Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Chappal Petroleum Development Company appoints Ufoma Joseph Immanuel as managing director

    Chappal Petroleum Development Company appoints Ufoma Joseph Immanuel as managing director

    January 14, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp

    Lagos — Chappal Petroleum Development Company, has appointed Ufoma Joseph Immanuel as the Managing Director effective January 2021.

    Ufoma is also one of the founding partners of Chappal, an ESG focused energy independent established to extract deep value from distressed brownfield Upstream opportunities in the Niger Delta region of Nigeria.

    Chappal Development Company will focus on the challenges faced in the continued development of mature assets, like produced water management, evacuation logistics, gas development, capex optimisation and infrastructure replacement.

    Prior to joining Chappal, Ufoma was the CFO of Energy Link Infrastructure (“ELI”) and instrumental in the milestone breakthrough for the organization as the first Nigeria company to have a Terminal Establishment Order and Oil Pipeline License issued to a single entity.

    At ELI, after pioneering the concept of the Alternative Crude Oil Evacuation System (“ACOES”) for the Oil Mining Lease Number 18 (OML 18) Joint Venture (Nigerian National Petroleum Company and Eroton Exploration and Production Company), he led the financing of the project and oversaw the development.

    The ACOES system is a 50-kilometer subsea pipeline to a dedicated 2 million barrel per day Crude Oil Floating, Storage, Offshore (FSO) Facility offshore Nigeria.

    Ufoma was the former Head of Corporate Finance and Strategy at Eroton Exploration and Production. He led the transition team at Eroton, following its acquisition of OML 18 from SPDC and oversaw hydrocarbon accounting, offtake and crude handling arrangements operations alongside the development and management of the opex and capex budgets for the asset.

    Ufoma was also responsible for managing the Reserve Based Lending Syndicate that executed successful hedging programs that saw Eroton avoid the oil price crash 2014-2017.

    Commenting on the appointment, Mr. Austin Avuru, the Chairman of Chappal, stated “Ufoma is a renowned industry professional with years of experience in financial planning.

    Over the past few years, he led notable projects for some organisations within the Nigerian oil and gas sector. With his extensive financial and managerial experience notably in the development and management of strategic opportunities, we are confident that Chappal will be rightly positioned to meet the expectations of its stakeholders.

    Follow us on twitter

    Related News

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    NEPZA, Federal Committee, Dangote Refinery FZE to crash petroleum products prices

    NNPC/First E&P JV achieves 10 million LTI-free man-hours across operations

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Stakeholders raise alarm over dangers of marine debris

    June 27, 2025

    NCDMB pledges oil industry support for Yikodeen safety footwear

    June 27, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 27, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 27, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.