Group General Manager (GGM), of National Petroleum Investment Management Services (NAPIMS), Mr Dafe Sejeb, has inaugurated an Asset Management team for two indigenous oil firms, Seplat Petroleum Development Company and Belema Producing Limited, Vanguard reports.
Performing the ceremony at Belema Producing Limited in Port Harcourt, Rivers State, the GGM, who was represented by Mr Marcel Amu, commended the firms for coming together to manage OML 55, adding that the partnership will work.
President, Belema Producing Ltd, Mr Jackrich Tein, said that the Asset Management team with Seplat as the senior partner was a model for the firms to work. stressing that it would achieve the target values for all stakeholders. Chief Executive Officer, Seplat, Mr Austin Avuru, assured that with the Asset Management team in place, all parties will get value for their investment.