Mothercloud News

President Bola Tinubu has appointed Bayo Ojulari as the new Group Managing Director and Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited. His appointment was announced by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

Ojulari replaces Mele Kyari as part of Tinubu’s reconstitution of the NNPC Limited Board under Section 59 (2) of the Petroleum Industry Act 2021.

Here are 10 key facts about Bayo Ojulari:

1. State of Origin: Ojulari hails from Kwara State.
2. Previous Role: Before this appointment, he was Executive Vice President and Chief Operating Officer at Renaissance Africa Energy Company, where he led the $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC) by a consortium of indigenous firms.
3. Education: He is an alumnus of Ahmadu Bello University, Zaria, where he studied Mechanical Engineering.
4. Bonga FPSO Experience: Ojulari led the Turnaround Maintenance (TAM) team for the Bonga Floating Production Storage and Offloading (FPSO) facility.
5. Career Start: He started his career at Elf Aquitaine as Nigeria’s first process engineer before moving to Shell in 1991.
6. Shell Career: He worked at Shell Petroleum Development Company of Nigeria (SPDC) in various roles, eventually rising to Managing Director of Shell’s Deepwater Assets.
7. International Experience: His career spans across Europe and the Middle East, where he held positions in petroleum engineering, strategic planning, and asset management.
8. SNEPCO Leadership: In 2015, he became the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCO).
9. Industry Leadership: He has served as Chairman and Board Member of the Society of Petroleum Engineers (SPE Nigerian Council).
10. Professional Recognition: Ojulari is a Fellow of the Nigerian Society of Engineers (NSE) and is married with children.

His appointment is expected to bring extensive industry expertise and strategic leadership to NNPC Limited as Nigeria navigates its evolving energy landscape.