Dr. Ambrose Bryant Chukwuemeka Orjiako, sometimes known as ABC Orjiako, is a qualified medical doctor-turned-business magnate and billionaire with holdings in oil and gas, shipping, banking and insurance, and the pharmaceutical industry.
According to a press release issued by the Presidency in Abuja, President Muhammadu Buhari, who also serves as Nigeria’s Minister of Petroleum Resources, approved the acquisition of Exxon Mobil’s Nigerian oil assets for $1.28 billion.
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The purchase was initially announced by Seplat Energy, a renowned indigenous oil exploration business listed on the Nigerian Exchange and the London Stock Exchange, in February of this year.
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Exxon Mobile would get a $1.28 billion upfront payment for the purchase, as well as an extra $300 million from Seplat over a five-year period. However, additional considerations such as oil price and average output of oil assets over the time will be taken into account.
Exxon Mobil stated that the divestiture, which comprises more than 90 shallow-water oil properties and 300 producing wells, was in line with the company’s new investment strategy.
ABC Orjiako is the Chairman and Co-Founder of SEPLAT, a prominent Nigerian independent oil and gas firm traded on both the London and Nigerian stock markets with a strategic focus in Nigeria’s Niger Delta.
He founded and managed many enterprises in Nigeria’s oil and gas industry’s upstream, downstream, and service sectors. Abbeycourt Trading Company Limited, Abbeycourt Energy Services Limited, Zebbra Energy Limited, and Shebah Exploration and Production Company Limited are a few examples. He is also involved in building, real estate development, medicines, and shipping. After eleven years of active medical practice, he transitioned into full-time business in 1996.
SEPLAT was created in 2009 by his companies Shebah Exploration and Production Company and Platform Petroleum Limited. He has served as Chairman from the company’s foundation, overseeing new business growth and providing strategic and stakeholder leadership. Under his leadership, the firm has grown into a highly recognized Nigerian Independent, achieving significant milestones like as successfully concluding historic acquisitions, massively increasing oil and gas production, and becoming a well-run company with strong and transparent governance.
In five years, he has guided the firm to slowly emerge as a worldwide brand while exceeding its extraordinary growth ambitions. In 2014, the business pioneered dual listing of its shares on the Nigerian and London stock markets under his leadership. SEPLAT recently received the Best Africa Listing 2014 award from Africa Investors (Ai), the “Mid-Cap Company of The Year 2014” award from the Oil and Gas Council, and was recognized a “Global Growth Company 2014” by the World Economic Forum in 2014.
Dr. ABC Orjiako serves on the boards of many firms, including Neimeth Pharmaceutical International plc, which is listed on the NSE; MPI, which is listed on NYSE Euronext Paris; and Leadway Assurance Company Limited. He was invited by the London Stock Exchange to become a founding member of the London Stock Exchange Group’s Africa Advisory Group (“LAAG”), a select group dedicated to generating and channeling ideas and problem solving for issues affecting the African continent from a commercial and social standpoint.
In 1996, he established the Daniel Orjiako Memorial Foundation (“DOMF”) in memory of his late father, Chief Daniel O. Orjiako, solidifying his strong dedication to charity. Since its founding, the DOMF has implemented various programs in rural Nigerian communities aimed at providing welfare and breaking the cycle of poverty via education, healthcare, and economic empowerment through agriculture.
In honor of his humanitarian efforts, Pope John Paul II conferred the Order of St. Gregory the Great on him in 2003. (KSGG).
He has garnered various accolades and recognitions for his humanitarian work and business success. Among these notable awards are the Distinguished Alumnus Award and Doctor of Sciences (D.Sc. Honoris Causa) conferred on him by the University of Calabar, Nigeria in 2001; the Platinum Award of the West African College of Surgeons in 2006; National Honours as an Officer of the Federal Republic (“OFR”), conferred on him by the President of Nigeria in 2012; and the coveted Zik (Nnamdi Azikiwe) Prize in the Professional Leadership category by the Public
Early Years Of ABC Orjiako
Ambrose Bryant Chukwuemeka Orjiako was born on October 2, 1960, in Calabar, Cross Rivers State, to an Igbo family of late Mr Daniel Obiesie Orjiako and late Mrs Rebecca Orjiako from Umuchima, Uli Anambra State.
Education History Of ABC Orjiako
He received his elementary school in Uli and his secondary education as a science student in 1978, both in Anambra State, Nigeria.
Dr ABC Orijako was a talented student who led his secondary school class. He was admitted to the University of Calabar to study Medicine and graduated as one of the top students in 1985. As a student, he served as Director of the International Federation of Medical Students, African Region, and as Chairman of the African Medical Students Association’s Standing Committee.
He went on to become an orthopaedic surgeon, a trauma treatment expert. After several years of practice, he was named a member of the West African College of Medicine as well as the Nigerian Postgraduate Medical College.
He trained as a General Surgeon at the Lagos University Teaching Hospital after receiving his M.B.B.Ch. degree in 1985 from the College of Medical Sciences, University of Calabar, Nigeria.
In 1996, he became a fellow of the West African College of Surgeons after subspecializing in orthopaedic and trauma surgery. He graduated from Harvard Business School’s OPM program in 2006.
Children and wife of ABC Orjiako
ABC Orjiako is happily married, and the couple has four children. The rich businessman is interested in charitable endeavors.
SEPLAT Petroleum Development Begins
SEPLAT was co-founded by Dr ABC Orjiako’s business, Shebah Exploration and Production Company, and Platform Petroleum Limited. Dr ABC Orjiako has been the chairman of SEPLAT Petroleum Development Company from its inception in 2009, because to his great leadership and management techniques.
Since then, the firm has had significant development in oil and gas production, earning her global reputation. SEPLAT now produces over 8,000 barrels of crude oil per day and controls up to 40% of the offshore block.
SEPLAT Petroleum Development Company had a huge influence on the worldwide oil business under the leadership of Dr ABC Orjiako. The firm began trading on the Nigerian and London stock markets in 2014. That same year, she also got the Best Africa Listing. SEPLAT was also named the Oil and Gas Council’s Mid-Cap Company of the Year in 2014, as well as the World Economic Forum’s Global Growth Company.
Riches source of ABC Orjiako
Dr ABC Orjiako is a businessman par excellence who now has many roles and holdings in various firms. In addition to being the chairman of SEPLAT Petroleum Development Company, he is the CEO of Ordec Group, Helko Marine Services, and Shebah Exploration and Production Co. Ltd.
Dr. ABC Orjiako has also made interests in real estate, finance, and the pharmaceutical business.
ABC Orjiako Net Worth
ABC Orjiako, the founder of SEPLAT Petroleum Development Company, is a wealthy businessman. He is reported to be worth $1.5 billion.
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