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Reading: Calm down, Benny Peters is not selling SHELL OML 29
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Calm down, Benny Peters is not selling SHELL OML 29

December 3, 2015 10:13 am
The Capital
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“It takes your enemy and your friend, working together, to hurt you to the heart; the one to slander you and the other to get the news to you,” said Mark Twain, U.S. writer and humorist.
Billionaire oil mogul behind Aiteo, Benny Peters probably needs to take a cue from the late writer now.
While good news picks its way laggardly across the world, bad news leaps across the world’s remotest stretches at the speed of light.
Little wonder, news about Benny Peters selling his much-talked about Shell OML29, is making its way across the social and political spaces, at alarming speed. TheCapital gathered that the doomsday rumour is a poorly choreographed bunch of lies. Ben is not putting it up for sale. He bought Shell OML 29 months ago for $2.7 billion dollars.
In the mafia-esque oil and gas industry, with its unwritten and understated Omerta, Benny is a primus inter pares. Because of his meteoric rise on the ladder of billions, many say he is the kind of guy that you give a rope and he automatically wants to become a cowboy. Obscenely wealthy, Benedict is versed in the art of putting money to good use for the enjoyment and pampering of self.
Interestingly, if fortune can be harvested as gold and silver grapes and blessings flourish like leaves and silver fleurs-de-lys, the life-path and home of Peters would glitter like a barn full of treasure and a life well spent.
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). He was very close to Diezani during the latter’s tenure as Nigeria’s petroleum minister.

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