All articles in the Petroleum People Section:


Angola’s Next President Is Quite Popular

Joao Lourenço, the man handpicked by President Jose Eduardo dos Santos to succeed him as Presidential candidate in the August 2017 election, “enjoys wide support across the ruling MPLA party and the military”, according to Lucy Corkin, a keen student of Angolan affairs. “Crucially, he has remained out of the lime light and evaded allegations of corruption, a sensitive issue given the rising international concerns regarding anti-corruption and corporate compliance”, Corkin writes in After the Boom: Angola’s Recurring Oil Challenges in a New Context, published by the Oxford Institute for Energy Studies. “Even more significantly, his wife Ana Afonso Dias Lourenço is a political force to be reckoned with. She served as Vice Minister (1997-1999) and Minister of Planning (1999-2012) and is currently an executive director on the Board of the World Bank Group. This renders the couple a power base with the right credentials to appease a wide variety of stakeholders and interest groups”.

→   Read the rest of this entry


Fatona Begins His Exit from Executive Leadership of NDEP

By Akpelu Paul Kelechi, in Lagos

Layi Fatona, Managing Director of Niger Delta Exploration and Production (NDEP), will progressively relinquish the functions of his position as Managing Director and Chief Executive of Niger Delta Exploration and Production, Nigeria’s most integrated indigenous E&P Company.  The process is the first of several phases of the company’s “Executive leadership succession and implementation programme”.

Fatona has held the reins of NDEP for 25 years. The company is the country’s first formal operator of a marginal field. It has been producing the Ogbele oil field (current output: 6,000BOPD) since 2005. It operates the only private owned crude oil refinery in the country and has built and run a gas processing plant for the past four years.

→   Read the rest of this entry


NAPE Hosts A State of Play for Sylvester Adegoke

By Johnbull Nwokoh, in Abuja

Africa’s largest body of petroleum geoscientists, the Nigerian Association of Petroleum Explorationists (NAPE) is hosting a technical session in honour of one of the continent’s most erudite geoscience scholars in July 2017.

Sylvester Adegoke, professor of earth sciences, will be 80 on July 9, 2017 and a group of individual and corporate members of NAPE has come together to sponsor a Technical Session in his honour, under the aegis of NAPE, with membership of over 5,000 strong.

The July 2017 edition of NAPE’s lunch hour monthly technical session, scheduled for 11am on July 12, 2017,is sponsored by a group that includes Waltersmith Petroman and Platform Petroleum,both E&P companies producing crude oil and gas, as well as Energy and Mineral Resources (EMR) and Degeconek, both of whom are hydrocarbon asset consultants.

“NAPE is a platform for discussion of the most current advances in petroleum geosciences”, says Abiodun Adesanya, President of the association. “We are proud to be asked by sponsors who want to fund this session and who already have a line-up of speakers headlining a robust technical programme”.

The lunch hour event, to be held at the Eko Hotel, is themed: State of Play: The Trailblazing Path of an Illustrious Geoscientist.

“It will feature three technical papers and a tribute, all of which touch on activity that Professor Adegoke has been involved in during his illustrous career”, says Adesanya.

PAPERS include:

1. Refinement of the Stratigraphic Framework of the Niger Delta by Ajibola Oyebamiji, Coordinator, Geosciences Research & Development & Knowledge Management, Nigerian Agip Oil Company -15 minutes.

2. MOS Energy (A Journey in Upstream E&P Entrepreneurship) by Dayo Adegoke, Managing Director, Mos Energy Company-10 minutes

3. Petroleum Systems of Nigeria’s Cretaceous Sedimentary Basins-Insights and the future By Kenny Ladipo Ph.D, who is Senior Exploration Advisor at Lekoil -18minutes.

TRIBUTE

Professor O.S. Adegoke …….” Personal reminiscences about an Outstanding Earth Science Professional and a Role Model(Academician, Industry Professional and multiple National and International award winner), by Ebi Omatsola, Ph.D, Former Chief Executive, Conoil Producing and Africa’s leading exploration thinker. He has 10 minutes.

“There will be intro, welcome and appreciation by NAPE President for just five minutes”, says Seye Fadahunsi, a former NAPE Vice President who is the animating spirit behind this special session. We should wrap up everything,, including Professor Adegoke’s 10 minute response, under 1 hour 20 minutes”, he says. Messrs Fadahunsi and Adesanya were both students of Adegoke at the University of Ife’s geology department in the west of Nigeria in the early 80s.

Adegoke grabbed a Bachelor of Science degree in Zoology at the University of Ibadan, Nigeria’s premier University, in 1962, proceeding the following year to the University of California, Berkeley, to study for a higher degree in Geology with special emphasis on Paleontology, the study of fossils for dating earth structure.

He is reputed to have been one of the very few graduated Students in the history of that University who completed their Doctoral dissertations within the record period of three years. Angeline Myra Keen Myra, Emeritus Professor of Paleontology of Stanford University,noted that Adegoke’s dissertation at Berkeley clearly belonged to “the classic type that has been a hallmark of University of California Geological Series for the past half century.”

