As an E&P professional, Ademola has over 25 years of E&P professional experience in the Petroleum Industry. Prior to taking up the role of Managing Director and CEO of FIRST E&P, he had a 5 year stint with BG Group Plc, UK as President/Managing Director for BG Nigeria’s business interests.
He had previously spent some 20 years with Shell International, and before that had early working life with Ashland Oil Company. Over the years, Ademola has acquired deep knowledge and excellent understanding of various aspects of the oil and gas business in a variety of roles; Business Director of Shell’s Nigeria Joint Venture (SPDC JV) where he was responsible for the business growth and venture management functions of the company, VP New Business, Africa within Shell International E&P, responsible for portfolio growth in Africa as well as General & Asset Management and Chief Technical roles across a number of countries. He has a sound understanding of the Nigerian oil and gas business environment.

LAGOS, June 29, 2017— Nigerian National Petroleum Corporation (NNPC) Group Managing Director Dr. Maikanti Baru, FIRST E&P Managing Director and CEO Ademola Adeyemi-Bero, and Schlumberger Executive Vice President Patrick Schorn, signed today a tripartite agreement for development of the Anyala and Madu fields under Oil Mining Leases (OMLs) 83 and 85, offshore Nigeria.

Under the agreement, Schlumberger will contribute the required services in kind and capital for the project development until first oil. The joint project team will leverage the technical expertise of Schlumberger and the extensive local knowledge of the partners.
The main hall of the Lagoon Restaurant on Ozumba Mbadiwe Avenue in Victoria Island, Lagos was the venue of the August edition of The Nigerian Association of Petroleum Explorationists (NAPE) monthly technical meeting sponsored by FIRST E&P. The Speaker for the event, Dr Saka Matemilola, Chief Petroleum Engineer at FIRST E&P presented a paper titled Petroleum Reserves and Resource Evaluation – Aligning the NNS with Global Standards. The presentation addressed the need to align Nigerian National Standards (NNS) with global standards.



















Dr. Enu received the Aret Adams award in recognition of his outstanding contributions to the field and practice of petroleum exploration and exploitation in Nigeria.
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FIRST Exploration and Petroleum Development Company Limited (FIRST E&P) acquired 40% participating interests in Oil Mining Leases (OMLs) 83 and 85 from Chevron Nigeria Limited (CNL). Both of these leases are located in shallow waters offshore Bayelsa State, Nigeria. The acquisition transaction for the 40% interests in both OMLs was completed in February, 2015. The Nigerian National Petroleum Corporation (NNPC) holds 60% participating interest in both OML 83 and OML 85.

OML 83 covers an aerial extent of 125 sq. km, with Anyala field as the only discovery within the acreage. Madu field which is the main discovery within OML 85, has an aerial extent of 521 sq. km. Anyala field is located at a water depth of 55m, about 45 km off the coast of Bayelsa State and 23 km from Madu field. Full 3D seismic data have been acquired over both OML 83 and OML 85 acreages. Although both Anyala and Madu fields have been extensively appraised, production is yet to commence from.

An integrated oil and gas development plan will be carried out for the Anyala and Madu fields, with an estimated potential recoverable hydrocarbons volume of 340 million barrels of oil equivalent on a 100% interest basis. The produced hydrocarbons will be processed offshore in Anyala field within OML 83, with first oil production planned for Q3 2016. Oil production is estimated to reach a plateau of 50,000 bopd and the produced gas will be supplied to the Nigerian domestic supply market.

The work programme for the assets will also include maturation of infield deep prospects in Anyala field within OML 83, as well as near field exploration prospects in Ato North, Ato South and Songhai, within OML 85.

Kola Karim is the Chairman of the Board of Directors of Shoreline Natural Resources Ltd. He has a proven ability to start companies from scratch and nurture them to success, an aptitude for spotting new business and creating new opportunities and is also adept at building and nurturing business partnerships with leading international companies. His current portfolio consists of businesses in the Construction, Commodity Trading, Oil and Gas, Engineering and Power sectors.

Kola Karim is also the current Chairman of the Board of Directors of Costain (West Africa) plc, Nigerian Ropes plc, and serves as director in seven other companies including Shoreline Power Company Ltd, Shoreline Energy International Ltd, Ecobank Nigeria plc, Schlumberger Testing & Production Services Nigeria Ltd, Trans Amadi Facilities Ltd, grange Education Ltd and African Eagles plc.

