Walersmith Petroman has appointed Chikezie Nwosu as Chief Executive Officer.
He will be in total charge of running the assets of the company, including the 7,000BOPD Ibigwe field in Oil Mining Lease(OML) 16, onshore Eastern Nigeria, the 5,000BSPD refinery currently under construction, and the 8% equity that the company has in NDWestern, which itself holds 45% in OML 34.
Abdulrazaq Isa and Danjuma Saleh, the company’s co-founders and Executive Chairman and Executive Vice Chairman respectively, will transmute, in the next six months, to non –executive chairman and non-executive vice chairman respectively. They will move “upstairs” to run a holding company, which includes other investments the company currently has and will have in the future.
Nwosu’s appointment is the first of many such appointments of planned at Waltersmith, which, Mr. Isa says, “is moving to the next phase of evolution” where owner/founders no longer run the company on hands on basis.
“We’d have a brand new management, including a CFO and a General Counsel, taking office in our new headquarters on Glover Road in Ikoyi”, Isa says. They take over a debt free company and set new targets for growth”. Isa insists, repeatedly that, as an owner/founder who is still going to be very much around, he wouldn’t be looking over Nwosu’s shoulders.
Nwosu is a widely regarded technical operative in the Upstream sector of the industry in Nigeria.
Chairman of the Nigerian Council of the Society of Petroleum Engineers (SPE) for 2017/2018, he was, until December 2018, the executive director, technical at Addax Petroleum.
He, in fact, had been interviewed for Executive Director position at Seplat in 2017; with the potential to take over as CEO at some point in the next three years. But he didn’t take it.
Between his leaving Addax and taking the Waltersmith job, Nwosu was Executive Vice President at Tolea Energy in the Netherlands. He had spent 16 years with the AngloDutch major Shell before leaving as Regional Discipline Manager, Petrophysics, in 2012, when he joined Addax as General Manager, Development & Asset Management.
Nwosu is an achiever. I have no doubt that he will reposition the company for growth in his new assignment. I wish him a successful tenor. Up School, Up Finbarrs!
Engr Nwosu is such a fine scholar and brilliant Engr whose desire is to continuously make impacts in transforming energy sector in Nigeria. Congratulations on your new role, sir.
Congrat my esteemed Nwosu!
Your good conduct and professionalism speak for you.
Pls I will appreciate if you could kindly extend hand to me (Allison PA) as your personal Assistant!
Such gesture to me being an indigenous person will streamline your operations in the company and her environments.(Ohaji)
God bless you
Mr Nwosu have had an impactful start off at Waltersmith and all indicator shows a greater height under his charge. I see another SEPLAT structure and even more . Congratulations sirs as we remain going partners at Africa Oil + Gas Report and its Sister and Alliance Companies in Service.
I listened to Engr. Chikezie Nwosu’s presentation at the NAPE 2020 Pre-Conference Workshop on November 16, 2020. His comment on R&D collaboration to develop technology indigenous to local Oil & Gas development was right on. It has been universally accepted that research and innovation are the bedrock of successful development of countries around the world. Collaboration is necessary because the problems needing solutions have become more complex beyond the capacity of any individual or organization to solve.
Kindly let Engr. Nwosu contact me so we can marry our ideas and, hopefully, find pathways to propagate R&D collaboration. I’m also an expert petrophysicist – our common area of interest – trained and mentored at the world’s foremost school of energy engineering: The Colorado School of Mines!
Thank you for expediting this message.
KC Ikwuakor, PhD
President/CEO, PEER Research Ltd., Ilorin, Kwara State, Nigeria
— A research-focused company that uses tested and proven innovative concepts and approaches to help organizations (academia, industry and government) and researchers achieve their research goals. At the end, researchers understand not only the HOW but also the WHY of their research outcomes.