Page 15 - AfrOil Week 19 2021

AfrOil NEWS IN BRIEF AfrOil

assure international partners of the transparent Tony O. Elumelu, CON is the Chairman of
managements of raw materials at the level of the Heirs Holdings, the United Bank for Africa
extractive sector, and the allocation of resources (UBA), Transnational Corporation of Nigeria
and income that arise.” (Transcorp), and Founder of the Tony Elumelu
Rich in natural resources such as petro- Foundation.
leum and manganese, Gabon attributes 40% Sally Udoma, who previously served as gen-
of the country’s GDP to crude production and eral counsel for Chevron Europe, Eurasia, and
accounts for 11% of the world’s total production the Middle East Exploration and Production.
of manganese. A validation report from the EITI Previously, she was general counsel for Sasol
would prove beneficial for Gabon by present- Chevron Consulting and managing counsel at
ing the country as an attractive destination for the London Legal Service Centre for Chevron
potential foreign investors. Global Upstream and Gas. She has also served as
The EITI is a global standard supported by general counsel and general manager for Chev-
a coalition of governments, companies and civil ron Nigeria.
Blocks in this round are particularly well covered societies that aims to reinforce good governance Anil Dua is a founding partner at Gateway
by our 37,500 km of 2D data with well and field in the oil, gas and mineral sectors by enhancing Partners Limited, a private equity fund specialis-
ties. This comprehensive coverage includes all economic transparency and responsibility. ing in dynamic growth markets including Africa,
the blocks on offer. Energy Capital & Power, May 10 2021 the Middle East and Asia. Prior to this, Dua
PGS has a 22 000 km regional long-offset worked for over 35 years with Standard Char-
GeoStreamer 2D dataset and an additional 6 000 tered Bank in Asia, Africa, Europe and the US,
sq. km of 3D coverage offshore Egypt, offering an MOVES where he held various roles including Regional
important link between mature eastern acreage CEO West Africa and Regional Head of Origina-
and the western frontier. A PGS interpretation Heirs Oil & Gas tion and Client Coverage, Africa.
based on a basin modeling study that links the Ahmadu Kida Musa, who previously served
Nile Delta to the western frontier area is also announces CEO and as Deputy Managing Director of Total Explora-
available to fast-forward evaluations of explora- tion and Production Nigeria has over 32 years
tion opportunities offshore Egypt. board appointments of experience in the Oil and Gas industry and
PGS, May 11 2021 brings considerable expertise in Nigerian oil and
Heirs Oil & Gas (HHOG), the leading African gas.
integrated energy company, has announced the Stanley Lawson currently serves on the board
POLICY appointment of Osayande Igiehon as CEO, effec- of Transnational Corporation of Nigeria Plc. He
tive May 4, 2021, together with a distinguished is Managing Partner at Financial Advisory &
Gabon seeks to re-join EITI non-executive board, bringing together leading Investment Consultants. Lawson previously
industry figures, with considerable global and occupied the position of Group Executive Direc-
Eight years following the central-African coun- regional experience. tor-Finance & Accounts at Nigerian National
try’s exclusion from the Extractive Industries Heirs Holdings Limited’s (HH) portfolio Petroleum Corp. (NNPC).
Transparency Initiative (EITI), representatives company, HHOG, completed the acquisition of Samuel Nwanze is the Chief Finance Officer at
of Gabon’s government, oil companies and OML 17 in January 2021, in one of the largest oil Heirs Oil and Gas. Prior to this he was the Chief
non-governmental organisations are working and gas financings in Africa in more than a dec- Investment Officer at Heirs Holdings responsi-
together to draft documentation required to ade, with a financing component of $1.1bn. The ble for investment and capital management.
reintegrate the country into the organisation. transaction represents a further implementation Commenting, Igiehon stated: “HHOG rep-
Gabon has made its return to EITI a priority of the HH Group strategy of creating the leading resents an extraordinary opportunity to create
by improving transparency in the mining and oil integrated energy business in Africa. Through a Africa’s first true integrated energy company,
sectors, disclosing how revenues make their way series of strategic portfolio holdings, HH is exe- with a mission to ensure that Africa’s natural
through the government and how the govern- cuting this strategy. Most recently, affiliate com- resources are directed toward value creation
ance of these sectors benefits the public. pany, Transcorp made a $300mn acquisition of in Africa, powered by sustainable, robust and
Gabon was excluded from the EITI in 2013 Afam Power, increasing the Group’s installed abundant African energy. I am excited to join
for having been unable to produce reports on its electricity generating capacity to 2,000 MW. the Heirs Oil and Gas leadership team and
mining and oil revenues from 2009-2011. Rep- Igiehon, who joins from the Royal Dutch look forward to the opportunity to transform
resentatives from government have pledged that Shell, where he was previously a Vice-President the energy sector, purposefully address Africa’s
Gabon will not allow this to happen again and with the Group in the Hague, Netherlands. He energy needs and improve the lives of people
that the country hopes to rejoin the initiative by brings over 27 years of experience and expertise across Africa.”
the end of 2021. in the oil and gas sector with Shell, where he held The Chairman of the Board, Tony O. Elu-
A multi-stakeholder group session of the a series of senior management positions. Igiehon melu, CON, stated: “I am delighted to welcome
EITI Gabon was held on May 3, the aim of previously served as Chairman and Chief Exec- our new board members. We are building a role
which was to refine Gabon’s strategy to re-join utive Officer of Shell Gabon, where he led the model institution for African businesses and our
the initiative. successful turnaround of the operational, safety investment in human capital is a further strong
Appointed to lead the readmission process and financial performance. demonstration of our intent. The regional and
on behalf of the government, Léontine Tania HHOG is also pleased to announce the global expertise of our board members will serve
Oyouomi Loumbou Bibey stated: “The return appointment of the following distinguished to further drive value creation to our continent,
process shows the strong will to inform the pop- private sector and senior industry leaders to the as we execute our goal of becoming Africa’s larg-
ulation of the distribution of natural resources, to Board: est, indigenous, integrated, energy company.”

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