Unite Oil and Gas International D&P Announces Joint Venture with AfricEnergy
Houston, Texas — Unite Oil and Gas International D&P (“Unite”), led by Chief Executive Officer Yachtze Luchin, is pleased to announce the signing of a Joint Venture Agreement with AfricEnergy, chaired by Professor Emmanuel Ibe Kachikwu. Under this Joint Venture structure, Professor Kachikwu will serve as Chairman of the Board and Yachtze Luchin will serve as Chief Executive Officer.
Professor Kachikwu previously served as Managing Director of the Nigerian National Petroleum Company (NNPC), Minister of State for Petroleum Resources of Nigeria, and President of OPEC. Over his distinguished career, he has led multi-billion-dollar upstream development programs, major portfolio restructurings, and transformative field redevelopment initiatives across Africa and international markets. His leadership in building and directing high-performance, cross-disciplinary technical and commercial teams is widely recognized across the global industry.
The Unite–AfricEnergy Joint Venture is strategically positioned to acquire equity interests in shallow-water and onshore petroleum assets with substantial upside potential. The partnership will focus on unlocking value through disciplined capital deployment, targeted investment, and optimized development and production execution.
“We are honored to partner with Professor Kachikwu. When you understand his pedigree, global impact, and the scale of what he has accomplished at the highest levels of this industry — having him as a partner and mentor is exceptional,” said Unite CEO Yachtze Luchin. “I am truly excited to build this vision together.”
Professor Kachikwu added: “I am deeply impressed by the technical depth, experience, and integrated capability that Unite has assembled — combined with Yachtze’s genuine passion for the people of Africa. With AfricEnergy’s track record and Unite’s multi-disciplinary strength, there is no upstream development or production challenge we will not be able to address, unlock, and optimize.”
The Joint Venture will immediately begin identifying and evaluating qualified asset acquisition opportunities.
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