Kola Karim is a Young Global Leader 2008 Award Honoree.

He has being in private business for about twenty three years, working substantially in the energy sector worldwide. He is also the Chairman of Bresson A.S Limited one of Nigeria's pioneer Independent Power Producers and Chairman of Bresson Energy UK, an Oil and Gas company that also specializes in Independent Power Production in emerging economies. Likewise, Mr. Olawepo is the President of Transnational Energy Corporation, TEC in the USA, which specializes in Oil and gas exploration and trading.

A graduate of the University of Lagos Nigeria, he holds a Masters' degree in Global, Affairs from the University of Buckingham, United Kingdom, where he won the prestigious Max Bellof Award for Best Student in Global Affairs in his cohort. Mr. Olawepo trained at the International Human Resource Corporation (IHRDC) in Boston Massachusetts where he completed a certificate in International Petroleum Management. Mr. Olawepo has been recognized nationally and internationally.

He was awarded the Kwame Nkrumah's Leadership Award by The Africa Students Union (AASU) and the Veteran Award in Caracas, Venezuela in 2005 by the World Federation of Democratic Youths.

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.

Olayemi Cardoso - Chairman
Chairman - Citibank Nigeria
Former Board Member of Chevron Oil Nigeria Plc. (Downstream Company)
BSc Finance & Accounting - Aston University, UK
MSc Public Administration from Havard University

fredoooooo:


O to oro lo so ibk
Chic2pimp my handsome bro I sight you

shervydman:



shut up u Kenyan.............what do know about Nigeria and her policies?

laudate:

Why didn't you say that about the Igbo thread, at this link on NL :https://www.nairaland.com/3926379/igbos-most-industrious-innovative-richest? Or you were too short-sighted to see it? If the pictures of these Yorubas offend you so much, here - take two tablets of panadol & try to get over it.

Bifwoli:

Because unlike you we don't use it to advance ethnic chauvinism.This thread here is pure unadulterated drive to prove "we're better than them"

Gosh , i thank God i live outside Nigeria everyday coz of the ethnic hatred and "hollier than thou" attitudes one encounters .If its not you folks bragging and hating then its the Fulani clashing coz of invading what they see as their pasturelands.

MasterChen:
Why do these "am I Yoruba by the way" clowns enjoy disgracing their ancestors? They're always on threads where Yorubas are bashing those miscreants. You'll never see them discussing Yoruba progress, you'll never see them on threads where those miscreants are posting afonja, brown roof nonsense all over the place.

And why is that some Yorubas never respond to idiotic posts on FP threads especially on the first page. I think some people have no idea the number of people that visit this forum. Okay let's even say you don't want to be a tribalist. What about posts that are in accurate especially when it relates to Yoruba. You see clowns throwing figures all over the place. No one would respond until 3rd page. Wtfook!

If some names aren't online, it becomes a birthday party for potor miscreants

Omo, e weak me oh

Bifwoli:


This is what divides Nigeria very much .Endless of pictures of handpicked Yorubas being used to advance ethnic chauvinism.

MasterChen:
Why do these "am I Yoruba by the way" clowns enjoy disgracing their ancestors? They're always on threads where Yorubas are bashing those miscreants. You'll never see them discussing Yoruba progress, you'll never see them on threads where those miscreants are posting afonja, brown roof nonsense all over the place.

And why is that some Yorubas never respond to idiotic posts on FP threads especially on the first page. I think some people have no idea the number of people that visit this forum. Okay let's even say you don't want to be a tribalist. What about posts that are in accurate especially when it relates to Yoruba. You see clowns throwing figures all over the place. No one would respond until 3rd page. Wtfook!

If some names aren't online, it becomes a birthday party for potor miscreants

Omo, e weak me oh

Luxxor Gas develops a second CNG Mother Station

Having commenced the development of the largest private CNG Mother Station in Africa, a mighty 30,000 standard cubic metre per hour (scm/hr) designed production volume, in Ogijo, Ogun State, LuxxorGas has embarked on a new CNG Mother Station in Ota, Ogun State.

