By Kiana Wilburg
CYBELE Energy, a leading Sub-Saharan African oil and gas exploration and production company, recently announced its collaboration with engineering heavyweight, Well Expertise AS/Elemental Energies.
This announcement comes just days ahead of Cybele’s signing for Guyana’s shallow-water Block S7, notably the second offshore concession to be awarded following the nation’s 2022 bid round. The signing for Block 7 will take place on Tuesday. It is expected to earn the country a signing bonus of no less than US$10 million.
In a press statement, Cybele said this collaboration reflects its commitment to leveraging world-class technical capabilities and strategic alliances to enhance its global energy operations. “It underscores our focus on frontier and emerging markets, combining regional expertise with international wells engineering excellence,” the statement added.
In an exclusive comment to the Sunday Chronicle, Chief Executive Officer (CEO) of Cybele Energy, Beatrice Mensah Tayui, noted that Wells AS/Elemental Energies will be working for Cybele on the Guyana block.
The CEO further stated, “This marks a significant milestone in Guyana’s upstream oil and gas industry, given the unique visionary PSA [Production Sharing Agreement] to boost Guyana’s energy security, a diversified resource development and grassroots inclusivity and local-content advancement.”
The agreement Cybele is poised to sign for the shallow-water block is outfitted with robust requirements for the training and employment of Guyanese. It includes a requirement for US$1 million to be provided annually to a government training fund for five years, during which exploration and seismic work would take place.
It is important to note that the S7 block was initially awarded to Cybele in partnership with Liberty Petroleum Corporation of the USA. With Liberty no longer being part of the arrangement, Cybele will be the sole company signing and assuming all responsibilities for the block. As the lone woman-owned company just days away from signing, the CEO said, “The leadership of Guyana has made a historic and bold statement in its commitment to the advancement and empowerment of women.”
As it relates to her collaboration with Well Expertise AS/Elemental Energies, the Sunday Chronicle understands that it reflects a merger between two companies. Specifically, Elemental Energies had successfully acquired Norway’s Well Expertise AS in July 2024, creating one of the world’s largest specialist wells, subsurface, and project- management companies. The strategic merger allowed for the combining of Scotland’s leading independent wells expert with Norway’s premier well-management company, thereby establishing a comprehensive service provider with over 230 experts worldwide.
The combined entity now operates as a unified organisation delivering well-engineering excellence across the full energy spectrum, from traditional oil and gas through decommissioning to low-carbon solutions, including carbon capture and storage and geothermal projects.
The merged organisation also employs over 230 wells-engineering and subsurface specialists, operating from strategic locations in Westhill, Scotland and across Norway in Stavanger, Trondheim, and Kristiansund. In fact, operations span four continents, covering the North Sea (UK and Norway), the Middle East, Asia-Pacific, Africa, and the Americas. The organisation also serves a broad client base with long-term partnerships, including Equinor, TotalEnergies, ExxonMobil, ENI, and Shell.
