Brown Replaces Avuru At Seplat Oil
UMORU ABDULKADIR
Seplat Petroleum Development Company PLC has announced the unanimous selection of Roger Brown as CEO designate to succeed its pioneer managing director, Austin Avuru effective July 2020 .
Avuru who has led the company for 10 years has now paved the way for Brown who will lead the Company in her latest aspirations and restructuring efforts from now till July 2020.
The Company’s secretary, Edith Onwuchekwa in a statement Monday, noted that Avuru’s 10 years tenure as the Managing Director and later CEO, led the development of a strong organization, the deployment of agile systems, processes and stakeholder relationships that allowed the organization to grow rapidly from a gross production of 22,700 barrel of oil equivalent per day (boepd) as at December 2010 to peaks of 111,368 boepd gross production as at December 2018 through major drilling campaigns and major new Oil and Gas plants development.”
Avuru championed the acquisition of 40 percent of OML 53, post Company’s IPO of 2014 and also created an opportunity for partnership with NNPC, to spur a mid-stream subsidiary, ANOH Gas Processing Company Ltd into a projected outlook of 300MMscf/d of Gas, 22,500bdp of condensate and 1,200boepd of LPG processing Company.
Following his numerous achievements while piloting the affairs of the oil and Gas Company, The Board of SEPLAT expressed gratitude to him even as look forward to his continued service at the Board level.
Brown joined SEPLAT in 2013 as the CFO and played a Key role in the successful dual listing of the Company in 2014. Similarly, since joining the Company, he has played significant roles in various asset acquisitions by the Company.
He brings to the CEO role, a deep knowledge of the Company in his 6 years as the CFO and a member of the Board. He has strong financial, commercial and M&A experience as well as proven people skills which will be an asset as the Company embarks on the next phase of its growth plan.
Before joining SEPLAT, Brown was an advisor to the Company since 2010 while he was the Managing Director and head of EMEA Oil and Gas at Standard Bank Group. While at the bank, he was instrumental in providing advice and deploying capital across the African continent in the Oil & Gas, Power & Infrastructure and the renewable energy sectors.
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