Shell appoints Ronald Adams as MD for deep water subsidiary

Shell, the global oil giant, has appointed Ronald Adams as the new managing director (MD) of Shell Nigeria Exploration and Production Company Limited (SNEPCo), its deep water subsidiary in Nigeria.

Gladys Afam-Anadu, media relations manager at Shell, announced the new appointment in a statement on Tuesday.

According to the statement, Adams previously served as the chief executive officer (CEO) of Atlantic LNG Company in Trinidad and Tobago.

Afam-Anadu said Adams succeeds Elohor Aiboni, who is taking on an international assignment as asset director at Brunei Shell Petroleum (BSP).

According to the statement, both appointments are effective from October 1.

Osagie Okunbor, country chairman of Shell Companies in Nigeria, while congratulating Adams, emphasised the importance of consolidating and enhancing SNEPCo’s performance in deep water production and social investments across the country.

Okunbor also congratulated Aiboni for her outstanding contributions since taking over in August 2021.

He said her upcoming role in Brunei is another opportunity for contributing to the Shell Group.

Shell said Adams has 32 years of experience in the energy industry and has effectively navigated both Shell-operated and non-operated ventures through various commercial and technical challenges.

He holds a bachelor of science (BSc) in chemical engineering from the University of the West Indies and a master of business administration (MBA) from Herriot-Watt University in Edinburgh, Scotland, specialising in strategic planning.

“I’m excited about the opportunity to be part of SNEPCo’s success story. I look forward to collaborating with our talented team to deliver even more value to our stakeholders,” Adams said.

Reflecting on her tenure, Aiboni said it has been a great honour to work “alongside my colleagues and external stakeholders to build a safe, streamlined, and cost-disciplined business that leads in deep-water operations in Nigeria”.

Aiboni expressed gratitude for the invaluable support from Shell’s concessionaire and co-venture partners, which she said has greatly facilitated the company’s efforts.

On January 16, Shell announced it would sell Shell Petroleum Development Company of Nigeria Limited (SPDC), one of its Nigerian subsidiaries, for $1.3 billion.

The deal awaits regulatory approvals.