– NIGERIA, Victoria Island – LEKOIL Plc (LON: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, today announced the appointments of Pade Durotoye and Dr. Adeoye Adefulu (Ph.D.) to its Board as Non-Executive Directors, effective immediately.
They will also both be nominated to sit on the board of directors of Lekoil Nigeria Limited.
Concurrently, the Company announced an appointment agreement with Ms. Felicia Kemi Segun to be appointed on the board of directors of Lekoil Nigeria Limited, simultaneously with those of Mr. Durotoye and Dr. Adefulu.
“The Board is very pleased to welcome Mr. Durotoye, Dr. Adefulu and Ms. Segun to the Company, each of whom brings with them a wealth of commercial and legal expertise and knowledge. With each of the appointees being Nigerian nationals, experienced in the oil & gas industry in both Nigeria and internationally, I believe they will add significant depth and practical experience to the Board and the Company.” said Interim Chairman, Anthony Hawkins.
About Pade Durotoye
Pade Durotoye is the CEO and Founder of West Titan Energy. He has over 32 years of management experience across the value chain of the oil and gas industry internationally.
He began his career with Schlumberger Oilfield Services where he worked in various Management capacities in Field Operations, Operations Management, Line (Country) Management, Human Resources Management, and Business Development for close to 20 years in 8 countries in Africa, Europe, and Asia.
He served as the MD/CEO of Ocean and Oil Holdings Group, a principal investment and advisory services group, where advised on and in some cases led the company’s Management and Technical Services advisory contract with Oando. He was a core member of Oando’s Group Leadership Council and a key part of the company’s Upstream Diversification Strategy & Execution Team that acquired oilfield assets and drilling rigs.
Pade served as Managing Director/CEO of Oando Energy Resources, a position he held for over 8 years. In his capacity as MD/CEO, he led the team that delivered on the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips in 2014, making OER Nigeria’s leading Indigenous Independent Oil Company by production with over 40,000boepd of oil and gas and 16 participating Licenses in Nigeria and the Gulf of Guinea. He proceeded to join Nigerdock FZE as Managing Director/CEO, where he served for a year to strategically direct the organization.
Pade has a deep knowledge of the oil and gas sector and is passionate about resolving value traps in the industry. He holds a BSc. Electronics and Engineering from the University of Ife and is a member of several professional bodies and associations which include the Society of Petroleum Engineers, the Nigeria Society of Engineers, and the Institute of Directors
About Dr. Adeoye Adefulu
Dr. Adeoye Adefulu is a Nigerian qualified lawyer with 23 years of experience in private practice. He holds a Ph.D. in Natural Resources Law from the University of Dundee and specializes in advising on oil, gas, and power matters. Dr. Adefulu is widely regarded as an expert on the Petroleum Industry Act, having advised the public and private sector on the petroleum reforms, including being a member of the Nigerian National Assembly’s Technical Committee on Petroleum Industry Reforms up until the passage of the PIA. He is the Managing Partner and Head of the Energy Practice at Odujinrin & Adefulu, a leading law firm in Nigeria.
Dr. Adefulu is a member of the Association of International Petroleum Negotiators and is the Vice-Chairman of the Nigerian Bar Association’s Section on Business Law.
About Felicia Kemi Segun
Felicia Kemi Segun is Nigerian energy and project finance law expert with 30 years in corporate practice and over twenty-eight (28) years’ focused experience advising international and local companies in the Nigerian oil and gas sector.
Kemi is a Senior Partner and the Managing Partner of Dentons ACAS-Law where she also co-heads the firm’s Energy and Project Finance Practice Group. She is the immediate past chairperson of the Energy, Environment and Natural Resources Committee of the Section on Business Law of the Nigerian Bar Association, a member of the Association of International Petroleum Negotiators, the International Bar Association, the Nigerian Bar Association, and the Institute of Directors.
Kemi is a seasoned oil industry leader involved in several transactions of strategic importance to the Nigerian economy and whose participation in the development of the Nigerian oil and gas sector has been recognized locally and internationally. Kemi also sits on the board of other companies including Sasol Chevron Nigeria Limited and Rand Merchant Bank Nigeria Limited.
For more information: http://www.lekoil.com/
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