Depths of Potential
with Precision and Innovation

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Who we are
Health, safety & security
Our History
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As a committed operator, Ace Energy Group takes full accountability for the exploration, development, and production of hydrocarbon resources with a focus on maximizing asset value and operational excellence. We lead the entire upstream lifecycle—from seismic acquisition and reservoir appraisal to drilling, completion, and production management—deploying cutting-edge technologies and best-in-class practices.  Our operational model emphasizes efficiency, safety, and environmental stewardship, ensuring optimal reservoir performance through advanced well intervention techniques and enhanced oil recovery methods.  By integrating data-driven decision-making and real-time monitoring, we continuously optimize production, reduce downtime, and deliver sustained, profitable output while upholding the highest standards of health, safety, and environmental compliance.

Our African Upstream Footprint

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Kugbo West

The Kugbo West Field, located within OML 29, is a fully appraised, development-ready oil field with significant hydrocarbon potential. As a key asset within Ace Energy Group’s upstream portfolio, Kugbo West is positioned for near-term production, offering a stable and scalable crude supply to strategic off-takers. The field has undergone extensive technical evaluation, confirming the presence of multiple hydrocarbon-bearing reservoirs with strong petrophysical properties and commercial viability.
Kugbo West boasts a gross hydrocarbon column exceeding 250 feet, with confirmed accumulations across six stacked reservoir.

The field’s original oil in place (OOIP) exceeds 28MM STB, with material upside potential from deeper reservoir structures. The confirmed 2P reserves indicate a strong production outlook, with a combination of oil and associated gas ensuring long-term production stability. Reservoir depths range from 9,160 ftss to 10,900 ftss, with hydrocarbons validated through multiple appraisal wells.

Osuopele SW

The Osuopele SW Field, located within OML 46, is a fully appraised and development-ready asset with significant crude oil and associated gas potential. As part of Ace Energy Group’s upstream portfolio, Osuopele is strategically positioned to deliver substantial near-term production, making it an attractive crude supply source for global traders and off-takers. With extensive technical evaluations and historical appraisal data, the field is primed for production optimization and sustained output growth.

Osuopele has a well defined-structural and stratigraphic trap, with hydrocarbons discovered in multiple stacked reservoirs. The field appraisal history dates back to 1977, with two wells—Osuopele SW-1 and Osuopele SW-2 the presence of ten hydrocarbon-bearing reservoirs across a range of depths. These reservoirs contain a mix of oil, non-associated gas (NAG), and associated gas, ensuring commercial viability and long-term production potential. The original oil in place (OOIP) exceeds 10MM STB, with strong recovery factors supported by favorable reservoir characteristics.

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WHAT WE DO

Ace Energy Group expertly navigates the full oil and gas value chain—delivering integrated solutions in exploration, production, midstream infrastructure, refining, and marketing. We leverage advanced technology and sustainable practices to optimize resource development, ensure seamless logistics, and provide high-quality energy products that power economic growth across Africa and beyond.

UPSTREAM
EXPLORATION &
PRODUCTION

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Drilling & Evaluation Formation
Services

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Midstream
Infrastructure &
Logistics

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Energy
Generation
Services

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Exploring the Depths of Potential with Precision and Innovation

Engineering, Procurement, Construction & Commissioning

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Downstream
Processing &
Marketing

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Refinery Solutions
Services

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Power
Generation
Capabilities

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OUR STRATEGIC PARTNERSHIPS

Ace Energy Group’s competitive edge is amplified through alliances with world-class technology providers, equipment manufacturers, financial institutions, and development partners. These collaborations grant us access to leading-edge innovations, capital solutions, and global best practices, accelerating project delivery and enhancing operational resilience. Our partnerships exemplify a shared commitment to sustainability, local content development, and economic empowerment.

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