Falade leaves Oilserv to head NDEP Group

[By Sopuruchi Onwuka]

One of Nigeria’s petroleum industry captains, Mr Gbite Falade, has taken another stride as he continues persistent traverse across the executive circle of the indigenous petroleum companies in the country.


Mr Falade who was recently the Chief Operating Officer of the country’s biggest engineering, procurement and construction (EPC) company, Oilserv Limited, has been appointed the Managing Director of the nation’s pioneering marginal field producer, Niger Delta Exploration and Production (NDEP) Plc.

Mr Falade had surprisingly resigned his position at Oilserv Limited a few months ago, raising anxiety that he might have ended his flight at the executive echelon of the Nigerian petroleum industry, especially after he was said to have relocated to Canada to join his family.

His exit from Oilserv came after the company had successfully completed the ambitious and challenging Obiafun-Obrikom-Oben (OB3) pipeline project and also activated the first phase of the Ajaokuta-Kaduna-Kano (AKK) pipeline projects.

While industry obervers pondered over his next line of movement, the NDEP Plc announced Mr Falade its next Managing Director to succeed Dr. Layi Fatona who had groomed the company from mere license holder to producer, refiner and gas exporter.

Mr Falade’s appointment which took effect Wednesday charges him with the responsibility of sustaining the company’s operations at the 12,000 barrels per day Ogbele marginal field which hosts the nation’s pioneer modular refinery and central gas processing facility.

Mr Falade who had a career at Shell carries a bigger image of Oando Plc where he had served at various senior management positions across the company’s broad business circuit. It is believed that Mr Falade symbolised the longstanding business relationship between Oando and Oilserv on petroleum pipeline development in the country.

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