Abuja, Nigeria – (African Boulevard News) – In a move that has sent shockwaves through the Nigerian oil industry, Austin Avuru, the former CEO of Seplat, is making a bold bid to acquire part of French oil major TotalEnergies’ Nigerian oil assets. Avuru, who left Seplat in 2020, sees this as an opportunity to revive his career and make a significant impact on the country’s oil sector.
TotalEnergies, one of the largest oil companies operating in Nigeria, is reportedly looking to sell some of its Nigerian oil assets. This has created a buzz in the industry, with several players interested in acquiring these valuable assets. However, Avuru seems to be leading the pack with his vast experience in the Nigerian oil sector.
Avuru, a respected figure in the industry, founded Seplat in 2010 and served as the company’s CEO until his departure last year. During his tenure, Avuru successfully guided Seplat through challenging times, helping the company become one of Nigeria’s leading independent oil and gas companies. His expertise and deep understanding of the Nigerian oil market make him an ideal candidate to take over TotalEnergies’ assets.
As Avuru embarks on this new venture, he sees it as an opportunity to make a significant impact on Nigeria’s oil industry. Acquiring the assets would not only restore his career but also provide a platform to contribute to the nation’s economic growth. Avuru has always been passionate about the development of Nigeria’s oil sector, and acquiring TotalEnergies’ assets would allow him to continue this mission.
Industry experts believe that Avuru’s bid to acquire TotalEnergies’ assets could have far-reaching implications for the Nigerian oil industry. If successful, Avuru’s new venture could boost local participation in the sector and stimulate investment in the country’s oil and gas industry.
Speaking about Avuru’s potential acquisition, a prominent industry analyst said, “This move by Avuru demonstrates his resilience and determination to make a difference in Nigeria’s oil industry. His track record speaks for itself, and I believe he has the vision and expertise to turn these assets into a success.”
While the deal is yet to be finalized, the interest surrounding Avuru’s bid is high. This acquisition could mark a significant turning point in Avuru’s career and solidify his position as a key player in the Nigerian oil sector.
As the Nigerian oil industry eagerly awaits the outcome of the negotiation, one thing remains clear: Austin Avuru is determined to leave a mark and revive his career by acquiring TotalEnergies’ Nigerian oil assets. If successful, this move could have a positive ripple effect on the country’s oil sector, paving the way for increased local participation and further investment in Nigeria’s future.
