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Tony Hayward Bows Out of The Company He Created

By Sully Manope

Tony Hayward will retire as a Director and Chairman of Genel Energy, a company he helped create, at the conclusion of the 2017 AGM, to be held on June 6, 2017.
Stephen Whyte will take up the role of Chairman.

Genel Energy was formed in 2011 through the reverse acquisition of Turkish Genel Enerji by the  investment company Vallares, led by Tony Hayward, who had just been forced out as CEO of BP (in the event of the Deep water Horizon spill in the Gulf of Mexico), Nat Rothschild, a financier and Julian Metherell, a banker.

At the time, Genel Enerji was controlled by the wealthy Turkish businessman Mehmet Emin Karamehmet, who ran the company through his Cukurova Group (56%), a conglomerate and Mehmet Sepil’s family (44%). At the time Hayward and his partners showed up, Genel Enerji’s planned merger with Heritage oil, (the defunct British independent), had just collapsed.

But Hayward’s six year old creation has struggled, largely due to the challenges of receiving payment from production of its flagship asset, the Taq Taq field, located in the Kurdistan part of Iraq.

Whyte’s appointment as an independent non-executive director and Chairman designate was announced on April 24, 2017.

 Genel has some positions in Africa: in Somaliland and in Morocco, but it is not excited about either. Citing security issues, it has not conducted an aggressive work programme on the two acreages it operates in Somaliand. It plans to acquire portions of speculative two dimensional (2D) seismic data that the government has purchased and interprete the data after which, it says, it is not keen on extending the licences on the acreages.

In Morocco, Genel has drilled a well, which was promising, but it is not talking of appraisal.


Power Consultant Is Neconde’s New CEO

Frank Edozie has taken over from Malije Okoye as the Chief Executive Officer of Neconde, the Nigerian E&P independent. It’s a big job: Neconde is 45% partner and co-operator of the Oil Mining Lease (OML 42), which produced 25,000BOPD average gross in March 2017. The asset also has a 40MMscf/d gas processing plant recently inaugurated.

Until March 2017, Edozie was the Senior Power Consultant at Nigeria Infrastructure Advisory Facility (a UK Department of International Development (DFID) programme) a job he took in July 2015. Prior to that he was the Senior Special Adviser (Gas) to Nigeria’s Minister of Power between November 2013 to June 2015. He was also a member of the team that in 2013 developed the Nigerian 30-years National Integrated Infrastructure Master plan which set out the national blueprint for infrastructure development over the period.

Edozie worked with Shell in various capacities over the years and has had variety of assignment in many of Shell’s upstream locations around the world, including the position of General Manager, Commercial at the defunct Olokola Liquefied Natural Gas (OKLNG) Project from September 2010 to June 2013.

Neconde’s new MD says he has keenly followed developments across the entire Power value chain, over the past 24 months, with particular interest in gas-to-power and the completion and commissioning of the power plants (being) built under the Nigeria Integrated Power value plant (NIPP) scheme.


Manish Takes Over From Phillip Ihenacho

Seven Energy Finance Limited has announced the appointment of Manish Maheshwari as its Chief Executive Officer.
Until recently the Chief Executive Officer of Essar Exploration & Production, Maheshwari succeeds Phillip Ihenacho, who had elected to step down from a full time executive role with the Company.

Maheshwari has over 25 years’ experience in the oil and gas sector. Before his movement to Essar in November 2014, he was Managing Director of Hindustan Oil Exploration Company Limited, a subsidiary of the Italian giant, ENI SPA.
The Essar job entailed responsibility for 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam. The total reserves and resources across these assets were estimated, by the company, to be 2,034MMBOE in March 2015.

“Manish has been instrumental in turning around and delivering multi-fold growth from onshore and offshore assets in a safe, timely and cost effective manner in his previous assignments”, Seven Energy notes in a statement. “Manish has been involved in negotiating Production Sharing Contracts with Governments, Joint Operating Agreements with National & International Oil Companies, Crude Oil Sales Agreements, Gas Sales Agreements with aggregators and end users, as well as successfully completing several farm-in and farm-out arrangements.

