Shell Appoints First Nigerian to Head SPDC

Shell Petroleum Development Company of Nigeria Limited (SPDC) announced the appointment of Basil Omiyi as its Managing Director with effect from September 1, 2004. Mr. Omiyi, 58, will be the first Nigerian to hold the post.

Chris Finlayson, the current Managing Director of SPDC, has been appointed Chief Executive Officer of Shell Exploration and Production (Shell EP) in Africa with effect from October 1. 2004. Mr. Finlayson, 48, will continue to be based in Lagos, Nigeria, and will retain the role of Country Chair for Nigeria.

Mr. Finlayson succeeds Shell EP Africa's current Chief Executive Officer, Brian Ward, 57, who retires after more than 36 years of service with the Royal Dutch/Shell Group of Companies (Shell) in a career that has seen assignments in the Netherlands, Brunei, Malaysia, Nigeria, Argentina and the United Kingdom.

Mr. Omiyi is currently Production Director of SPDC. He joined Shell in 1970 as a petroleum engineer and has worked in Nigeria, the United Kingdom and the Netherlands. He was appointed to the Board of SPDC in 1996, when he took up the position of General Manager, Relations and Environment. In 1999 he was appointed External Affairs Director before assuming his current role in 2002.

Mr. Omiyi said today: "I am delighted to be appointed Managing Director of SPDC and I am honored to be the first of what I expect will be many Nigerians to hold the post. I look forward to the opportunities and challenges which lie ahead."

Mr. Finlayson began his Shell career in 1977 in the United Kingdom as a petroleum engineer. He has since also worked in Brunei, Turkey and the Netherlands. He was first posted to Nigeria from 1992 to 1995, as SPDC Development Manager. Prior to his appointment in October 2003 as Managing Director of SPDC, Mr. Finlayson was Managing Director of Brunei Shell Petroleum Company.

Mr. Finlayson said: "Africa is an important area of focus for Shell EP and I look forward to working with our thousands of employees across the continent as we further develop our business in this exciting and challenging region."