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Home » Business » Petralon Energy appoints new board members
THE management of Petralon Energy Limited, PETRALON, has appointed Mr. Constantine Labi Ogunbiyi as Strategic Adviser, and Edith Unuigbe as Non-Executive Director to its Board of Directors. Petralon Energy is an Exploration and Production company based in Nigeria and with regional expansion plans into other African countries.
Its founders, directors and management have a proven track record in the indigenous Nigerian upstream oil and gas sector as well as with major international financial and oil and gas companies working in the sector. However, with a vast experience from the Nigeria Liquefied Natural Gas, NLNG, after 20 years of service as General Counsel and Secretary, Edith Unuigbe, is expected to replicate and further better operations for the company.
Unuigbe holds a Bachelor’s degree in Law from Obafemi Awolowo University, Ile-Ife and a Master of Law degree from Harvard Law School, in Cambridge, Massachusetts, USA. Ogunbiyi, founded First Hydrocarbon Nigeria Limited (FHN), where he served as Chief Executive Officer between 2009 and 2014. According to the company, “In the years before joining FHN, Labi Ogunbiyi functioned as Deputy Head of a leading American law firm Cadwalader, Wickersham & Taft LLP’s Africa Practice.
Speaking on the appointment, Founder & Chief Executive Officer, CEO, Petralon Energy, Ahonsi Unuigbe, said, “We are excited to be able to benefit from such strong and well-rounded experience, garnered from their many years within Nigeria’s energy sector.”
“We are confident that with this valuable addition, combined with the existing calibre of expertise and sound judgment from the board and leadership team, we are well on our way to supersede the goals and vision we have for Petralon Energy.”
“Also, we will benefit immensely from the depth of both prior experience in growing upstream businesses and attracting foreign investment. Petralon is an indigenous company with a cross-border outlook that builds on valuable partnerships for sustainable development. I also personally look forward to working closely with them again”
While both appointed sees the opportunity as a call to service, Ms Unuigbe said, “It is a privilege to be appointed to the board of an indigenous oil and gas company with such proven capacity and potential.
“I look forward to working with the Petralon board and management team, contributing to and learning from their expertise, as we work towards the vision of increasing indigenous participation across the entire spectrum of the oil and gas value chain in Nigeria.”
On his part, Labi Ogunbiyi added that, “This is an opportunity to support the growth of an indigenous company with an excellent track record of capital raising and executing on its development plans. I am delighted to be part of an exceptional team at the helm of Petralon at a very exciting time in the evolution of the indigenous oil and gas sector in Nigeria. I look forward to working with the team to achieve Petralon’s goal of becoming one of the largest indigenous producers in the country, while delivering collective value for all.”