Ibiyemi Asaolu
MD
NNPC-18
A visionary energy executive with over 30 years of Upstream experience, in field development, project delivery, asset management, corporate planning and cutting edge technology across land, shallow and deepwater terrains across Africa, North America, and Europe. Prior to her appointment as Managing Director of NNPC Eighteen Operating Limited (NEOL), Ibiyemi held several strategic technical and leadership positions at Texaco Overseas, Chevron and Shell Petroleum. she also had a stint of consulting for indigenous and international E&P companies, giving her a broad perspective of organizational strength and challenges. As MD of NEOL, she is leading a transformation agenda focused on operational excellence, production growth, value creation and organisational resilience by leveraging her extensive industry experience which spans asset management, business strategy and stakeholder engagement. Since taking the helm at NEOL, Ibiyemi has driven significant operational and financial transformation. Under her leadership, the company grew production from 17 kbopd to a peak of 36kbopd. Her focus on cost discipline and value creation delivered circa US$50 million savings in financial liabilities, with a 30% reduction in unit operating cost within a year. Her leadership is anchored on accountability, collaboration and sustainable value creation, with a clear ambition to position NEOL for the next phase of growth towards 70 kbopd and 50MMsccf/d of gas production.