Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Warburg Pincus to Invest $600 Million in East African Oil Search

June 17 (Bloomberg) -- Warburg Pincus LLC, a private-equity firm that helped find Ghana’s largest oilfield, will invest $600 million in a new exploration venture in Central and East Africa.

Warburg Pincus will be the largest shareholder in Delonex Energy Ltd., the companies said today in statement. The New York-based investor previously helped fund Kosmos Energy Ltd., part of a venture that discovered the Jubilee field off Ghana.

“There is significant, underexplored resource potential in Central and East Africa,” said Delonex Chief Executive Officer Rahul Dhir, who headed Cairn India Ltd. until August. “Warburg Pincus is one of the leading investors globally in the energy sector and has an impressive track record.”

Delonex, based in London, is joining explorers seeking oil and gas in East Africa after Anadarko Petroleum Corp. and Eni SpA found more than 100 trillion cubic feet of gas off the coast of Mozambique. In West Africa, Ghana became one of the world’s top 50 oil producers because of output from the Jubilee field.

Delonex said its “key strategic areas” will be the East African Continental Rift System from the Red Sea, through Ethiopia, Kenya, Uganda, Tanzania and Mozambique; the Central African Rift System from Chad to South Sudan; and the coastal margins of East Africa.

To contact the reporter on this story: Eduard Gismatullin in London at

To contact the editor responsible for this story: Will Kennedy at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.