Mr Sunday Okunbor
My name is Sunday Okunbor. I have over 20 years of professional working experience in the oil and gas industry. I started my career with Shell Nigeria Gas Limited, a gas and power arm of Shell in Nigeria, as an Assistant Financial Accountant from 2000, where I managed the preparation of financial statements for the company. Then, I was promoted to the post of Treasury Accountant in 2004 to coordinate all payments to contractors and staff within the stipulated time frame. Within my time in Shell, I was part of the team that started the gas project (Pressure Reduction Manifold Station) at Agbara/Ota in Ogun State and achieved first gas in 2003 and ISO 92001.
From Shell, I moved to Pan Ocean Oil Corporation in 2005 as an Account officer managing the company’s fixed assets, including accounting for all company’s producing wells; preparing the Well depletion/ abandonment report. In 2009, I was promoted and joined the oil and gas commercial units as Senior Commercial Officer, where I was saddled with managing and operationalizing all commercial agreements. Develop and prepare Pan Ocean Gas Business Plan.
I was part of the team that negotiated and signed off the “first” Gas Sale Aggregation Agreement (GSAA) with PHCN /Egbin Power Ltd. And also was involved in bringing about the first gas for Pan Ocean in 2010. Currently, Pan Ocean supplies gas to PHCN through Nigeria Gas Company (NGC). Until my last day in Pan Ocean, I was the team lead working on repositioning Pan Ocean in the area of business development, acquisition of new assets, sourcing for third party gas injectors, usage of Amukpe/Escravos pipeline spare capacity and strategies.
After over eight (8) years at Pan Ocean Oil Corporation, I joined ND Western Ltd in July 2013 as Commercial Manager to manage the following responsibilities, but not limited to: Led a multi-disciplinary team in maturing commercial opportunities; taking responsibility for the integration of all analyses and risks, identified by the relevant disciplines and experts, into the commercial deal structure. Negotiate and conclude all upstream commercial arrangements with NPDC. Crude Oil Allocation and Lifting coordination for NDW. Manage the Gas portfolio related to all GSPAs and optimize the commercialization of the OML34 gas resources.
I succeeded in helping ND Western to recover over 209bllion naira and 82million dollars of outstanding gas debt owed by gas customers in Nigeria and Western Africa, respectively. I have created immense value for ND Western oil and gas resources.
During this period, I was also saddled with managing the Non-Oil and Gas Asset (NOGA), which comprises 144 three-bedroom bungalows in Ogunu Estate and over 350 three-bedroom flats in Edjeba Estate. All these properties were abandoned and left to rot away. Within two years, I transformed the asset into a money-making venture, from an occupancy level of 17% to an astounding 91%, translating to a massive revenue inflow for ND Western and its JV Partner – NPDC. The Estates – Edjeba and Ogunu were turned to a choice estate for top executives and oil workers in Warri, Delta State.
I am a graduate of Economics from Delta State University, Abraka and hold a master’s degree in Business Administration (MBA) from University of Calabar, Cross River. I am a Chartered Financial Consultant (CFC) from the Institute of Chartered Financial Consultant, USA. In my spare time, I enjoy watching football. I am married to Opeyemi, and we have three beautiful children, namely Naomi, Nathaniel and Neri.