By Kunle Odusola-Stevenson For decades, the playbook for the African oil and gas sector followed a predictable script. Multinational titans—the historical International Oil Companies (IOCs)—extracted crude from the continent’s rich subsurface, while local indigenous firms operated on the margins, constrained by a lack of capital, infrastructure, and deep technical expertise. Today, that old script is being rewritten. As global majors accelerate their exit from onshore and shallow-water basins across West Africa to satisfy European and American carbon mandates, a new breed of indigenous “super-independents” is stepping into the vacuum. At…
Read MoreSEPLAT’S NEW EMPIRE: EFFY OKON TAKES THE WHEEL AS CEO WHILE TONY ELUMELU STEPS IN AS CHAIRMAN TO BUILD AFRICA’S FIRST INDIGENOUS IOC
