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Oil magnate, Humphrey Idisi dies

By Jimitota Onoyume

PORT HARCOURT – OWNER of the first indigenous oil and gas drilling company in Nigeria, Lonestar Drilling Nigeria limited, Chief Humphrey Irikefe Saturday Idisi, is dead. A statement issued by his Lonestar firm in Port Harcourt and signed by the company’s secretary, Mr. Kunle Ovo Edun said the oil magnate died at a hospital in the United States of America after a brief illness. He was aged 64.

Continuing, the statement assured bankers and clients of the firm that the sudden transition of Chief Idisi who was Chairman/Chief Executive Officer of the firm would not affect the smooth operations of the company. “The management of Lonestar Drilling Nigeria limited seizes this opportunity to assure our bankers and clients that even with the exit of our Chairman/CEO, the company still has the wherewithal to continue uninterrupted service and meet its obligations”

“We wish to thank our bankers, clients and creditors for their patronage in the past and assure all of our determination not only to continue with the business, but to raise it to greater heights as a tribute to our fallen hero”

According to the statement, late Chief Idisi was a professional driller and industrious entrepreneur was also chairman/ chief executive officer of many other companies some of which were Fedison Nigeria limited, Aweto Guest Quarters Hotels limited etc. “He started his career in Shell in 1969 and later moved on to establish a water drilling company, Fedison Nigeria limited. And in 1994, he floated the first indigenous oil and gas drilling company in the country. Before his death the company rose to acquire four swamp rigs and three land rigs”

When Vanguard visited the company premises in Port Harcourt work was going on.  It would be recalled that the wife of the late Idisi was abducted sometime last year and later released.

The late Idisi hailed from Ethiope East local government area of Delta state.


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