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Jide Ojo Is Out Of Addax

Jide Ojo, former President of the Nigerian Association Of Petroleum Explorationists (NAPE), has left Addax Petroleum in Nigeria. He was the company’s General Manager for Exploration. At a well attended send forth party for him in a seaside Chinese restaurant in Lagos, he dismissed insinuations that he is a unique species among his generation of Nigerian technical professionals who work for multinationals. Mr Ojo has worked in the industry for 32 years and has moved around, working for Shell, ExxonMobil, Statoil, Global Energy and Addax.jide

“Perennial Mover?”, he questioned the phrase. “Only five moves in more than 32 years in the industry, with sometimes 6-10 years between moves, ultimately leading to voluntary exit from Addax (albeit three years before retirement age) sounds deliberately focussed/decisive rather than flighty, if you ask me”.  He left Addax finally at the end of February 2013 after three more months working on contract as a Consultant. Asked if he was one of several experienced engineers and geologists invited to the company by the late Jim Pearce, Addax’s transformational former CEO, he responded quite formally. “Jeff Schrull’s incorporation of meinto the Addax family certainly had a Jim Pearce handle to it.  Jeff was hired as Corporate GM Exploration based in Geneva and his mandate was to move the company further upstream by activating an exploration focus which was mostly non-existent at the time.  I was then brought on board close to two years later to build up the corresponding Nigerian Exploration Business Unit”.

Al-Jebouri Moves Farther Up In Lukoil

Russian operator, Lukoil has promoted GatiSaadi Al-Jebouri to the  position of Senior Vice PresidentGati  Photo1 of LUKOIL Overseas, a subsidiary of the company.Prior to this elevation, Mr. Al-Jebouri was the Executive Director of Dubai Branch of LUKOIL Overseas.

Lukoil says that MrAl-Jebouri has been successfully holding senior management positions in the companies of LUKOIL Group for more than ten years.

Starting from 1998, He was Director of Investment and Finance in London-based office of LUKOIL Europe Holdings Ltd., in 1998. Five years later, in 2003, Gati Al-Jebouri was appointed Chief Finance Officer of LITASCO SA (LUKOIL International Trading and Supply Company), i.e. LUKOIL’s multinational marketing and commercial entity registered in Switzerland. From 2005, he held the position of CEO in LITASCO. From March 2010 till present, Gati Al-Jebouri performed the duties of Executive Director in the operating company in charge of LUKOIL’s strategic West Qurna-2 project.

Ian Sinclair Joins Rialto’s Board

Rialto Energy has appointed Andrew Ian Sinclair to its Board in the interim. The appointment is to allow the company to comply with Australian requirements to have two directors resident in Australia, whilst it completes a search for a permanent Australian based Non-executive Director to replace Jeff Schrull,  whohas stood down from the board.

Mr. Sinclair, who is based in Sydney, Australia, is a founder of Giant Capital, an international investment fund focused on the oil and gas sector which he founded in 2011. Previously,he had a 16 year career with Macquarie Bank in Sydney, London and Houston.

Rialto Energy has assets in Cote d’Ivoire, where is the Operator (85% working interest) of the CI-202 block offshore, which contains the Gazelle Field and Ghana, where it holds a 12.5% interest in the Offshore Accra Contract Area, operated by Ophir Energy.

The company also has an interest in the Apache operated WA-399-P Block in the Carnarvon Basin, Western Australia.


Hataba Is The New Head Of Circle Egypt

Circle Oil has announced the appointment of Mr Hassan Hataba as General Manager for Circle Oil Egypt Ltd, effective 1 January 2013. Hassan holds a BSc. in Geology from Cairo University and has 37 years of oil and gas experience 25 of which he spent at a broad range of organisations including the Suez Gulf Petroleum Company (“Gupco”), a joint venture between Amoco, and later BP, and the Egyptian General Petroleum Corporation (“EGPC”). Hassan held a variety of positions at Gupco culminating in his appointment as Chief Geologist.

Following his career at Gupco, Hassan spent nine years as Undersecretary for Exploration and later Exploration and Production affairs at Egypt’s Ministry of Petroleum.

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Advisory: So Much Under One Roof


When Gbite Adeniji left Aelex Nigeria, the commercial and litigation law firm, in 2010, there were whispers that the man had moved on again. He had co-founded the Law Union in 1995, arguably the largest commercial law firm at the time and worked in the Oil & Gas Policy Division of the World Bank. On return to the country in 2003, he had consulted for the Nigerian Government on some important assignment in the oil and mining sectors, including the downstream gas bill (now incorporated into the Petroleum Industry Bill). He left Aelex, which he also co-founded, after six years.

