29 March 2017, Sweetcrude, Lagos — Seven Energy Finance Limited, with its parent company Seven Energy International Limited has appointed Manish Maheshwari as Chief Executive Officer to succeed Phillip Ihenacho.
Phillip Ihenacho had informed the Company in 2016 of his wish to step down from a full-time executive role with the Company.
Manish Maheshwari has over 22 years’ experience in the oil and gas sector, most recently as Chief Executive Officer of Essar Exploration & Production, and prior to that as Managing Director of Hindustan Oil Exploration Company Limited, a subsidiary of Eni SPA.
In his previous assignments, the company said Manish has been instrumental in turning around and delivering multi-fold growth from onshore and offshore assets in a safe, timely and cost-effective manner.
Manish has been involved in negotiating Production Sharing Contracts with Governments, Joint Operating Agreements with National & International Oil Companies, Crude Oil Sales Agreements, Gas Sales Agreements with aggregators and end users, as well as successfully completing several farm-in and farm-out arrangements.
Manish brings rich experience overlapping technical, commercial and financial domains in emerging economies. Manish has a Bachelor (Hons.) in Engineering and a Masters in Business Administration from Strathclyde University and has been a member of several professional bodies including the Society of Petroleum Engineers (SPE) and Association of International Petroleum Negotiators (AIPN).
Phillip Ihenacho, the outgoing Chief Executive, said: “I am very pleased that we have succeeded in attracting such a high-quality Chief Executive for the Group. As we enter the next phase of the Group’s development, Manish brings all the relevant industry experience to deliver our strategy and I personally look forward to working closely with him.”
Manish Maheshwari, the incoming CEO said: “I am delighted to join Seven Energy Group, which is uniquely positioned as an integrated gas company to meet the growing energy demands of the domestic sector in Nigeria. I look forward to working closely with the various stakeholders in defining and delivering strategy aimed to position the Group on a path of sustainable and value accretive growth.”
Matthew Harwood, Chairman said: “Over the past five years Seven Energy has delivered on its promise to develop an integrated gas business in south-east Nigeria and I thank Phillip for his outstanding contribution in achieving this goal. I am delighted to welcome Manish Maheshwari to Seven Energy and look forward to working with him and benefiting from his wide experience in the industry.”