Heritage Oil Limited (HOL) has appointed Adogbeji Oseragbaje as its new Chief Executive Office.

The appointment took effect from 14^th July.

The oil firm said Ado will also lead HOL’s Nigerian operations as Chief Executive Officer of Heritage Energy Operational Services Limited.

General Manager, Government, JV and External Relations, Adesola Adebawo, said Ado brings 25 years of global leadership experience in the oil and gas business and joins the firm from Baker Hughes where he was Vice President covering Sub-Saharan Africa.

He has previously held senior positions at General Electric and Schlumberger, across the world.

Speaking on the appointment, Chairman of HOL, Michele Faissola, said: “Ado brings a wealth of experience to the role that will be of huge benefit to the company and its stakeholders, particularly in Nigeria. We are delighted to appoint a person of Ado’s caliber as our new Chief Executive Officer.”

“This is an exciting time for Heritage as we look forward to investing and growing our business,” Faissola said. “I would also like to thank Naeem for nearly five years of service to the company and for agreeing to facilitate the handover.”

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Ado holds a Master’s degree in Petroleum Engineering from Imperial College London and a Diploma in Real-Time Oilfield Project Management from Heriot-Watt University Scotland.

Commenting on his appointment, Ado said: “I am excited to join the Heritage team. The company has a diverse portfolio, world class assets, the potential for future expansion and an ambition to join in addressing the dual challenge of energy security and sustainability. I think we are a great fit and I’m looking forward to this opportunity.”

Meanwhile, Naeem Atiq Sadiq has stepped down from his current role as Chief Executive Officer of HOL and HEOSL but will remain with the company for an interim period to facilitate a smooth handover to Ado.

Heritage Oil is an independent oil and gas exploration and production company. It aims at identifying potentially lucrative regions that have been overlooked and participating in their development as early entrant.

The company’s portfolio includes producing fields in Nigeria.

Heritage Oil was founded in Canada in 1992 and was acquired by Energy Investments Global Ltd in 2014.

The Star