INDUSTRY NEWS
Aiteo Announces Senior Leaership Appointments By Margaret Nongo-Okojokwu
Chevron confirms Fire incident at Ojumole Well 1 Firm Reiterates Commitment to Protecting People and Environment
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ollowing a review of its operational and investment objectives and in reaction to prevailing business environment, Aiteo has restructured its executive management, naming a number of critical appointments and reassignments. In a statement signed by the company’s spokesperson, Mr Ndiana Matthew and made available to Majorwaves Energy Report; the appointments were confirmed by Aiteo’s Chief Executive and Executive Vice Chairman, Mr. Benedict Peters, who explained that the organisation had undertaken the exercise driven by the necessity to realign its considerable interests across the various sectors within which it currently operates, in his words; “…to make the investment arms of the various businesses more effective; galvanise and enhance collective productivity to demonstrate visibly profitable outcomes for the ultimate benefit of its considerable stakeholders…” Peters further observed that “… the uniqueness of the Group demands that an infusion of important impetus is given the necessary momentum by recognising as well as empowering key positions within the Group and realigning its considerable personcapacity to fit operational demands”, he said. He further stated,“… I am delighted to confirm that we have been able to harmonise such a talented team to deepen and embolden the growth and future of our businesses, direction of which has been predicated on the urge to enhance innovative, new approaches to the beneficiation of resources across the Energy landscape.” Mr. Peters further confirmed that “…we have always prided ourselves in housing a strong blend of skills which has been central to the attainment of our investment objectives. These appointments bring together important experiences as well as industry initiative, policy, technical and financing skills. Most importantly, it maximizes the strong energy among the team to provide material impact in sustaining refreshing, creative conviction to our approach to achieving the very lofty
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Majorwaves Energy Report
By Margaret Nongo-Okojokwu goals that we have set for ourselves”. The leadership restructuring saw Mr. Chike Onyejekwe, the pioneer Managing Director of Aiteo E & P Limited who would be retiring from the company, being replaced as Managing Director by Mr. Victor Okoronkwo. Currently Senior Vice President, Commercial & Gas for Aiteo E & P Limited, Victor brings over 30 years of Oil and Gas experience to this position. Prior to joining Aiteo, he worked in various leadership capacities with the Shell Group in Nigeria and abroad as General Manager. Mr. Emmanuel Ukegbu the Chief Operating Officer of Aiteo E & P Limited will also be retiring from the company. In related moves, Mr. Emmanuel Ogagarue currently General Manager, Assets will become the Director in charge of Asset Development and Engineering. Mr. James Iwoh will become the Director in charge of Production and Operations, from his current position as General Manager, Operations. Mr. Mitchell Uchegbulam the current Chief Financial Officer becomes Group Head, Planning, Budget and Implementation and will report to the Group Office. Mr. Taiye Eyewuoma, presently General Manager Joint Venture & Project Management, becomes Acting Chief Financial Officer, Aiteo E & P Limited. Mrs. Osareme Archibong, current Deputy Chief Financial Officer/ Head Corporate Finance, becomes General Manager, Joint Venture Finance, Aiteo E & P Limited. Mr.Uzoh Anijah–Obi, currently Treasury Manager becomes Deputy Chief Financial Officer, Aiteo E & P Limited. All appointments are to take immediate effect.
MAY- JUNE 2019, Vol 2 No 3
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hevron Nigeria Limited has reiterated its commitment to protecting people and environment just as well as confirming there was fire incident at Ojumole Well No 1 on April 18 Chevron Nigeria Limited, CNL, operator of the joint venture, JV, between the Nigerian National Petroleum Corporation, NNPC, and CNL, NNPC/CNL JV, confirms that at about 10:00 p.m. on Thursday, April 18, a fire was observed at the Ojumole Well No. 1, an idle and plugged well with no flowline connected to it. Ojumole field is in NNPC/CNL JV’s Western Niger Delta area of operations. CNL conducted an overflight to evaluate the fire and also mobilised emergency responders to assess the site, contain the fire and boom the area. In addition, CNL notified community stakeholders about the incident and also reported it to the Department of Petroleum Resources, DPR, National Oil Spill Detection and Response Agency, NOSDRA, and other regulatory and security authorities. A joint Investigation visit, JIV, to the site of the incident on Saturday, April 20, by a team made up of regulatory agencies, community stakeholders and CNL, determined that the fire incident was caused by third-party interference. There was no impact to any of the neighboring communities. A statement signed by Esimaje Brikinn, general manager, Policy Government and Public Affairs, Chevron, and made available to Majorwaves Energy Report on recently said “CNL is currently working with contractors to safely put out the fire as quickly as possible. “CNL remains committed to the safety of the communities and the environment in its areas of operation. We continue to conduct our operations safely, reliably and efficiently, with utmost consideration for protection of people and the environment”. www.majorwavesenergyreport.com
