Eland Oil & Gas has named a former Baker Hughes director as its new chief financial officer.
Fifty-year-old Ronald Bain was today appointed CFO of the Nigeria-focused firm.
Mr Bain was the regional accounting director of Europe, Africa and Russia/Caspian for Baker Hughes, responsible for all financial reporting, financial management and compliance activities in over 40 countries. He recently led the financial integration planning for the Baker Hughes and GE Oil & Gas merger.
A spokesperson said: “He has a depth of experience with roles of increasing scope and responsibility including Controllership, Company Secretarial, Treasury and FP&A with companies such as Baker Hughes, BJ Services, Donside Paper Company and Vetco Gray.”
Eland is an independent oil and gas company focused on production, development and exploration in West Africa, particularly the highly prolific Niger Delta region of Nigeria.
Through its joint venture company, Elcrest Exploration and Production Nigeria Ltd (Elcrest), Eland’s core asset is an interest in the OML 40 licence, onshore Nigeria. Production began on OML 40 in February 2014 through the re-commissioning of two existing wells on the Opuama field, which had been previously shut in by SPDC since 2006.
It has offices in Aberdeen, London and Lagos.