Oil & Energy
SPDC Gets New Managing Director …Mutiu Sunmonu Retires
A new managing director
has been appointed for the Shell Petroleum Development Company of Nigeria Ltd (SPDC). He is Osagie Okunbor, and takes over from Mutiu Sunmonu who is retiring after 36 years of service.
Okunbor has also been named the country chair of Shell Companies in Nigeria, combining the two positions as his predecessor did. Okunbor is the third Nigerian to hold both posts.
A statement signed by Shell’s Corporate Media Relations Manager, Precious Okolobo, yesterday, indicated that Okunbor, a graduate of Business Administration from the University of Benin, is an accomplished professional, who brings over 28 years of industry experience and expertise to the role.
He has worked in Nigeria, the UK, Brunei and currently The Netherlands. His previous assignments included Vice President, Human Resources for Shell’s Upstream Business in Sub-Saharan Africa and Vice President, Infrastructure and Logistics Shell Nigeria. He is currently Senior Advisor in Shell’s Upstream International Operated business, based in The Hague, The Netherlands, from where he returns to Port Harcourt to take up his new role.
Commenting on the appointment, Vice President, Nigeria & Gabon, Shell Upstream, Markus Droll said: “We are delighted to see another Nigerian at the helm of affairs in Shell Nigeria. Mutiu has worked very hard over these years – managing production and setting a new agenda in dealing with communities, government and other key stakeholders. We’re confident that Osagie will consolidate and build on the progress we have made in the past years.”
Okunbor assumes office on 1st March, 2015.
Okunbor is married to Soala and they are blessed with children. He enjoys music and football in his spare time.
It would be recalled that Basil Omiyi became the first Nigerian to assume office as the managing director of SPDC in 2004, and also became the country chair of Shell Companies in Nigeria in 2008, the first Nigerian to hold both positions in the history of the leading international oil and gas company.
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Oil & Energy
Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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