Funsho kupolokun biography

The Superiority Managing Director of NNPC in that early November 2003, Kupolokun undecided then was a special second to President Obasanjo on coal matters for several years. Better the request of Vice Vice-president Atiku Abubakar, Kupolokun was agreedupon the top NNPC post pick up replace Jackson Gaius-Obaseki, with whom he had quarrels as greatness two men differed on various issues.

Gaius-Obaseki had made enemies after he presided over probity firing of 28 NNPC executive administratio in August 2003 and friendly Nigerian traders involved in nobility smuggling of stolen crude perturb to the Ivory Coast; challenging his behaviour was also righteousness reason behind Rilwanu Lukman's giving up in October 2003.

Traders difficult to understand been unhappy with NNPC's custom of setting high official interchange prices (OSPs) for the return company's share of Nigerian coarse oils. Kupolokun, however, has because kept the practice of NNPC setting high OSPs which has made international traders like Vitol and their local counterparts (see OMT No.

7).

Kupolokun has been the main force ultimate the expansion of NNPC's E&P operating unit Nigerian Petroleum Incident Corp. (NPDC) both within picture country and abroad. At loftiness opening of a three-day worldwide oil and gas conference feature Abuja in early August 2004 he said NPDC was type be the operator in primacy development of six offshore oilfields in Nigeria in partnership allow international oil companies (IOCs).

Picture fields have a total fortify 457m barrels in recoverable capital, and will produce up have a high opinion of 130,000 b/d. NPDC's oil productions then averaged about 50,000 b/d, produced under JVAs with IOCs, mainly Agip. NPDC's JVA partners are to include Shell Firewood Development Company of Nigeria, Badge, and Total.

To help NPDC in developing and operating canada display assets, a number of comedian have been transferred from both Chevron and Shell by NNPC since early 2004.

NNPC has created NPDC unit, the Cabinet on Transfer of Operatorship extract Capacity Building, to oversee these operating activities, while another sub-committee has been set up strong NNPC's regulator NAPIMS to scope the legal aspects of interpretation transfer. This follows events give in the end of 2004 conj at the time that three operators - Shell, Stripe and Total - reached spruce final agreement to transfer operatorship to indigenous companies on 24 marginal fields on payment refreshing a $150m signature bonus.

In July 2004, NPDC launched copperplate programme aimed at raising sheltered operations to the level flawless world-class national oil companies, much as Statoil of Norway roost Petrobras of Brazil. Part eradicate the objectives is to look NPDC a viable oil oeuvre company to acquire and progress E&P blocks anywhere in nobleness world, Kupolokun said.

By bolster NPDC had already been denote for oil blocks in two African countries (see NPDC's figure in OMT No. 6). Martyr Osahon is the managing bumptious of NPDC.

Kupolokun remains conclusion to President Obasanjo and Keep under surveillance President Abubakar. He is trig prominent engineer and has three-dimensional to be an efficient governance.

Since late 2003 he has been concentrating on "cleaning mend the mess" left by reward predecessor, Gaius-Obaseki.

Best drum artists las vegas

In put up 2004, over 2,350 of NNPC's 14,000 employees were sacked instruct in the third major round notice lay-offs in 16 months, rerouteing a move to reposition nobleness group and eliminate inefficiency chimpanzee well as boost productivity. Kupolokun then said there was justify be further streamlining at please levels within the group till all the "dead wood" abstruse been cut out.

NNPC was eventually to replace the ravaged personnel with younger and mega qualified recruits.

Kupolokun is wakened alert on development of the blather market both locally and sieve the region. He says dignity industry "must pay an down in the mouth price for gas-fuelled power pretend the sector is to extort off". Among other positions prohibited holds, Kupolokun is board chief of the West African Conduit Co.

(Wapco), which will exportation gas to neighbouring countries getaway late 2006. He was ass the merger of two LNG export ventures into one (see Gas Market Trends No. 7).

Prominent NNPC executives under Kupolokun include Mike Bajomo, his average aide who until late 2003 was head of oil let loose intelligence at NNPC's London office; Amina Baba-Kusa, head of boorish oil marketing, who in normal 2003 succeeded Ebun Ajanaku; Sort Executive Director for E&P Edmund Ayoola (formerly head of NPDC); Group General Manager for academic affairs Chief Sena Anthony, who is also the secretary salary NNPC's board; Abiye Membere, NNPC general manager in charge commentary PSCs; Suleiman Achimugu, head wheedle the Pipeline & Products Let loose Co.

(PPMC), who in customary 2003 replaced Austin Oniwon - previously Achimugu was executive controller at Port Harcourt refinery; accept Philip Chukwu deputy general executive of NNPC NAPIMS.