Manish brings rich experience overlapping technical, commercial and financial domains in emerging economies. Manish has a Bachelor (Hons.) in Engineering and a Masters in Business Administration from Strathclyde University and has been a member of several professional bodies including the Society of Petroleum Engineers (SPE) and Association of International Petroleum Negotiators (AIPN).

Seven Energy is a leading player in the domestic Nigerian gas market, supplying gas to the power generation and manufacturing industries, principally through its own integrated processing and pipeline infrastructure, and the backing of strategic long-term investors. The Group’s midstream gas infrastructure assets, focused in the south east Niger Delta, include the 200 MMscf/d Uquo gas processing facility and a gas pipeline network of 260 km with distribution capacity of 600 MMscf/d. Its upstream assets include licence interests in the Uquo Field and the Stubb Creek Field (south east Niger Delta), an indirect interest in OMLs 4, 38 & 41 through a Strategic Alliance Agreement with Nigerian Petroleum Development Company (north west Niger Delta) and a licence interest in OPLs 905, 907 and 917 (Anambra Basin). The Group has its main offices located in Lagos and London.


Africa’s Luckiest Explorer Gets A New Director

Cairn Energy, which found commercial quantities of oil during a low price regime when other independents were encountering gas, has picked a new director to oversee its aggressive exploration programme.

Eric Hathon joins the company from Marathon Oil Corporation where he held the position of Director Conventional Exploration, based at the company’s Headquarters in Houston, USA.

Hathon succeeds Richard Heaton, currently Cairn’s Director of Exploration, who is retiring after 23 years service with the company. Heatonwill step down from his role following Cairn’s Annual General Meeting in May 2017. 
Following a handover period, Hathon will be responsible for leading all of Cairn’s future exploration activities, which has Nporth West Africa as a major heartland.
 
He will be a member of Cairn’s Senior Leadership team and will report directly to Simon Thomson, Chief Executive.
Hathon joined  Marathon Oil Corporation in 1991 as an Exploration Geologist. Since then he has worked in a number of senior international management roles covering North and South America, Europe, Middle East and Africa. 

In addition to exploration responsibilities, Eric has held asset management and international new venture roles with Marathon. He has a BSc in Geology from Michigan State University and an MSc and PhD in Geology from the University of Missouri.


George Osahon Is New Chairman of Energia’s Board

George Osahon, former Director of Department of Petroleum Resources, has been elected Chairman of the Board of Energia, the Nigerian Independent.

He takes over from Albert Horsfall, the career detective and intelligence operative and founding Chairman of the Oil Mineral Producing Areas Development Commission (OMPADEC), the precursor of the Niger Delta Development Commission (NDDC).

Energia, operator of the Ebendo marginal field in Oil Mining Lease (OML) 56 in the western Niger Delta, was founded in 2001 by a group of Nigerian elite oil industry technical professionals, some of who provided technical services on the field development via the companies they own and run, in lieu of cash, for their equity investment. Mr. Osahon was in that founding team.

The Ebendo field has been producing since 2009 and at some point reached over 6,000BOPD in production. Its fortunes have, however dwindled in the last six months, producing 1,276BOPD in September 2016 (five months ago) according to NNPC’s latest figures.


Dos Santos Didn’t Fire The Top Sonangol Board

By Toyin Akinosho

But she is clearly discrediting the old guard

Isabel dos Santos sacked the Executive Committee of Sonangol P + P, the small production company which is an operating arm of the upstream segment of Angola’s state hydrocarbon firm, Sonangol.

The daughter of the country’s President, who is also the Chairman of Sonangol, has taken on the title of CEO of P+ P, and it looks as though the unit is being merged with Sonangol EP, internal sources told Africa Oil+Gas Report.

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Agbaire is Shell Nigeria’s Top Geoscientist

Dan Agbaire has been named the General Manager Exploration Nigeria at the Shell Petroleum Development Company of Nigeria.
That’s the top exploration job in all the Shell Companies in Nigeria (SCIN).

