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Forced out of Energia, Felix is Re-appointed By Festus Fadeyi

Felix Aimeyeofori, who was relieved of his position as Managing Director of Energia Limited last March, has got a new job at the Newcross/Pan Ocean Corporation Group, owned by the Nigerian businessman Festus Fadeyi.

He is back at the same place he worked over 10 years ago, only this time his position is higher.

Aimeyeofori takes charge as the Executive Consultant in charge of Technical issues at the Group, and all the General Managers, of Petroleum Engineering, Facilities and Geosciences, report to him.

It is a large place to be for a man who lost his job in a much smaller company less than five months ago.

Energia Limited is a Nigerian marginal field operator which produces less than 4,000BOPD in the western Niger Delta. The Newcross/Pan Ocean group operates four acreages, and has nonoperating position in a fifth; a marginal field, in the Western and Eastern Niger Delta.

Pan Ocean itself produces around in OML 6,000BOPD at optimum in Oil Mining Lease (OML) 98; Newcross Petroleum  has a 40% equity in Platform operated Egbeoma Field (3,500BOPD at optimum) and operates two undeveloped acreages in the Western Niger Delta. A third subsidiary of the Pan Ocean/Newcross Group is Newcross E&P, which operates OML 24, producing around 24,000BOPD at optimum.

Amieyeofori was forced to resign in the wake of restructuring of Energia Limited, carried out when George Osahon took over as Chairman of the company. Citing bloated expenditure and low efficiency, the board kicked out the CEO and the executive management.

From April 2018, Amieyeofori briefly ran Strategic E&P Ltd, a consulting company he co-founded.

 



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