Meren Energy Inc. operates as a full-cycle exploration and production (E&P) company with a strategic focus on the African continent. The company's core production and development assets are located in deepwater Nigeria, including interests in the Agbami, Akpo, and Egina fields operated by major partners like Chevron and TotalEnergies. Beyond its producing assets, Meren holds a significant exploration portfolio, notably a carried position in the Orange Basin offshore Namibia and South Africa, which includes exposure to the Venus light oil discovery. The company also operates exploration licenses in Equatorial Guinea. In early 2025, the company completed the transformational consolidation of Prime Oil & Gas, doubling its reserves and production base. Following this transaction, the company rebranded from Africa Oil Corp. to Meren Energy Inc. to reflect its evolved business model and enhanced cash flow profile.