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NAPE Gets A Female President-In-Waiting

Adedoja Ojelabi has been elected the President-Elect of the Nigerian Association Of Petroleum Explorationists(NAPE), the largest single body of petroleum geoscientists on the African Continent.

Ojelabi(Mrs.) was elected unopposed at the annual general meeting of the association, in the course of the 30th International Conference, which ended on November 15, 2012.

“I won’t be president until November 2013”, Ojelabi, an earth scientist with Chevron, the American major, declared to well-wishers after the announcement. “I will be Mr Osahon’s Girl Friday until then”.

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NAPE Elects Eight(8) New Fellows

The Nigerian Association of Petroleum Explorationists conferred its high honour-“Fellow of NAPE(fnape)” on eight members of the association at its last annual conference IN MID November 2012.

The new fellows include Tola Adeogba, General Manager for Onshore/Shelf exploration at  Shell Petroleum Development Company of Nigeria; Lanre Osho, Reservoir Engineering Manager at IDSL, an oil service subsidiary of the state hydrocarbon company NNPC; Mustafa Jibril, Manager, PSC/JOA Coordination for Esso Exploration and Production, a Nigerian subsidiary of ExxonMobil,

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High Debt Pushes Diesel Marketer, Otedola, Off The Rich List

Nigerian diesel marketer Femi Otedola couldn’t make it to Forbes’ richest 40 Africans because of his huge debt profile and the steep fall in the share price of his petroleum marketing company, African Petroleum (now Forte Oil), the Magazine reports on its website.

“Otedola had been one of Nigeria’s biggest debtors for the past few years with non-performing loans reported at close to $1 billion”, said the journal, a self – appointed tracker of the world’s wealthiest, quoting the Nigerian media. Mr. Otedola’s flamboyant lifestyle and the fact that he often gets photographed with the country’s president reinforces the perception of an influential man. But media reports, especially since the fuel subsidy bubble bust earlier in the year, have emphasized the liabilities of the son of a former governor of Lagos State.

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Frank Timis, Dahiru Mangal, Influence New Acreage Awards In Niger Republic

Frank Timis, Dahiru Mangal, Influence New Acreage Awards In Niger Republic

IP’s blocks are the most prospective after the Chinese operated leases.

In the end, the recently concluded award of licenses for nine hydrocarbon acreage in Niger Republic, came down to the influence of two people: Frank Timis, founder of International Petroleum, and Dahiru Mangal, the Nigerian owner of Persoil Trading and Maxx Air.

Imis, who has, through Africa Petroleum, built a substantial portfolio of acreages in deepwater West Africa, got his day in the desert by winning four acreages in the Sahelian country for his other company: International Petroleum(IP).

A Cabinet meeting on July 6, 2012 awarded Manga 1, Manga 2, Aborak and Tenere West to IP. All of the blocks awarded on IP are trending along the flanks of the trough where reserves have been discovered and currently under production in areas operated by the China National Petroleum Company.

Mr Timis, who is becoming one of the most aggressive hydrocarbon explorers in Africa’s frontier basins(His African Petroleum drilled two deepwater wells in Liberia in 2010/2011 and opened up the country with the first commercial discovery), had courted the Niger Republic president for months, flying into the country several times, according to reports.

Dahiru Mangal, the Nigerian businessman with the most extensive logistics operations along the Nigerian-Nigerien border, was able to get three blocks for Advantica  Gas &Energy and Labana Petroleum, companies linked to two former governors of states in Northern Nigeria.

Labana won Dibella 1, which adjoins CNPC operated  Bilma block to the east. Advantica was awarded the Manadaram Block, south of  I. P’s Aborak. Labana’s other award is Dallol, which is located in the far South west of the concession map.

Mangal’s companies have been responsible for transporting Nigeria’s Northern Pilgims to the Hajj for years and that is quite an important work in the context of economic issues in that part of the country. He was very close to Umar Musa Yar’adua, the late Nigerian president, but more crucially for these new awards, Mr Mangal is very chummy with Mahamadou Issoufou, president of Niger Republic.

Sirius Energy, another company linked with Nigerian owners, won the Grein block, which sits directly north of CNPC operated Tenere block. The Djado 1 permit went to Genmin Bermuda.

Faga Takes You To First Oil

Abraham Faga runs a company that serves as well design, drilling operations and well completions department for a host of homegrown Nigerian E&P firms. He is in a niche market. He brings to it a wealth of experience gained largely from his background working in some of the world’s most remote places for Schlumberger (the largest oilfield service firm on the planet) and the psychology of a structured E&P company which he learned in his 12 years working for Shell, the Anglo Dutch major who operates the largest hydrocarbon asset portfolio in Nigeria.

Oil majors working in Africa have the capacity to run their own drilling operations; from well design to completion.

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