Ambit Energy Corporation is currently working to expand oil operations throughout West Africa, using the oil fields of Nigeria as a foundation for its own unique business model. This model is built not only on the prior expertise of Ambit Energy Corporation’s CEO and founder Tunde Agbi, but also on his dual Canadian-Nigerian citizenship.
Mr. Agbi’s citizenship status allows his company to headquarter itself in Canada while also being exempt from many restrictions imposed by Nigeria on its oil exports. As a result of these connections, Ambit promises not only to double the returns on shareholder investments compared to its competitors, but to develop strong ties with a key exporter, which can expand into resource opportunities with other potential partners in the region.
Mr. Agbi has already demonstrated his ability to change the landscape of oil production. Under his leadership, Ambit Energy Corporation is prepared to establish a new standard for African oil production.
Ambit Energy Corporation, an oil and natural gas exploration firm based in Canada, focuses on natural resource extraction initiatives in West Africa. Ambit Energy Corporation’s initial project aims to discover and extract oil and gas from the Niger Delta Basin.
Among the most important sources of energy used throughout the world, natural gas is composed of a variety of hydrocarbons that can be burned to generate electricity and heat as well as power cars. To gain access to natural gas, companies must free it from the confines of rock reservoirs that trap it underground. They can do so by drilling and by relying on innovative hydraulic fracturing solutions.
There are a number of benefits to relying on natural gas over other petroleum resources. For example, natural gas has lower harmful emissions of compounds like carbon dioxide and carbon monoxide than alternative fuels like gasoline.
Some countries with high natural gas production rates relative to other countries in their regions include the United States, Russia, China, Iran, and Nigeria.