NIGERIA - Profile - Steven Ollereanshaw.
Ollereanshaw faced an extremely difficult situation as he took over in early March 1997, because then oil minister Dan Etete intervened in Italy without prior agreement with NLNG's board to solve a dispute with Enel over LNG purchases. The crisis took a dangerous turn after Etete withdrew the NNPC directors from NLNG's board and in July 1997 gave the partners an ultimatum. Van den Berg and other Shell heavyweights, including Oerlemans, rushed to help Ollereanshaw in dealing with the problem. To repeated verbal attacks by Etete, the response of Ollereanshaw and his senior colleagues was "the less said the better". The problem was solved in a new 22-year accord signed on Dec. 31, 1997, with NLNG to deliver 3.5 BCM/y of LNG to the Gaz de France terminal of Montoir and GdF to give Enel an equal volume of Algerian and Russian gas by pipeline from France to Italy.
(Oerlemans became chairman and CEO of Nigeria LNG in late 1993 to help get the project off the ground. Until then he was head of Shell's gas businesses in South-East Asia, Australasia and the CIS, including the giant oil/LNG venture on Russia's Far Eastern island of Sakhalin. He had joined Shell in 1965 after graduating from Delft University in the Netherlands).
NLNG's shipping unit, Bonny Gas Transport (BGT), is to get two LNG tankers to be built by Hyundai's shipyard in South Korea under a $400m deal. The ships will each have a capacity of 138,000 cubic metres and will serve deliveries from NLNG's third train which will be on stream in the second half of 2002.
|Printer friendly Cite/link Email Feedback|
|Comment:||NIGERIA - Profile - Steven Ollereanshaw.|
|Publication:||APS Review Gas Market Trends|
|Date:||Aug 23, 1999|
|Previous Article:||NIGERIA - Shell - Ron van den Berg.|
|Next Article:||NIGERIA - Mobil - Paul Caldwell.|