Until the appointment, the 52 year old earth scientist was the Regional Discipline Lead, Production Geology/Production Seismology, Shell Upstream International, Sub Sahara Africa

Agbaire holds a 1986 Master of Science Degree in Geology/Earth Science from the University of Benin, located in the Western flank of the country’s oil rich Niger Delta region. In 1987, he joined Geotrex, which then was  a bespoke, boutique petroleum geoscience consulting company in Nigeria. He left Geotrex four years after and has worked for Shell, in positions of increasing responsibility, for 25 years.


Barry Morgan Lifts the Trophy

About time: the most influential hydrocarbon journalist on the continent gets the Lifetime Achievement Award

By Toyin Akinosho

The doyen of Africa’s oil journalists has won the Lifetime Achievement Award of the African Upstream landscape.

Barry Morgan, West African correspondent of the Norway based Upstream Newspaper, received the award at the Africa Oil Week in Cape Town, for “his significant personal effort. sustained commitment and exceptional dedication to building the Cape to Cairo oil and gas industry and continental economic future”.

It was about time.

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Owieadolor Gets the Big One

Osa Owieadolor, Managing Director of Platform Petroleum, has been awarded a Fellowship of the Nigerian Society of Engineers (NSE), one of the highest honours in the engineering profession in the country.

Owieadolor, 46, has over 22 years cumulative experience in the Nigerian Oil and gas industry including stints with Texaco Oversea Petroleum Company, Oildata Wireline Services Ltd, Shell Petroleum Development Company and Platform Petroleum Ltd.

He Joined Platform in 2007 as a pioneer Technical Lead, “venturing into the then relatively untested waters of the Nigerian Marginal Field Development programme”, Platform says in a release.

Incidentally, Platform was the first company among the 24 Nigerian independent awarded marginal fields in 2003, to reach first oil. Platform started crude oil production in the same year that Owieadolor joined, so in a sense, he met the company on the way to production.

He served as Head Production Operations, Technical Manager, Chief Operating Officer, Executive Director Operations before becoming Managing Director of the company in May, 2015.

Born on the 5th April, 1970 in Iguobazuwa, Edo State, he holds a B.Eng degree in Petroleum Engineering (1992) from the University of Benin – Nigeria, MBA from the Lagos Business School(LBS), Pan Atlantic University, Certificate in Leadership & Innovation from IESE Business School in Barcelona and also an alumnus of the prestigious Harvard business School, Boston, USA.

Owieadolor is a member of several local and international Professional bodies inclusive but not limited to; Member, Society of Petroleum Engineers (SPE), Nigeria Society of Engineer (NSE), Nigeria Association of Petroleum Explorationist (NAPE), Council for the Regulation of Engineering in Nigeria (COREN), Research Advisory Board Member of the Institute of Petroleum Studies (IPS) – Uniport, Member Board of Trustee of the Energy Institute Nigeria Council and several others.

He is a recipient of several awards and recognitions within and outside Nigeria.

 


Ladol’s Founder Becomes Chairman of NDPR

Ladi Jadesimi, founder of the Lagos Deep Offshore Logistics (LADOL) base, has been elected Chairman of thebbbg Niger Delta Petroleum Resources Limited (NDPR).

Mr. Jadesimi took over from Goodie Ibru, the Hotel magnate who had been Chairman since 2012 and who retired from the board after serving for 10 years.

A graduate of Oxford University (Jurisprudence, 1966) and Fellow of the Institute of Chartered Accountants, England and Wales, Mr. Jadesimi is former Partner of Arthur Anderson in Nigeria.

After over 15 years of practice as a Chartered Accountant, Jadesimi took early retirement from practice to engage in private business, primarily in banking, oil and gas and real estate.

In 2000, started planning, with others, a purpose-built, state-of-the-art logistics and engineering base west of the Niger Delta.

“LADOL was conceived and designed to be an efficient, custom-built, fully integrated, secure and independent engineering and logistics base operating 24/7 in the LADOL Free Zone for deep offshore oil and gas projects”, the company says in its website.

Apart from NDPR and LADOL, Jadesimi serves on the board of several companies, including First City Monument Bank (FCMB), as a Non-Executive Director.

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