LEADERSHIP CEO Of The Year 2014 – Benedict Peters (Founder, Aiteo Group)

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For a path-breaking deal that deepens the country’s capacity to manage its oil assets and one that will create local content valued at $2.7billion, Benedict Peters is LEADERSHIP CEO of the Year 2014.

Mr. Peters is the founder of Aiteo Group and is responsible for managing the company in terms of strategic development, policy formulation and execution.

A graduate of Geography and Regional Planning from the University of Benin, Peters has over 14 years of strategic experience in energy trading, commodity trading and banking. Six of his seven years in energy trading were in senior and top executive positions where he gained invaluable industry knowledge serving at top Nigerian energy trading companies that include Ocean and Oil Limited, MRS Oil and Gas (Managing Director) and OUR GROUP (Group Vice President).

Under him, Aiteo Group has grown rapidly within the last decade, becoming a significant player in the Oil and Gas industry in Nigeria. Its latest feat is the acquisition of 85 per cent equity in Oil Mining Lease, OML 29, being divested by the Shell Petroleum Development Company, SPDC. The purchase of the asset, reputed as one of Shell’s most prolific oil block makes it Aiteo’s largest asset in Africa from local content point of view. Peters and Aiteo sealed the deal worth $2.7billion, which also includes the Nembe Creek pipelines.

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