Osa Okhomina, CEO of ADM
Nigerian independent poised to expand
ADM Energy has a pipeline of possible deals, says CEO Osa Okhomina
Nigerian independent ADM Energy is looking at potential acquisitions and has “two potential transactions underway”, CEO Osa Okhomina tells Petroleum Economist, adding that the company wants to conclude “one or two deals per year”. ADM is keen on “appraisal plays”, he continues, explaining that buying 2C reserves at a low price is a “better bang for our buck” than investing in mature fields. The company has “lots of experience operating offshore”, Okhomina continues, but would also consider the right assets in shallow waters and swamps. “The PIA is a good thing and has already improved the economics of our projects” Okhomina, ADM The independent wants to diversify political risk and s
Also in this section
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
19 June 2025
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
19 June 2025
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
