Raisa Energy is considering a sale of portfolio of oil and gas wells in several US shale basins, with the potential to attract around $1.5bn, reported Reuters, citing sources familiar with the matter.

The sale is currently in the preliminary stages.

The deal is not yet certain, and the final price may vary based on market dynamics, according to sources who requested anonymity due to the confidentiality of the process.

Raisa Energy is a private investment firm established in 2014. The company, which has its key technology hub in Cairo, has developed a distinct investment platform for the energy sector, overseeing more than $2bn in investments at this moment.

The investment banking division of Perella Weinberg Partners, TPH, which is focused in energy sector, is providing advisory services for the sale.

Assets on offer are categorised within the industry as non-operating interests.

Owners of such assets contribute to drilling costs and additional expenses, receiving a share of the revenue from hydrocarbon sales, while another operator manages the day-to-day activities.

This type of investment is particularly appealing to energy producers and financial investors looking for consistent returns without the requirement for operational expertise.

Sources indicate that nearly half of the output from Raisa's assets is natural gas, with the total net production estimated at about 63,000 barrels of oil equivalent per day (boepd).

Raisa is also enhancing its technology platform, incorporating automation, AI, and big data to support its energy experts in decision-making processes.