A Different Perspective with Paul McDade CEO of Afentra plc

This week Nick talks to Paul McDade

Paul has over 35 years of international experience in the oil and gas industry, with nearly two decades as COO and CEO of Tullow Oil. He helped transform the company into a FTSE 100 business, driving growth across Africa, including the development of Ghana’s Jubilee field and major M&A activity. He holds a Master’s in Petroleum Engineering from Imperial College London and a BSc in Civil Engineering from the University of Strathclyde.

Nick and Paul discuss Paul’s early life in Glasgow and his route into the oil and gas industry, including studying petroleum engineering at Imperial College and working in the North Sea, Colombia and Kuwait. Paul describes being taken hostage during the Gulf War, which he reflects on as a formative personal experience. He explains how he joined Tullow Oil in 2001 and helped grow it into a major African-focused company, making discoveries in Ghana, Uganda and Kenya, and building local supply chains and employment. He later became CEO, managing the company through major challenges including oil price crashes, debt, asset disputes and mechanical issues, focusing on strengthening the balance sheet and maintaining investor confidence.

Nick and Paul also discuss Paul’s return to the industry after retirement, founding Afentra to invest in mature oil assets in Angola and support Africa’s energy transition. Paul explains his belief that oil and gas will remain essential, particularly in developing economies, and argues that energy transition priorities differ between Africa and Europe.

Paul’s Book choice was:
Close to the Wind by Pete Goss

Paul’s music choice was:
Angel by Sarah McLachlan. City of Angels

A Different Perspective is a Zeus podcast, hosted by Nick Searle, Co-Head of Equity Sales. Here, Nick interviews interesting characters from the world of business and finance, to uncover a different perspective.

Zeus is an independent financial services group working across public and private capital markets in the UK.  We work alongside many of the most exciting businesses in the UK and we are passionate about supporting our clients.  This podcast is a series of interviews with interesting characters from the world of business and finance, uncovering a different perspective.

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