Nigeria’s energy sector has witnessed a major leadership shift as Bayo Ojulari assumes the role of Chief Executive Officer of the Nigerian National Petroleum Company (NNPC).
His appointment follows the exit of Mele Kyari, who had held the position since July 2019, making him the longest-serving CEO of NNPC in the country’s democratic era.
Ojulari’s extensive experience in the oil and gas sector makes his appointment a strategic move as NNPC seeks to boost oil production beyond two million barrels per day while enhancing Nigeria’s energy value chain.
With over 34 years in the global oil and gas industry, Ojulari has built a reputation as a business leader with expertise in petroleum asset acquisition, exploration, field development, production management, and strategic investment.
His career began at Elf Petroleum Nigeria, where he worked as a Fields & Process Engineer.
He later moved to Shell, spending over two decades in leadership roles across Nigeria, Europe, and the Middle East.
One of his most notable achievements was his tenure as Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021.
Under his leadership, SNEPCo recorded a 20% increase in production, a 30% reduction in operational costs, and a 40% decrease in capital project costs.
His exceptional contributions earned the Bonga Asset the prestigious “Asset of the Year” award in 2016.
Ojulari steps into this role at a time when NNPC faces multiple challenges, including oil theft, pipeline vandalism, and the need to diversify Nigeria’s energy portfolio.
However, his ability to deliver results in complex environments positions him as the ideal leader for the company’s future.
In his previous role as Board Chairman of BAT Advisory & Energy Company, Ojulari provided executive-level business and technical advisory services.
He also played a key role in facilitating a $2 billion acquisition, strengthening his expertise in corporate strategy and investment evaluation.
Ojulari’s career has taken him across continents, providing him with a global perspective on the energy industry.
From his role as Associate Production Technologist in Nigeria to serving as Sub-Saharan Africa Regional Planner at Shell’s headquarters in the Netherlands, he has consistently demonstrated strong leadership skills.
His experience in managing energy assets in Nigeria, Oman, and Europe has equipped him with insights into efficient oil and gas production strategies.
Industry stakeholders are optimistic that his tenure will usher in a period of innovation and growth for NNPC.
With his background in mechanical engineering from Ahmadu Bello University and decades of hands-on experience in the industry, Ojulari is expected to drive NNPC toward increased efficiency and economic impact.
