Belemaoil Producing Limited has unveiled Ahmadu Sambo as its new Managing Director/Chief Executive Officer and Emmanuel Onos as its new Chief Finance Officer. The appointments aim to drive transformational growth and realize the company’s shared vision.

According to Founder and President Tein T.S. Jack-Rich, “We are on the threshold of rapid recovery, transformational growth, and industrial boom to realize our shared vision and deliver superior value to shareholders.”

The new appointees bring over 70 years of combined experience and impeccable track records in Nigeria’s oil and gas industry. Jack-Rich explained that the move aims to reset Belemaoil as a world-class E&P company and ensure it becomes the best public enterprise for Nigeria and international equity investors.

With over 1.2 trillion proven gas reserves, Belemaoil is poised for multibillion-dollar cash flow and higher profitability for all shareholders. Jack-Rich added, “We have no choice than to dream big and break new business boundaries beyond our eyes, for shareholders. I know our critics will say that this task is herculean. And I know you can deliver for yourself, for Nigeria’s sake, our investors, as well as the community that sees Belemaoil as its model.”

New MD/CEO Ahmadu Sambo pledged to implement transformative reforms and drive rapid growth for the benefit of all shareholders. He promised to adopt an all-inclusive approach to achieve the objectives of indigenous participation in Nigeria’s oil and gas industry.

The appointments take effect from September 1, 2024.