Source: Aiteo Group |

OML 29 is not for sale

For the record, OML 29 was indisputably, legitimately and transparently secured in an internationally conducted divestment by the private entity, Shell

It has come to our notice that some fraudsters running a reports-for-cash syndicate, about whom we raised alarm so very recently, are suggesting that a portion of the shareholding of the company that holds the asset, OML 29 had been put up for sale to repay a loan. For the…

Aiteo Group
Source: Aiteo Group |

Benedict Peters, Aiteo Executive Vice Chairman, Assembles Legal Team to Address Unfounded Allegations

UK-based Mishcon de Reya is one of the world’s leading legal practices with a particular proficiency in handling contentious international disputes

Benedict Peters, Executive Vice Chairman of Aiteo Group (www.AiteoGroup.com), has instructed London law firm Mishcon de Reya and Washington’s Covington & Burling to lead ongoing efforts to address politically-motivated issues. Aiteo Group, founded in 1999, is a leading indigenous Nigerian oil producer headquartered in Lagos. UK-based Mishcon de Reya is…

Source: Aiteo Group |

Sustained Calumny: Aiteo sets the Records Straight

The publication contains several untrue and malicious allegations against our Executive Vice Chairman and the Aiteo Group

We have become aware of a defamatory publication by an online newspaper, known for publishing stories with spurious details. This publication alleges without any foundation whatsoever, that our Executive Vice Chairman (EVC), Mr Benedict Peters, bought property in England and luxury furnishings for the former Minister of Petroleum Resources, Mrs…

Aiteo Group
Source: Aiteo Group |

Aiteo Strengthens Group with the Appointment of International Advisor

Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the Group’s growth and diversification targets in Nigeria and across Africa as a whole

Aiteo Group (http://AiteoGroup.com) announces the appointment of Mr. Ratko M. Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development with effect from 5 May 2017. Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the…

Aiteo Group
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Source: Aiteo Group |

Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1 year

The company is confident that its significant gas resources at OML 29 will transform the country’s oil rich Niger Delta region into a power generation hub of repute before long

Integrated energy group Aiteo (http://AiteoGroup.com) has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time…