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Belema oil, Seplat get Asset Mgt c’ttee on OML55

By Jimitota Onoyume

PORT HAR-COURT—  Group General Manager, GGM, of National Petroleum Investment Management Services,  NAPIMS,  Mr Dafe Sejeb, has inaugurated  an Asset Management team for two indigenous oil firms, Seplat Petroleum Development Company  and Belema Producing Limited.

Performing the ceremony at Belema Producing Limited in Port Harcourt, Rivers State, the GGM, who  was represented by Mr Marcel Amu, commended the firms for coming together to manage OML 55, adding that the partnership will work.

*Gas pipelines

President, Belema Producing Ltd, Mr Jackrich Tein, said that the Asset Management team with Seplat as the senior partner was a model for the firms to work.

stressing that it would achieve the target values for all stakeholders.

Chief Executive Officer, Seplat, Mr Austin Avuru, assured that with the Asset Management team in place, all parties will get value for their investment.

Continuing, he said the new team will create a robust secondary economy for host communities, adding that all segment of the stakeholders will benefit substantially. “What we are doing here represents  working partnership to operate an asset assigned by Cheveon. We  have come to inaugurate  the team. The key thing is to create value for all stakeholders. NNPC will earn it’s 60 percent, shareholders, NAPIMS and all other stakeholders should earn their due. Communities must benefit fro  the work we do. There will be  Job creation .We must create a secondary economy for all.”


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