Uju Ifejika and the $400 Million Gamble

THISDAYLIVE | 06-09-2026 02:26am |

Uju Ifejika, chairperson and CEO of Brittania-U Nigeria Limited, invested over $400 million to develop the Ajapa Marginal Field after Chevron divested. The investment included a Floating Production Storage and Offloading unit and additional wells, achieving commercial output in 17 months. Ifejika's career transitioned from law to oil, starting at Texaco in 1987 and rising to senior positions.

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