Thu 23 Oct 2014 at 18:00 PM
Nigeria: Changes in the Delta
Leslie Blair, Founder and Strategic Advisor of Eland Oil & Gas plc, Eland Oil & Gas
This event occurred on: Thursday, 23 October 2014, 6 p.m.
The first oil discovery in Nigeria was in 1956 by Shell-BP and production soared in the years after independence on October 1st 1960 and today averages over 2 million bopd although the mix has changed significantly in recent years with much lower onshore production and major new developments of deepwater fields.
The oil majors are actively selling onshore producing fields and a new class of independents has emerged in the Niger Delta , many of which are home grown and others like Eland are hybrids.
Are the risks worth it, at Eland we think so.
Leslie Blair, CEO, Eland Oil & Gas plc is a co-founder of Eland which listed on the AIM market on September 3rd 2012. He is based in Abuja in Nigeria. Prior to founding Eland he spent 12 years with Addax in Nigeria and Kurdistan and he has held a wide variety of senior executive positions in the UK, Spain, Libya, Vietnam, India, Nigeria, Kurdistan and Dubai. Mr. Blair spent nine years in Nigeria with Addax Petroleum from 1998 to 2006 latterly as Managing Director of Nigeria operations. In 2006 he was transferred as General Manager of the Operating Company for the giant Taq Taq Field in Kurdistan and in 2008 became Managing Director of Addax Petroleum Middle East Limited based in Dubai. Prior to joining Addax Petroleum in Nigeria, Mr. Blair held Country Manager positions with Enterprise Oil and British Gas in South East Asia. He graduated from the University of Aberdeen in Finance & Economics in 1974.