Victor Ikechukwu Okoronkwo

Victor Ikechukwu Okoronkwo

Group Managing Director & Chief Executive
Nembe Exploration and Production Limited
"A Titan in Oil, Gas, and Power with over three decades of strategic leadership spanning global giants and independents"

Nigerian oil, gas, and energy executive with over 40 years of industry experience, recognized for upstream operations leadership, gas commercialization, power development, policy and fiscal reform advocacy, and public engagement on energy transition, security, and local content.

Executive Profile

Professional Credentials

Full Name: Victor Ikechukwu Okoronkwo

Current Role: Group Managing Director/Chief Executive, Nembe E&P Ltd

Years Active: 1984 - Present

Sectors: Upstream E&P, Gas Commercialization, Power, Energy Policy

Education & Credentials

B.Sc. Surveying: University of Lagos (1984)

MBA & Executive Programs: Cambridge, INSEAD, Oxford/Princeton

Certifications: Harvard, Stanford, Cambridge Universities

Professional: Licensed Surveyor (Nigeria, Ontario), FNIS, IoD

Industry Recognition

• Profiled as "Titan in Oil, Gas, and Power" by S&P Global

• Key contributor to Nigeria Gas Master Plan

• Champion of transformative advancements across energy sectors

• Ugwu Aro honor from Arochukwu Kingdom

Professional Journey

Career Timeline

1984-1991

Seismograph Services Nigeria Ltd

Chief Surveyor - seismic survey and geomatics operations across Niger Delta terrain

1991-2015

Shell Petroleum Development Company

Progressive leadership roles from Review Surveyor to General Manager, Gas for Shell Sub-Saharan Africa. Key roles in gas commercialization, power sector reform, and Nigeria Gas Master Plan development.

2015-2025

Aiteo Eastern E&P

Senior Vice President to Group Managing Director/CEO. Led operationalization of $2.5bn OML 29 acquisition, production recovery, and strategic transformation.

2025-Present

Nembe Exploration & Production Ltd

Group Managing Director/CEO leading rebranded entity with focus on energy security and growth across Sub-Saharan Africa.

Major Projects & Transactions

OML 29 Acquisition & Integration

~$3 Billion

Post-acquisition commercial frameworks, production ramp strategies, and integration of one of Nigeria's largest indigenous energy acquisitions.

Nembe Creek Trunk Line

117 km, 36-inch crude evacuation pipeline with handling agreements and downtime resilience measures.

Afam Integrated Gas & Power

~$1 Billion

650 MW combined-cycle gas turbine complex with 240MMscf/d gas plant during Shell tenure.

Assa North/Ohaji South JV

~$3 Billion

Portfolio commercialization in Sub-Saharan Africa gas leadership context.

Syndicated Financing

Restructuring of multi-billion-dollar facilities and interim agreements during oil price shocks.

Policy & Industry Leadership

Policy Contributions

• Nigeria Gas Master Plan (NGMP) development and implementation

• Petroleum Industry Act framework contributions

• Electricity Power Sector Reform Act (EPSRA) participation

• Commercial framework and network code for gas commercialization

• Two-term Chair of OPTS Gas Sub-Committee

• First National Vice President of Nigeria Gas Association

Thought Leadership

"Fossil fuels will remain material in the global energy mix while renewables scale up... Nigeria's gas sector can serve both export and domestic markets."

Emphasis on digitization, big data, and finance & risk disciplines as central to operator competitiveness. Consistent advocacy against oil theft and vandalism impacts on sector economics.

Speaking Engagements & Recognition

Community & Affiliations

Professional & Community Engagement

• Fellow, Nigerian Institution of Surveyors (FNIS)

• Member, Institute of Directors (IoD)

• Licensed Surveyor (Nigeria and Ontario, Canada)

• Knight of St. Christopher (Anglican Communion)

• Ugwu Aro honor from Arochukwu Kingdom

• Chairman of Patrons Multiethnic Festivals Calgary

• Independent Director on several boards

• Supporter of scholarships, youth empowerment, and cultural initiatives