Speaker Profile

AUSTIN AVURU

CEO, Seplat Petroleum Development Company Plc.

AUSTIN AVURU, Chief Executive Officer, Seplat Petroleum Development Company Plc.

Austin Avuru is the Chief Executive Officer of SEPLAT, a leading Nigerian Independent oil and Gas Company listed on the main board of the London Stock Exchange and on the Nigerian Stock Exchanges with a strategic focus in the Niger Delta region of Nigeria.

He co-founded Seplat which pioneered a historic dual listing on the London and Nigerian Stock Exchanges in 2014.  He has led the company with strong and transparent governance while maintaining a prudent balance sheet management with the company being largely self‐funding with good returns to all stakeholders. Within the very short period, Avuru also put in place highly motivated employees, as well as, built strong relationships with key local communities resulting in a stable operating environment. SEPLAT has become the leading independent oil and gas operator in Nigeria with an enviable track record of over 70,000bopd gross operated production as at 2014 and an average gross gas production of 118.1 million standard cubic feet per day. The company has more than quadrupled productions since it began production in 2010.  It has made significant investment to grow its gas business and is currently driving an increased commercialisation and monetisation of its  natural gas resource as an attractive long-term opportunity, going beyond the domestic supply obligations by selling to commercial ventures in Nigeria, such as power generation plants.

Austin holds a geology degree from the University of Nigeria, Nsukka, a postgraduate diploma in petroleum engineering from the University of Ibadan, Nigeria and he is a graduate of the OPM 41 Class at Harvard Business School. Austin has almost 35 years experience in the oil and gas industry.  He is the winner of the 2013 edition of the prestigious Ernst &Young Entrepreneur of the Year award in the Master Category for Nigeria and the West African sub –region. Austin is married with children.