Disciplined capital allocation, Phased investment aligned with technical de-risking, Transparent governance and reporting, Strong alignment between investors, partners, and national stakeholders
Shula Energy offers investors and partners a unique entry point into Libya’s Oil and Gas field development program through a credible local platform, experienced leadership, and flexible investment structures.
We invite operators, investors, and strategic partners to engage with us to explore collaboration and investment opportunities tailored to their objectives.
An E&P startup can access various funding options depending on its development stage, business model, and risk profile. Below are the primary funding options:
Focus on equity financing (angel investors, VCs) and strategic partnerships.
Explore debt financing (bank loans, vendor financing) and farm out agreements.
Leverage cash flows, JVs, and commodity-linked loans for expansion.
A combination of these options, tailored to our business model and risk profile, will ensure financial flexibility and long-term success.
Shula Energy adopts a flexible and partnership-driven funding strategy aligned with the risk profile and phased development of marginal oil and gas fields in Libya. As a startup E&P company, we are open to multiple capital structures that balance capital efficiency, risk sharing, and long-term value creation for all stakeholders.
We welcome equity participation from strategic and financial investors seeking exposure to Libya’s upstream sector through a locally grounded operator.
Potential Equity Partners Include:
Strategic upstream operators with operating experience in marginal or mature fields
Private equity and energy-focused investment funds
Family offices and high-net-worth individuals with a long-term investment horizon
Equity investors benefit from direct participation in field development upside, governance involvement, and alignment with Shula’s growth strategy.
Shula Energy actively seeks joint venture and farm-in arrangements where partners contribute capital and technical or operational expertise.
Typical Structures:
Operator or non-operator farm-in at field or SPV level
Carried interest during early development phases
Risk-sharing models tailored to exploration, appraisal, or redevelopment stages
These partnerships allow efficient capital deployment while leveraging global best practices and local execution capability.
For each field opportunity, Shula Energy supports the creation of a dedicated Special Purpose Vehicle (SPV).
SPV Advantages:
Ring-fenced project risk and cash flows
Clear governance and exit mechanisms
Flexibility to onboard different investors per asset
This structure is particularly attractive to investors seeking asset-specific exposure rather than corporate-level risk.
Where applicable, Shula Energy explores vendor financing and deferred payment arrangements with service providers, EPC contractors, and technology partners. This approach reduces upfront capital requirements and aligns supplier incentives with project performance.
Subject to project maturity and regulatory framework, Shula Energy may consider:
Regional development funds
Libyan or regional financial institutions
Blended finance structures combining equity and debt-like instruments