His main claims to distinction include extensive pioneering studies of the bitumen (tar sand) belt in southwestern Nigeria; comprehensive paleontology work that determined the major boundaries between the cretaceous Dahomey and tertiary Niger Delta basins as well as forensic level studies of the Chad Basin, the latter as consultant to the Nigerian National Petroleum Corporation.

NAPE on its own does not organise technical sessions for individuals. This session is being hosted on the association’s platform. “Corporate organisations and individual with robust technical programmes will be hosted on our platforms”, says Adesanya. “Professor Adegoke is clearly respected by companies and individuals who themselves are much respected”, the President explains. “They have brought this session to our platform and we are so proud to host it”.


Ayoade Is New Boss At Erin Headquarters

Erin Energy has named Femi Ayoade as CEO and new Director of the Corporation. He replaces Segun Omidele, who resigned effective February 22, 2017. Up until Mid-May 2017, when Ayoade took over, Jean-Michel Malek, Senior Vice President, General Counsel, and Secretary, served as Interim Chief Executive Officer, while the Board conducted a search for a permanent replacement.

Ayoade has more than 20 years of experience in the oil and gas industry and extensive experience on exploration and production operations offshore Nigeria. From 2008 to 2013, he was a Senior Technical Executive at CAMAC Petroleum Limited and Allied Energy Plc Nigeria and from 2006 to 2008, he was a Senior Drilling Engineer at Nigeria Agip Exploration (a subsidiary of ENI).

New non- executive directors and members of the board who joined the board in Mid-May 2017 are John Rudley, an American and Mahmud Yayale Ahmed, a Nigerian. Rudley served as the President of Texas Southern University from February 2008 to July 2016; Ahmed, meanwhile, “has an extensive history of government service on behalf of the Republic of Nigeria and has served as the Secretary to the Government of the Federation of Nigeria, a role that involved serving as Secretary to all Councils and bodies chaired by the President of the Republic, such as the Federal Executive Council and the Council of State. Mr. Ahmed served as the Minister of Defense and as the Head of Civil Service.


PGS Chief To Become Chairman of Statoil

Jon Erik Reinhardsen has been elected as new chair of Statoil’s board of directors.

Øystein Løseth, who was chairman for the last two years, had informed the nomination committee that he did not wish to stand for re-election in 2017, as he wants to return to a career seeking more operational positions.

Løseth leaves the board on July 1, 2017.

Reinhardsen will resume from the position of Chief Executive Officer of Petroleum Geo-Services (PGS)a job he has held for nine years (since 2008), and take on chairmanship of the board of one of Europe’s largest E&P companies from September 1, 2017, until the ordinary election of shareholder-elected members to the board of directors in 2018.

Meanwhile, Roy Franklin will retain his position as deputy chair and will function as the acting chair of the board in an interim period fromJuly1, 2017, when Løseth leaves the board of directors, until and including August31, 2017.

WencheAgerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer were all re-elected members of the board of directors.


Ben Asante Takes Charge of Ghana Gas

Ben K. D. Asante is the Caretaker Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas).
His appointment follows the exit of the former CEO of the company, George Sipa-Adjah Yankey.

Asante assumes his new role as Acting-CEO with more than 25 years global experience in the Oil and Gas industry. He is a Lecturer at the School of Engineering, Kwame Nkrumah University of Science and Technology (KNUST) and a former Engineering and Technical Director of Ghana’s premier Gas Infrastructure project, which led to the Atuabo Gas Processing Plant and allied gas infrastructure in the country’s petroleum rich Western Region.

He has worked for major Operating Companies (Nova/TransCanada Pipelines and Enron) as well as Engineering Consulting companies (Jacobs Engineering and Gulf Interstate Engineering) in Canada and the US in various positions up Director of Engineering and Operations.
He has also provided consulting services to the World Bank and Asian Development Bank (ADB).

He developed the Gas Infrastructure Master Plan for Ghana, working with the Energy Commission.He has consulted for the Ghana National Petroleum Corporation GNPC. He holds a BSc in Chemical Engineering (KNUST, Ghana) and MSc in Chemical Engineering (University of Calgary, Canada) and a PhD in Chemical Engineering from Imperial College, London/University of Calgary. Dr Asante is a board certified Professional Engineer.

He has 15 technical papers and made over 80 technical presentations around the world on Oil/Gas Infrastructure Design and Operations.


Greger Is New Head of OMV’s Investor Relations

Effective June 1, 2017, Florian Greger (47) became Head of Investor Relations for the OMV Group. He succeeds Magdalena Moll, who has managed the department in addition to her function as Head of Corporate Affairs OMV. Florian Greger will report to Magdalena Moll.

Florian Greger can look back on a career in the chemical industry stretching back almost 20 years: In 1999, he joined BASF in Ludwigshafen, Germany, where he initially held various positions in the plastics sector.

In 2009, Florian Greger became part of the BASF Investor Relations team, where he had various roles including Deputy Head of Investor Relations. He moved to the U.S. in 2013, where he was responsible for the North America region as Director of Investor Relations for BASF Corporation in New Jersey. At the end of 2015, he took over the business management Diols & Derivatives North America in his role as Director.

Florian Greger studied Chemistry in Heidelberg, Germany, after which he completed an MBA in Belgium and Spain.


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.

© 2017 Festac News Press Ltd..

Site by BluQuadrant