Calvalley is a company with strong potential for growth, underpinned by ambitious plans for a long and successful future. We are very proud of our company’s history since 1996 as a highly successful, technically adept operator in oil and gas, enjoying strong finances and excellent community relationships
What differentiates Calvalley is a unique combination of experience, technical excellence, financial stability and good housekeeping. In 2019, more than ever, our distinctive ‘Local First’ model allows us to operate to high standards at low costs. We implement a lean hiring policy relying on strong communications and secondment of key staff to local offices for efficient management. We also strive to deploy and retain local staff, whose decades of experience in oil and gas have culminated in technical expertise and the close attention to rigorous process which characterises safe and efficient field operations. Knowing that we are only as strong as the people who support us, we are also building a real economic and educational future for the communities in which we work.
Among other interests in the North Africa and Middle East region, Calvalley currently operates in the Republic of Yemen, having just restarted production in Block 9, one of the highest-potential concessions in the country. We have built and maintained a good relationship with the local communities through difficult times and our employees have many years of experience in Yemen, in this specific asset. Our shareholders also have knowledge of the local economy, the local culture, and the local approach to business.
Conflict situations bring challenges to all oil and gas companies, in many cases relating to the loss of the technical service industries necessary to support production. Not many Western oil companies can operate in these environments. Calvalley has refurbished its field to bring it fully up to scratch, get it running and be ready to start producing in 2019.
A big part of making this happen has been the expertise and loyalty of our teams on the ground. We are proud to have provided high levels of training, safety and job security for all our Calvalley field staff – and to have paid them even for the period in which production was halted by the conflict in Yemen. We considered this our duty, and we have benefited by becoming one of the very few to be ready and able to start production again so soon.
During 2019, we will maximise output from our proven and producing assets. Over the next three years, we also expect to be able to increase production substantially through investment, and based on our strong relationships locally we will work to acquire further concessions in Yemen. We also plan to acquire or farm in to other oil and gas assets, focussing on the North Africa and Middle East regions, where we are currently evaluating fields in Somaliland and Sudan.
We look forward to many more decades of production, expansion, and positive impact on the communities in which we live and work.
During 2019, we will maximise output from our proven and producing assets. Over the next three years, we also expect to be able to increase production substantially through investment, and based on our strong relationships locally we will work to acquire further concessions in Yemen. We also plan to acquire or farm in to other oil and gas assets, focussing on the North Africa and Middle East regions, where we are currently evaluating fields in Somaliland and Sudan.
We look forward to many more decades of production, expansion, and positive impact on the communities in which we live and work.
