A Review of the Nigerian Energy Industry

New CEO for Nigeria LNG Ltd

01 January 2012, Sweetcrude, LAGOS – Mr Babs Jolayemi Omotowa will take over as new CEO of Nigeria Liquefied Natural Gas (NLNG) Limited, Africa’s biggest private industrial project, on Friday, January 28, 2012.

He replaces Chima Jonathan Ibeneche, who retires formally January 31, 2012 after putting in three years and 10 months with the NLNG.

In recognition of his service to the NLNG and the entire oil sector in Nigeria, the company has fixed to celebrate the outgoing Chief Executive Officer, Mr Ibeneche at an event on Friday, 28 January 2012.

The event will also mark the formal handover ceremonies to his successor, Mr Omotowa. The venue is the Atlantic Hall of the Hotel Presidential, Port Harcourt.

A statement from the Corporate Communications and Public Affairs office, and signed by the manager, Ifeanyi Mbaneto says the Nigeria LNG and its subsidiary companies – the Bonny Gas Transport Limited and NSML Ltd, on behalf of all their boards, management and staff, are grateful to Mr Chima Ibeneche for his innovative service to these organisations which they described as a monument of integrity and of dedication to principle.

Though Mr Ibeneche retires from active service at the end of the month, the statement noted that his service to the oil and gas, the religious and educational sectors etc that had benefited from his love and philanthropic service will not cease.

Mr Ibeneche is particularly noted for his outstanding work in domesticating deep-water, off-shore oil development technology in the country from which Nigeria is said to be reaping a whopping 225,000 bpd of crude oil for export from Bonga, a project he executed while at SNEPCo, among many others.

On his part, Mr Babs Omotowa, the new CEO was before his appointment, the Vice President, Health, Safety, Environment, Infrastructure and Logistics for Shell Companies in sub-Sahara Africa.

He joined SPDC in 1993 as a management trainee and rose rapidly to Head, Operations Support, Warri before proceeding on international assignment with Shell in United Kingdom. Holland and Norway, serving variously as Production Asset Manager, Shipping Manager and Business Improvement Manager.

Mr Babs returned to Nigeria in 2006 as General Manager Supply Chain for SNEPCo and SPDC and was subsequently appointed Director of SPDC in 2008.

He distinguished himself with his work on contracting of goods and service to support production operations, major projects and services across both JV and PSC operations. He also led the contractual processes on the EPC for the Gbaran Ubie gas project.

Both Messrs Chima Ibeneche and Babs Omotowa are married and blessed with three children respectfully.

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