Dale Rollins has quit the Nigerian independent E&P company, South Atlantic Petroleum Ltd, (SAPETRO) as Managing Director.
He left the company effective 31st May 2019, after about three years.
Toyin Adenuga will act as Managing Director of the company pending when the Board appoints a new MD.
It is not clear whether Mr. Rollins left of his own volition or was forced out.
Dale Rollins didn’t deliver on getting a new producing asset in Nigeria, or for that matter, anywhere in Africa, for SAPETRO, which is desperate to diversify its assets beyond equity in Oil Mining Lease (OML) 130, which hosts two producing fields: the 104, 000Barrels of Oil Per Day and the 170,000BOPD Egina field.
But SAPETRO’s publicly tendered goodbye message to the outgone CEO was positive.
“Dale has played an important role in executing SAPETRO’s new business direction since 2016”, the company says on its website “We want to thank him for the three years of exceptional service and contribution to SAPETRO”, it explains. “We wish him all the best in his future endeavours”.
A former Deputy Managing Director of Shell Nigeria, Rollins has over 38 years oil industry experience, 26 years of which he worked for Shell (beginning August 1981). Long before he became DMD at Shell Nigeria, he was vice president, production and HSE for Shell Russia and chief executive of Salym Petroleum Development, a joint venture between Gazprom Neft and Royal Dutch Shell. He was senior vice president Africa, for Petrofac, the oil service company, before he joined SAPETRO.