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Aiteo Reshuffles Management Team, Appoints New MD

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By Dipo Olowookere

The executive management of Aiteo E& P Limited has been reorganised so as to bring about more productivity and efficiency.

In the restructuring announced by the oil firm, a number of critical appointments and reassignments were made in reaction to prevailing business environment.

According to the company, the reshuffling was carried out after a review of its operational and investment objectives.

Business Post learned that Mr Chike Onyejekwe, the pioneer Managing Director of Aiteo E & P Limited will be retiring from the company and will be replaced by Mr Victor Okoronkwo.

Currently Senior Vice President, Commercial & Gas for Aiteo E & P Limited, Mr Okoronkwo 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.

Also, Mr Emmanuel Ukegbu, the Chief Operating Officer of Aiteo E & P Limited, will 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.

In addition, 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, while Mr Uzoh Anijah–Obi, currently Treasury Manager, becomes Deputy Chief Financial Officer, Aiteo E & P Limited.

Chief Executive and Executive Vice Chairman of Aiteo Group, Mr Benedict Peters, 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,“…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…”

Mr 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 person-capacity to fit operational demands.”

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 added 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 goals that we have set for ourselves”.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Jobs/Appointments

Olumuyiwa Olumekun Commences Duty as NAHCO CEO

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NAHCO stocks

By Adedapo Adesanya

The Nigerian Aviation Handling Company PLC (NAHCO Aviance) has announced the appointment of Mr Olumuyiwa Olumekun as its new chief executive, with effect from January 1, 2025, following the retirement of Mr Indranil Gupta.

Mr Gupta concluded his tenure as the company’s CEO on December 31, 2024, marking the end of an era that saw growth under his leadership.

The company’s announcement, delivered via a notice to the Nigerian Exchange (NGX) Limited, confirmed the board’s approval of Mr Olumekun’s appointment.

He brings over three decades of leadership experience, which will help steer NAHCO through its next phase of growth. His career at the company includes key roles such as Group Executive Director of Corporate Services, where he played an instrumental part in driving the company’s 2019–2023 strategic plan.

This plan resulted in a 300 per cent increase in profitability. He brings his experience in business development and commercial strategy to bear.

His previous tenure as Acting Managing Director and Executive Director of Corporate Services contributed to the development of NAHCO’s operational success and long-term strategic direction.

Mr Olumekun also led the company’s efforts in driving new business opportunities during his leadership of the Commercial and Business Development sectors in 2019.

Since retiring from his active role at NAHCO in 2022, he has continued his involvement in the company as a non-executive director on the boards of its subsidiaries, helping guide their growth.

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Shell, Partners Absolve 49 Graduates After Internship

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NCDMB PETAN SPDC JV Graduate Internship programme

By Aduragbemi Omiyale

No fewer than 49 young graduates have been employed in the oil and gas sector after completing an internship programme, which began in 2022.

A graduation ceremony was held for them recently in Port Harcourt, Rivers State after finishing the NCDMB/PETAN/SPDC JV Graduate Internship programme, which has benefitted about 170 young graduates.

The initiative was created by the Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture in collaboration with the Petroleum Technology Association of Nigeria (PETAN) and the Nigerian Content Development and Monitoring Board (NCDMB).

During the internship, the fresh graduates are attached to indigenous technical oilfield service companies in the upstream and downstream sectors for hands-on experience.

The scheme, which was established in 2014, has been lauded as a key human capital development initiative which is central to the promotion of Nigerian content in the oil and gas industry.

At the graduation ceremony this month, the chairman of PETAN, Mr Wole Ogunsanya, commended Shell for supporting the programme which is helping to build local manpower for a critical sector of the economy.

The General Manager for Nigerian Content at SPDC, Mr ‘Lanre Olawuyi, said: “The internship is more than a learning opportunity. It provides fresh graduates with technical expertise, equipping them with the practical skills needed to excel in their careers.

“It aligns with SPDC’s broader educational initiatives, contributing significantly to the actualisation of the UNESCO Education for All agenda and the Sustainable Development Goals in Nigeria, particularly in the Niger Delta.

“We owe the success of the programme to the untiring support of our JV partners, the Nigerian National Petroleum Company Limited (NNPC,) TotalEnergies and Nigerian Agip Oil Company Limited for which we’re grateful.”

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Interocean Hires Robert Dalziel to Drive Middle East Growth

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Robert Dalziel Interocean

By Aduragbemi Omiyale

Mr Robert Dalziel has been picked to be the new Managing Director of Interocean Marine Services, as part of the strategies of the company to drive its growth in the Middle East and Asia Pacific (APAC) region.

A statement disclosed that Mr Dalziel was chosen for the task because of his in-depth understanding of Interocean’s operations and strategic objectives.

It was stated that his leadership would ensure a seamless transition into this new role, reinforcing the company’s commitment to delivering an integrated technology-led, asset support service.

He joined the organisation in December 2024. He had been the chief executive of Rigmar Group, which recently merged with Interocean, a specialist provider of marine services to the global energy industry.

He comes with nearly 30 years of engineering and business development expertise within the energy sector.

His extensive technical knowledge, coupled with a proven track record in commercial strategy, will be pivotal in driving Interocean’s ambitious growth plans across the Middle East and North Africa (MENA) and Asia Pacific (APAC) regions.

“We are thrilled to welcome Robert to the team. His exceptional leadership and proven success in driving business growth will be invaluable as we enhance our market presence, and continue to deliver exceptional service to our clients across the region,” the chief operating officer of Interocean, Mr Alex Clark, commented.

The appointee, while speaking, said, “I am absolutely delighted to be rejoining Interocean during this exciting period of growth.

“After nearly 10 years, it was a fantastic opportunity to be involved in the next evolution of the business. The company’s commitment to innovation and its client-centric approach is inspiring.

“I look forward to working with the talented team to drive continued growth and strengthen our position internationally.”

In line with its international expansion, Interocean is growing its MENA & APAC business, with plans to increase its regional presence in five new regions.

This investment demonstrates the company’s dedication to supporting both current and future projects while strengthening its regional capabilities.

Looking ahead to 2025, the company will continue to deliver a comprehensive range of project solutions that encompasses everything from planning, design, and installation to operational maintenance and decommissioning.

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