The development of the new CNG Mother Station with a production volume of 15,000scm/hr gives LuxxorGas a competitive advantage in the CNG industry, by potentially obtaining natural gas from two different gas suppliers; Shell Nigerian Gas and Nigerian Gas Company. This greatly increases the integrity of our gas distribution and gives our current and potential customers the peace of mind to confidently focus on their core competencies without having to worry about gas supply.

Having progressed through a rigorous three-round selection progress, from some good local competition LuxxorGas were selected as one of the two preferred partners to supply Compressed Natural Gas to the Lekki Free Zone Development Company (LFZDC), for its 12MW Power Station Project.

Lekki Free Trade Zone (LFTZ) will cover a total area of 16,500 hectares and is located in the Lekki Peninsula, about 60 km to the east of the city centre of Lagos.The Phase I Development of LFTZ, named as “China‐Nigeria Economic & Trade Cooperation Zone” (CNETCZ) covers approximately 1000 hectares (ha.), of which 780 ha. will be developed by the China‐Nigeria Joint Venture ‐ Lekki Free Zone Development Company (“LFZDC”). http://luxxorgas.com/news.php

scholes0:


IKR!!
Like seriously, where do they crawl out from?


Hhahaa, make no mistake they are always online and see all the other threads of Yoruba bashing but keep mute like awon eni ti won ti fi ori won gba paro!

After typing, they will be like "Oh, and by the way, I am Yoruba omo Oduduwa" Haha so typical.

Bifwoli:
Because unlike you we don't use it to advance ethnic chauvinism.This thread here is pure unadulterated drive to prove "we're better than them"

Gosh , i thank God i live outside Nigeria everyday coz of the ethnic hatred and "hollier than thou" attitudes one encounters .If its not you folks bragging and hating then its the Fulani clashing coz of invading what they see as their pasturelands.

scholes0:
Top brands to watch out for in 2017
Top 5 Brands to Watch in 2017

Someone do the honors to post The people and their companies.
http://glaziang.com/top-5-brands-watch-2017-chat-honorees-lanre-olusola-mitchell-elegbe-olakunle-soriyan/

laudate:

Mitch Elegbe is Edo.

popizaino:
When the entire igbo tribe is trying to measure up with the yorubas.

MasterChen:
Why do these "am I Yoruba by the way" clowns enjoy disgracing their ancestors? They're always on threads where Yorubas are bashing those miscreants. You'll never see them discussing Yoruba progress, you'll never see them on threads where those miscreants are posting afonja, brown roof nonsense all over the place.

And why is that some Yorubas never respond to idiotic posts on FP threads especially on the first page. I think some people have no idea the number of people that visit this forum. Okay let's even say you don't want to be a tribalist. What about posts that are in accurate especially when it relates to Yoruba. You see clowns throwing figures all over the place. No one would respond until 3rd page. Wtfook!

If some names aren't online, it becomes a birthday party for potor miscreants

Omo, e weak me oh

popizaino:
When the entire igbo tribe is trying to measure up with the yorubas.

hilroy:


I can see that you are very myopic and unexposed. First, Nigeria which southwest is part of is a 3rd world country, hence you can't rule out poverty. Even US that is a 1st world country has slums, ghetto and poverty not to talk of Nigeria. We Yorubas don't go about self-denying reality like you Osus that make everyone believe that your roads are tarred with platinum and gold whereas your region is the 2nd most impoverished region after the war ravaged Northeast.
You mention Makoko, Ijeshatedo, Agege, Bodija etc. But only if you know that these places are like heaven compared to majority of Igbo towns and villages like Ivo, Ezeagwu, Igbo-etiti, Nkalagu, Ogbunike, Ihiala, Ekwulobia, Ishiagu, Umudike, Akpakume-Nze, Umueke, Ahiara, Oji river, Abala etc. you will cry your eyes off. People are dying of hunger in Igboland on a daily basis, go there to help them and keep your worry about southwest to yourself we don't need them

JohnXcel:
Don't mind those flat.heads.

We've explained to them the difference between a trader and an entrepreneur, dey no wan hear!

Difference between an Igbo man and Yoruba man when it comes to business:


www.nairaland.com/attachments/5713224_differencebtwigboandyoruba_jpeg7828bdeacb74fde6c31147fc3b9e8f8f

kn23h:



Brilliant!!!! I couldn't have captured it this well.