Financial Energy Review
.,…….by Ben Ndubuwa……..
Shell has announced the appointment of Ronald Adams as the new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo). Adams, the former Chief Executive Officer of Atlantic LNG in Trinidad and Tobago, officially assumes the role today, October 1st. He replaces Elohor Aiboni, who has been appointed as Asset Director at Brunei Shell Petroleum (BSP), embarking on an international assignment.
Osagie Okunbor, Country Chair for Shell Companies in Nigeria, welcomed Adams, stating, “I’m pleased to welcome Ronald to Nigeria to consolidate and further improve the outstanding performances of SNEPCo in deep-water production and life-changing social investments across Nigeria. I wish to congratulate Elohor for the outstanding deliveries since she took over in August 2021. The assignment in Brunei is another opportunity for excellent contributions to the Shell Group.”
Adams, a 32-year veteran in the energy sector, brings a wealth of experience, having successfully managed both Shell-operated and non-operated ventures. He holds a BSc in Chemical Engineering from the University of the West Indies and an MBA specializing in Strategic Planning from Heriot-Watt University, Edinburgh. Speaking on his new role, Adams expressed his enthusiasm: “I’m excited at the opportunity to be part of the success story of SNEPCo and look forward to joining the team of talented staff to deliver even more value to stakeholders.”
During her tenure, Aiboni led SNEPCo to achieve several milestones in deep-water production. Reflecting on her time as Managing Director, she said: “It has been a great honour to work alongside colleagues and external stakeholders in our modest efforts to build a safe, simpler, and cost-disciplined business that continues to lead the way in deep-water operations in Nigeria.”
SNEPCo, which pioneered deep-water development in Nigeria, began production in 2005 with the Bonga field, utilizing the Bonga Floating Production, Storage and Offloading vessel with a capacity of 225,000 barrels per day.
